Stock market without Jhunjhunwala!?
India's Warren Buffett.. How will the first day begin after the sudden death of Rakesh Jhunjhunwala, known as the rocky of the domestic stock market? How the stock market reacts. What is the condition of the companies in which he has invested heavily? It is known that the session is open today with lots of questions. Rakesh Jhunjhunwala's sudden death on sunday (August 14) morning shocked the entire nation.
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Common people may not know him but many people know him. monday August 15 is a holiday for the stock market. With this.. there are many doubts about the stock market which started on the second day of his death. Will the shares of the companies he has heavily invested in be affected? Will the stock market suffer shocks due to this? The stock market gave an answer to those doubts today.
The stock market indices closed in gains today. Domestic data led the markets. Market sentiment strengthened as retail and wholesale price inflation eased slightly and foreign investors reinvested. As a result, the indices ran in profit throughout the day. By the end of trading Nifty was above 17800. Sensex started at 59675 points and closed at 59923 after taking profits.
Jhunjhunwala's investments in the up-tech share also ended with a slight loss. The stock, which closed at 233.90 on Friday, was subject to morning fluctuations. At one stage it fell to 222.35. It fell to 219.5 by 11 am.
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But eventually recovered to close at 232.30. That is.. It should be said that the death of Jhunjhunwala did not have a big impact on this share. Similarly, the prices of the shares he invested in were not affected much. It should be said that his death did not put any brakes on the aggressiveness of the stock market.
