Sluggish market before GDP figures, Sensex drops 300 points, Nifty drops too

Sluggish market before GDP figures, Sensex drops 300 points, Nifty drops too

Business

The GDP estimates for the last quarter of the financial year 2019-20 ie January-March are arriving in the time of the Corona crisis. In addition to this, what was the condition of GDP for the whole 2019-20 financial year, these figures will also be informed. Before this the Indian stock market has a sales climate. The SENSEX and NIFTY have seen a big decline in early trade. The SENSEX dropped more than 300 points and fell down to 32,000 points, while the Nifty was also seen losing about 80 points. Let’s tell you that the Sensex rose by 595.37 points or 1.88 per cent at the end of Thursday’s trading and closed at 32,200 points. When you’re talking about Nifty, it was at 9,490.10 po 175.15 points or 1.88 percent.

This is to say, in the last two days The Sensex has earned 1600 points Wednesday and Tuesday. Simultaneously speaking of the Cool it has crossed nearly 9500 marks. On Tuesday, though, the stock market fluctuated while Monday’s Eid did not trade. For the last quarter of the current financial year 2019-20 ie January-March quarter, there are all kinds of apprehensions about the GDP estimates. Apart from this, it is also possible to decrease GDP estimates for the entire year. According to the Care Ratings rating agency survey, the growth rate in the fourth quarter will be 3.6 per cent.

The growth rate is forecast at 4.7 per cent for the current financial year. Similarly, a number of organizations have raised the likelihood that GDP numbers will collapse. This is the reason investors are apprehensive. Let me tell you that from the month of February itself, the effect of Corona on India’s trade began to appear. Meanwhile, Voda-Idea ‘s share of telecom has risen by 6 per cent. Currently there’s word that Google’s giant technology company will invest in Vodafone-Idea. Google is seeking a 5 per cent interest in Vodafone-Idea, according to sources. When the deal works, otherwise Vodafone-Idea can get a big relief heading through the financial crisis.

Jason Amato

Jason had joined DailyHover.com since 2015. Along with being the chief editor of the company, he scripts an exclusive series of news reports. It is like, writing truthful and non-biased news has become an integral part of his life. The publishing relies on Jason, who offers transparency to news reporting and journalism ethics. He has a decade long taste of media industry and reporting. Those aspects assist Jason’s expertise in writing new from Business and Health sectors. The titles include reports related to companies like Tesla, Uber, Amazon, Apple, Samsung, Alibaba etc. He has also focused on the latest happenings, discoveries, and studies taking place in the health sector. You can get him in touch with at

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