Business News This Week
The second day of the week was not proved good for investors as well as the BSE Sensex, which shed 309.77points and closed at 18411.62 points. Nifty was closed at 5526.15 points with down 89.95 points.
The markets were volatile on the day, but the results of the quarter one of Infosys disappointed the investors. The trading of the shares of Infosys, the major software company of India, weighs around 20 per cent on the BSE Sensex.
Another major drawback for the stock market was the IIP data - industrial output has decreased to 5.6 per cent in May. The major sector - mining also reported a growth rate of 5.6 percent. The sector covers around 70 per cent of industrial output in India.
The markets were volatile on the day, but the results of the quarter one of Infosys disappointed the investors. The trading of the shares of Infosys, the major software company of India, weighs around 20 per cent on the BSE Sensex.
Another major drawback for the stock market was the IIP data - industrial output has decreased to 5.6 per cent in May. The major sector - mining also reported a growth rate of 5.6 percent. The sector covers around 70 per cent of industrial output in India.
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