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Share market opens with 70 points, action expected in chemical sector


Share market opens with 70 points, action expected in chemical sector 1

New Delhi: After closing at the record level yesterday, today the third trading day is witnessing an atmosphere of lethargy in the stock market (SHARE MARKET). Sensex (SENSEX) is currently trading at 36,798 and Nifty is trading at 50, 10 thousand 839 level with a gain of 70 points. Bank Nifty is also seeing an increase due to purchase in banking shares.

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These stocks are showing an increase- With the opening of the share market, all the sectoral indices of Nifty sector except FMCG and IT shares are functioning in green mark. The Nifty realty index is trading 0.36 per cent, private bank index 0.42 per cent, PSU bank index 0.30 per cent, pharma index 0.55 per cent, metal index 0.40 per cent and auto index 0.30 per cent.

At the same time, the Oil and Gas Index of BSE (Bombay Stock Exchange) is functioning with a gain of 0.26 percent.

Experts have expectations from the chemical sector On the other hand, if the experts are to be believed, in the cabinet meeting to be held today, a fund of 1 lakh crore can also be approved to improve the Agri Infra of Self-Reliant Package. This decision is bound to have an impact on the market. On the other hand, policy has been prepared for Chemical and Petro Chemical sector. The new unit will get full exemption in corporate tax for 5 years. There is also a proposal to exempt duty on imports, due to which action can be seen in chemical stocks.


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