Increase in share prices unprecedented in the last 5 months
Posted on: 18/Feb/2017 2:01:06 PM
The stock exchange trade yesterday (Friday, 17th February) marked an unprecedented increase experienced since last 5 months.
After the demonetization scrapping the old currency notes of Rs. 500 and Rs. 1000, there was a temporary recession in the stock exchange. Despite this, the governor of the Reserve Bank of India Urjit Patel informed that there would be economic growth in the country. This news brought a spurt of excitement and enthusiasm for the stock investors.
Further, with the Reserve Bank of India withdrawing the regulations imposed on the foreign investors, the stock exchange trade was strengthened.
Subsequently, the shares of the pharmaceutical companies increased to a maximum of 1.64 percent.
The other industries like fuel gas saw an increase of 1.38 percent. The finance increased by 1.24 percent. The energy sector increased by 1.07 percent.
Among the companies, HDFC increased by 3.75 percent. CIPLA increased by 1.58 percent. Tata Motors increased by 1.53 percent.
At the same time, the shares of TCS went down by 1.58 percent. Hero Motocorp went down by 1.29 percent. Infosys went down by 1.21 percent.
During the stock exchange trade on Friday, 17th February, Sensex increased by 167 points to 28468 points. This the maximum points after 23rd September.
In the national stock exchange trade on Friday, 17th February, Nifty rose by 43 points and was at 8821 points.
