Podknife - 2738: Taking Stock: Fear of spike in bad loans leads to profit taking; Nifty holds 11,100 by Moneycontrol Podcast

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2738: Taking Stock: Fear of spike in bad loans leads to profit taking; Nifty holds 11,100

Podcast |: Moneycontrol Podcast
Publisher |: moneycontrol
Media Type |: audio
Podknife tags |: Business,; Business News,; Investing,; Stock Market
Categories Via RSS |: Business
Publication Date |: Jul 27, 2020
Episode Duration |: 00:03:59

Weak global cues, rise in COVID-related cases, and expectations of a surge in bad loans in 2020 led to profit booking on D-Street. The S&P BSE Sensex fell nearly 200 points to close below 38000 while the Nifty50 managed to hold on to 11,100. Let’s look at the final tally on D-Street – the S&P BSE Sensex fell 194 points to 37,934 while the Nifty50 closed 62 points lower at 11,131.

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