Sensex breaks 770 points - AB TAK NEWS


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Tuesday, 3 September 2019

Sensex breaks 770 points

Stock market Sensex breaks 770 points


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Financial and vehicle companies' weakest production in 15 months

Nifty 150 points down

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On Tuesday, the domestic stock market created a furore as the weak economic data dampened investor confidence and the major indices Sensex Nifty fell by more than 2% amid all-round selling.In the first quarter of the current fiscal, the GDP growth rate has come down to a 6-year low of 5%.After this data released on Friday evening, the July figures of 8 basic industries were also negative on Monday, production growth rate of basic industries was reduced to 2%. Negative signals from foreign countries also put pressure on the market.  In order to put a brake on the continuing decline, last month, several announcements were made in the interest of the investors of the industry, whose market was positive for a few days.  Negative impact but once again shake investor confidence.

Gujarat Induction furnace industry hit by recession
The impact of the slowdown present in the auto industry and steel posts and other industries that use raw materials will choke Gujarat's induction furnace industry, ie iron scrap or script iron and sponge iron in electric-fired recruits or reduce production  Is lying and about 50 units have been closed in the last 3 monthsAnd with this, thousands of workers became unemployed after working, during this time the total production also fell to about a quarter.

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