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Stock market open with fast, while IT companies dropped by a few percent

Today the domestic stock markets started the season with rapid growth. Crude oil prices have softened even in international markets. Also, due to improving the rupee, shopping in the market was seen. However, this has led to a decline in export-oriented shares.


At 9.30 am, the BSE Sensex was trading 67 points or 0.17 percent higher at 39,048 level. At the same time, the Nifty 50 index was recorded at 17,742 level with an increase of 17.5 points or 0.15 per cent.

US stock market condition on Thursday
 American stock markets closed with red mark. Dow Jones slipped to 0.46 percent. However, the S & P 500 Index found a weakness of 0.21 percent. Nasdaq composites ended the session with 0.16 percent weakness.

These saw a few percent increase
On the BSE Sensex, Yes Bank's shares rose 1.47 per cent to Rs 176.35. Maruti Suzuki shares increased by 1.40 per cent to Rs 6,762. Bharti Airtel, Power Grid and ONGC's shares rose 1.25 percent, 1.18 percent and 1.12 percent, respectively.

BSE Smallcaps and Midcap Index also witnessed up to one quarter percent growth during the initial business In addition to the BSE IT and Tech index, the shares of all sectors were trading in green mark. Telecom and Realty Index saw the fastest growth.

IT companies 
On the other hand, IT companies saw a decline of some percentage points, as HCL Techonologies shares fell to Rs 1,125.50 with 2.97 per cent weakness. Shares of Tata Consultancy Services slipped 2.46 percent to Rs 2,160. Stocks of Infosys, Tata Steel and Hindustan Unilever fell 1.19 per cent, 0.49 per cent and 0.35 per cent, respectively.

Some results of the March quarter are expected to come out on Friday, with companies like Tata Chemicals, L & T Technology Services, Birla Corporation, Hindustan Unilever, Godrej Consumer Products, HSIL and Housing Financers to deliver the results of the fiscal year 2018-19.

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