Sensex hits 5 month low
Thursday was not good for the Indian stock market. On the fourth trading day of the week, the Sensex dropped 463 points to close at 37,181. On the other hand Nifty dropped 138 points to 10 thousand 980 levels. During the business, the Sensex and Nifty came down to their lowest level of 6 months. The Sensex closed at the 5-month low level. Due to the fall in the Sensex of the BSE index, investors lost more than Rs 1.45 lakh crore in just a few hours.
At the end of the business, Vedanta’s shares closed down more than 5 per cent. Likewise, the share of Tata Motors, SBI and Airtel declined by more than 4 per cent. In addition, shares of Yes Bank, Infosys, Tata Steel and L & T closed down by more than 2 per cent.
Sensex in free fall: What is the reason
Due to the reduction of interest rates by the American Fed, the pressure on the Indian market has been seen. At the same time, the rating agency Crisil also slipped the market due to the downturn of GDP growth. Crisil has reduced GDP growth estimates by 0.20%.
Cafe Coffee Day shares drop by 42 percent
The Coffee Day Enterprises, which runs a coffee chain called Cafe Coffee Day (CCD), continues to fall. On Thursday, the share of the company fell 12 percent. In three days, the stock of the company has fallen 42% in the BSE. At the end of the trading on Thursday, shares of Coffee Day Enterprises closed at a price of Rs 110.95. After the company’s chairman VG Siddharth disappeared on Monday, the company’s shares are declining. Siddharth’s body was found on Wednesday morning.
