Market opened with a decrease on the last trading day of the week, the Sensex broke over 400 points, Nifty dropped below 25000
In the midst of poor signals of the global markets, the Indian stock market opened on Friday (July 24) with a decline. The BSE Sensex opened 366 points or 0.45 percent to 81,818. At the same time, the Nifty 50 index opened 116 points or 0.46 percent to 24,946 below 25,000 points. Investors review the new signed free trade agreement with Britain. Below rates will be cut on all items, from clothing to whiskey and cars. The main investment strategist of Geojit Investments VK Vijaykumar said: “The signing of the Indo-Britain Free Trade Agreement is expected to earn an income of approximately $ 34 billion a year between the two countries. This is extremely important in the current scenario. This is very important because India is eager to reach an agreement on trading and rates.” Important factors affecting the market today: The results of the April-Junie Quartesis (Q1) of companies for the week ended July 18, India-UK Business Agreement Global Markets Mixed with Mixed FII/Dii Investment Trends Primary Market Activities Q1 Results: Results of these companies come to Bajaj Finner, Sija, SBI cards, SBI cards today. Shephaller India, Sails Labs, Poonawala Fincorp, Tata Chemicals, Aadhaar Housing Finance, Grindwell Norton, Acme Solar Holdings, Shobha, Prospective Design Erina, Home Fresh Finance, Gujarat Mineral Development Corporation, Reliance Infrastructure, Reliance, JK Bank, JK Bank. Chennaii Petroleum, Sudarshan Chemical, Manorama Industries, Chennaii Petroleum, Sudarsan, Manorama, Chennaii Petroleum, Sudarshan Chemikaly Cropkem, Mahindra Lifesspace, Tamil Nadu Mercantile Bank, Paras Defense, Sterlite Tech, Orient Cement Electric and RPG Life Sciences. The state of global markets? The Asian markets had a decline on Friday. Japan’s Nikkei dropped 0.55% and the topics index 0.73%. ASX 200 from Australia also dropped 0.51%. However, South Korea’s Kospi increased by 0.14%. In the US last week, unemployment demands fell by 4,000 to 2.17 lakhs, while estimates were 2.27 lakhs. This is the sixth consecutive week when unemployment demands decreased. However, current unemployment claims have increased to 19.55 lakhs, the second highest level since November 2021. Meanwhile, S&P Global US Composite PMI reached 54.6 in June, which was 52.9 in June. This is the strongest expansion ever this year. The service sector had a rapid increase in the service sector and the manufacturing sector resulted in a minor improvement. At Wall Street, S&P 500 and Nasdaq made new records. S&P 500 rose 0.07% to 6,363,35 and Nasdaq climbed 0.18% to close at 21,057,96. Dow Jones dropped 0.7% to close at 44,693.91. The IPO update of today: Many activities associated with IPO will be seen in the primary market on Friday. Today is the last day of subscription for the Proposier Titania IPO (headboard). SMO -Ipos of Cellarp Industries, Shri coolings and Patel Cam specialties will open from today. Today is the second day of Brigade Hotel Ventures IPO (headboard). Indicube Space IPO (headboard), TSC India IPO (SME) and GNG Electronics IPO (SME) will enter the third day of subscription today. The award of Monarch land meters and engineering consultants IPO (SME) is awarded today.