Sensex down by 450 points, PSU banks and Nifty trade with growth margin of 1%

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Published by Ishan Soni on 19 Mar 2020

The stock market is still facing instability amid ongoing unrest and the traders are facing difficulty in day to day trading. Sensex showed the signs of growth but still it’s down by 450 points. On the other side, some segments have shown growth including Nifty.

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Earlier, Sensex crashed by more than 2,000 points and it was the lowest of 38-months. On the other side, Nifty crossed its level of  7,900 points, highest since December 27, 2016. The S&P BSE Sensex also faced weak closing in the market with the exchanging levels tumbling around 27,930 points, which was the dip of 932 points, or 3.15 percent.  Nifty50 was also trading at 8,000 points and surged to 8,200.

Talking about other stocks, Bajaj Finance fell 13 percent just to skip back 10 percent off the lows, while IndusInd Bank turned green and showed the growth of 12 points.

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Coming to the margin profit makers, PSU was among the shares that showed a green signal to the investors. It was up by almost 1.1 %.  In the entire situation, market experts are saying that conditions will improve in the upcoming few weeks and the whole stock market will take a bounce back to its previous profitable condition. It might be a buying opportunity for long-term traders.

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