New Delhi: After a long break, there was a sharp fall in the major stock indices that opened on Monday. The Bombay Stock Exchange (BSE) Sensex opened with a loss of 1130 points, while the Nifty index of the National Stock Exchange (NSE) started trading by falling 300 points. At the end of trading, the Sensex closed at 57,166.74, down 1172.19 points, or 2.01 percent. On the other hand, the Nifty lost 302 points or 1.73 percent to close at 17,173.70. Due to the strong fall in the stock market, about Rs 3 lakh crore of investors have been sunk.
Infosys, HDFC, HDFC Bank, Tech Mahindra, and Apollo Hospital were the top losers of Nifty in Monday’s trade. While NTPC, SBI Life Insurance, HDFC Life, Coal India, and Tata Steel were the top gainers.
The last trading took place on April 13
The last trading in the stock market took place on April 13 and after that trading was stalled for four days. In the last trading session, the Sensex closed at 58,339, down 237 points, while the Nifty was at 17,476 with a loss of 55 points.
Shock to the common man, wholesale inflation rose to 14.55 percent in March
After the retail inflation, now the common man has also got a setback on the wholesale inflation front. In the month of March, wholesale inflation reached the level of 14.55%. Earlier in February, it had increased at the rate of 13.11 percent. This increase was mainly due to the rise in the prices of crude oil and commodities, while the prices of vegetables saw a decrease during this period.
Taking a loan from SBI will be expensive, MCLR increased by 0.10 percent
State Bank of India has increased the marginal cost-based lending rate (MCLR) by 10 basis points or 0.10 percent for all its term loans. This increase has come into effect on April 15, 2022. Earlier, the Bank of Baroda had increased the MCLR by 5 bps for all term loans.
