On Monday, the domestic equity market indexes BSE Sensex and Nifty 50 were trading lower, tracking the global markets. The BSE Sensex was trading around 58,050, while the Nifty 50 index was down 17,350 points. Among the top BSE Sensex losses were HCL Tech, Reliance Industries Ltd (RIL), ICICI Bank, Nestle India, Infosys, Tech Mahindra, and Bajaj Finance.
According to a study conducted by industry organisation FICCI, the forecast for expanded industrial activity in the second quarter of this fiscal year has substantially improved, despite growing costs of doing business and output.
According to the FICCI’s newest quarterly survey (Q2) on manufacturing, business respondents have characterized the rise in production expenses primarily to high fixed costs, higher overhead prices for ensuring security protocols, and a severe reduction in volumes due to lockdown.
