Sensex flat, Nifty below 10,700; rupee wipes out gains, Dr Reddy's top gainer

The market erased all its opening gains to trade lower despite strong global cues, pulled down by HDFC Bank that fell 2 percent on profit booking.

The Sensex is down around 100 points and the Nifty slips below 10,700 while the Nifty Bank index falls 200 points.

HDFC, TCS and FMCG stocks are under pressure while Reliance Industries, Infosys, ICICI Bank supported the market.

Dr Reddy's Labs is the top gainer among Nifty50 stocks, rising nearly 3% after getting zero observations for Srikakulam plant from USFDA.

Reference By- https://www.moneycontrol.com/news/business/markets/market-live-sensex-flat-nifty-below-10700-rupee-wipes-out-gains-dr-reddys-top-gainer-2581839.html

weekly Market Update- Investor's get 41% in 4 years of Modi Government

Today, Modi Government completed its  4 years. The domestic stock market has outperformed the world's market ratios In these 4 years. Meantime Sensex has risen 41 percent, while Nifty has gained around 43 percent. At the same time, investors get returns up to 1100% in shares. Apart from economic reforms in 4 years like tax reforms like GST, Demonetization, long-term capital gains tax, PSU bank recap plan and other reforms have also influenced the stock market. Experts say that the average of last 4 years has been better for investors. But there are many big challenges facing the market in the upcoming year. Growth in crude, weak rupee, sluggish economic reform, haware valuation and weakening the interest of foreign investors are a big challenge. 

If we are talking about 4 years so Sensex increased 41 percent, On May 26, 2014, the Sensex was at 24716, which reached the level of 34924 on May 25, 2018. On January 29, 2018, the Sensex made its all-time high of 36443. Meanwhile, the Nifty showed 43 percent growth during this period. Meantime, in January 2018, the Nifty crossed the 11,000 mark for the first time. In the fourth year of the Modi government, the BSE Sensex has given returns of 11.67 percent, Which was 17.67 percent in the third year. In the first year, BSE got 11.4%, while in the second year it was declined 423%.

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