Market Update: Market closed in red mark amid heavy volatility, Nifty came above 17,000

Share Marker Update: Sensex closed with a fall of more than 700 points amid volatility, understand the trend


Mumbai . On Tuesday, the Indian stock market saw ups and downs throughout the day. After the flat opening, the market was trading in the green in the early hours. Then after 11 o’clock profit-booking has dominated the market. In the afternoon, the Nifty had gone down by nearly 300 points to 16,600. In the last minute, Nifty again regained the level of 16,600.

In the end, the Sensex closed down 709.17 points at 55,776.85. On the other hand, Nifty closed at 16,663.00, down 208.30 points. Bank Nifty closed 289.50 points lower at 35,022.65. Auto stocks saw a rise today, while IT stocks declined.

Auto Component PLI
According to information received from sources by CNBC-Awaaz, 75 companies have got approval in Auto Component PLI. 75 companies manufacturing auto accessories have been selected. CEAT and BHEL have got approval for the scheme. Approval has been given for PLI in non-automotive category. Today the names of the companies can be formally announced. Maruti Suzuki, Hero MotoCorp is also possible in PLI. Motherson Sumi, Bosch’s name is also possible in PLI.

Vodafone Idea ties up with Nazara for gaming service
Telecom operator Vodafone Idea Limited (Vi) has entered into an agreement with diversified gaming and sports media company Nazara Technologies. Under this agreement, Vodafone Idea will start gaming services for its subscribers. Starting with the name of Vi Games, more than 1400 Android and HTML5 based mobile games will be available under this gaming service. It will have both free and paid mobile games. The company has said that its game offering will initially consist of casual games only. These will gradually expand and then include social games and eSports games as well.

Tags: BSE Sensex, Nifty50, Share market, stock market today, Stock Markets, Stocks


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