In the initial trade today, the key benchmark indices were able to slightly recover from losses after they were found slipping into the red when they opened higher. The barometer index shows that the S&P BSE Sensex went down by 0.03% or 9 points and they index experienced a loss of 86.63 points at the early trade of the day. Also, the index went up to 73.42 points during the day’s high.
The market breath that indicates the health of the market was overall strong that on BSE, there were 1,044 shares that rose and only 322 shares fell which means that out of the provided numbers, there were 42 shares that stayed unchanged.
The market is still low amid volatility of stocks because of what’s currently happening in Asia. Most of the Asian stocks today declined because of the unrest in Hong Kong wherein pro-democracy protestors and police had clashed in the Chinese City.
Taiwan, Singapore, Indonesia and Hong Kong key benchmark indices were off 0.13% to 1.93%. On the other hand, China, South Korea and Japan key indices went up 0.09% to 0.43%.
On Friday, the U.S. stocks ended higher because of the second-quarter GDP read that indicated that the country’s economy grew very fast in 2.5 years.
