Bombay Stock Exchange (BSE) was running in red today as market sentiments about the 2nd Quarter GDP numbers dragged it down after Sensex had touched an all-time high in the intra-day session on Thursday. BSE dipped 100 pts in the early trading session.
Crux of the Matter
Announcement of the 2nd Quarter GDP figures has dragged the market in red. Market sentiment is that the Q2 GDP growth would lie somewhere between 4% – 4.8%, lowest in last six years.
BSE Sensex opened 100 points below. NIFTY was later trading lower by 1%.
Stock of Yes Bank soared high at 4%, whereas major stocks were down.
US backing pro-democracy law in Hong Kong, slipping rupee, and crude oil prices, could have driven the market as well.
Curiopedia
The Bombay Stock Exchange (BSE) is an Indian stock exchange located at Dalal Street, Mumbai. The Bombay Stock Exchange is the oldest stock exchange in Asia. Its history dates back to 1855, when 22 stockbrokers would gather under banyan trees in front of Mumbai’s Town Hall. The location of these meetings changed many times to accommodate an increasing number of brokers. The group eventually moved to Dalal Street in 1874 and became an official organization known as “The Native Share & Stock Brokers Association” in 1875. The BSE is the world’s 10th largest stock exchange with an overall market capitalization of more than $2.2 trillion on as of April 2018. More Info
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