Better figures of Chinese GDP provided support to global markets, Sensex also witnessed tremendous growth

By Anupreet Kaur On Oct 19, 2020

new Delhi. Even though China’s third-quarter growth rate has been lower than anticipated, the gap has narrowed and the growth rate of 4.9 per cent has served to provide relief to all markets in the world except Asian markets. If you talk about India, the Sensex has risen by more than 40400 points. At the same time, the Nifty 50 is once again seen rising rapidly towards 12000 points. At the same time, HDFC is seeing a boom before the quarterly results. Today, apart from HDFC, results of some other companies are yet to come.

Also read: Tremendous improvement in China GDP, boom in economy

Great business in Sensex and Nifty
Today the stock market is witnessing tremendous boom. This is the second consecutive trading day after Friday when the stock market has shown improvement. The Bombay Stock Exchange’s flagship index Sensex is trading at 40428.26 points with a gain of 445.28 points. While the National Stock Exchange’s leading index Nifty 50 is trading at 11875.75 points with an increase of 113.30 points. BSE Small Cap 70.13, BSE Mid-Cap 39.46 and Foreign Investors Index CNX Midcap are trading with a gain of 80 points.

Also read: After Apple, the launch of Redmi is going to be launched soon.

Big boom in banking sector
Today there is a big boom in the banking sector. The bank exchange is trading up by 405.09 points. The bank Nifty is seeing a gain of 354.25 points. BSE Auto 57.44, Capital Goods 44.60, Consumer Durables 47.90, BSE FMCG 83.10, BSE Metal 27.36, Oil & Gas 115.64 and BSE PSU 67.70 are showing gains. On the other hand, Pharma 25.65, BSE IT 51.07 and Tech are seeing a decline of 17.73 points.

Rising and falling shares
First of all, when talking about rising stocks, ONGC shares are seeing a gain of 3.94 per cent. Housing Development Finance Corporation appears to be trading at a rate of 3.12 per cent. NTPC continues to gain 2.74%, Axis Bank 2.66% and ICICI Bank 2.23%. Among the declining stocks, Divis Laboratories was trading 1.23 per cent, Cipla 1.21 per cent, Tata Consultancy Services 1.04 per cent, UPL 1.00 per cent and Hero MotoCorp 0.71 per cent.