With the economic sanctions on Iran, the world's stock markets are getting stumped. Today, Asian markets have started with a decline. SGX Nifty is trading below. In the yesterday's trade, the US market is flat. The US president has said that the United States will not allow Iran's nuclear blackmail. Economic sanctions on Iran have been implemented with immediate effect.
Now all the companies have to break business relations with Iran. For this, foreign companies will get 3 to 6 months time. Iran has seen strong growth in crude bans again. Between these weaker global signals today, the beginning of the Indian markets has also been with weakness.
In today's market, there is a weakness in the small and mid-cap stocks as well as in the market, due to which the BSE's small index is showing around the level of 18100 with 0.04% weakness. At the same time, the BSE Midcap Index is trading 0.20% down at close to 16600 levels.
In today's early trading, banking, pharma, realty, FMCG, auto and energy stocks are seen selling. Because of this, Nifty's Pharma Index is trading 0.32%, Auto Index 0.12%, Realty Index 0.49%, Energy Index 0.47% and FMCG Index 0.21%.
Today, banking stocks are showing a sell-off, which led to the Bank Nifty falling below the level of 25965 with 0.48% weakness. In today's trading, Nifty's private bank Index is trading 0.54% and PSU Bank index is trading at 0.45% weakness.
However, during this time of trading, metal and IT stocks are buying. Because of this, the Nifty's metal index is showing 1.31% and IT index is 1 per cent stronger.
For more information Whatsapp@ +91-9755855566 or visit@ http://www.saiproficient.com/
Now all the companies have to break business relations with Iran. For this, foreign companies will get 3 to 6 months time. Iran has seen strong growth in crude bans again. Between these weaker global signals today, the beginning of the Indian markets has also been with weakness.
In today's market, there is a weakness in the small and mid-cap stocks as well as in the market, due to which the BSE's small index is showing around the level of 18100 with 0.04% weakness. At the same time, the BSE Midcap Index is trading 0.20% down at close to 16600 levels.
In today's early trading, banking, pharma, realty, FMCG, auto and energy stocks are seen selling. Because of this, Nifty's Pharma Index is trading 0.32%, Auto Index 0.12%, Realty Index 0.49%, Energy Index 0.47% and FMCG Index 0.21%.
Today, banking stocks are showing a sell-off, which led to the Bank Nifty falling below the level of 25965 with 0.48% weakness. In today's trading, Nifty's private bank Index is trading 0.54% and PSU Bank index is trading at 0.45% weakness.
However, during this time of trading, metal and IT stocks are buying. Because of this, the Nifty's metal index is showing 1.31% and IT index is 1 per cent stronger.
For more information Whatsapp@ +91-9755855566 or visit@ http://www.saiproficient.com/
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