The stock market, which saw a steady decline, rose by a cent percent yesterday following a nationwide curfew.
With Coronavirus spreading so fast, Prime Minister Narendra Modi issued a 28-day curfew yesterday to prevent the danger. He announced an allocation of Rs 15,000 crore for the budget to improve the coronary treatment structure. The stock market rose significantly yesterday.
The index is up 1,861.75 points to 28,535.78. The index closed 6.5 points higher at 8,317.85. In all, the Bombay Stock Exchange rose 7 percent and the National Stock Exchange 6. 69 percent.
The 21-day curfew has already put investors in a serious crisis. This curfew is inevitable in the current context. However, the economic impact has been reported to be severe.
Shares of Reliance Industries traded up 13.84% during trading yesterday. HDFC Bank rose 12.41 percent, Kodak Mahindra Bank 11.9 percent, UPL 11.43 percent and Grasim 10.47 percent.
Bank shares fell 15.86 percent. IndusInd Bank declined by 8 percent and Coal India by 2.22 percent. Foreign investors sold shares worth Tk 2.5 crore yesterday.
Government support in the textile industry
In the current environment, all enterprises are facing severe recession. It has affected various sections.
In this context, Textile Minister Smriti Rani has said that no list should be canceled keeping in view the current situation of textile companies. The kingdom is with you. He expressed confidence that necessary assistance would be planned.
We will not leave the house until March 5th We will be in touch with the world through the media. We will contribute fully to this community by preventing the spread of corona from the public’s eyes.
COVID-1 Corona Prevention / Awareness Manual – Download and use for free!
– Hindu Tamil Directions with the interest of readers