Sluggish market before GDP figures, Nifty at 13000 mark level

The government will release Gross Domestic Product (GDP) data for the second quarter of this financial year 2020-21, ie for the quarter ending in September, today on Friday.

Sluggish market before GDP figures

 and SBI fell in early trade on the BSE index. If we talk about the rising stocks, shares of NTPC, Asian Paint, Bajaj Auto, Tech Mahindra and Maruti have recorded an increase.  

Recession for the first time in history 

Most economists and rating agencies have projected GDP to fall from 5 to 10 per cent in the September quarter. That means technically there will be a slowdown in India. The Indian economy has fallen by about 24 percent in the June quarter.

SEBI’s strict
market regulator in DHFL Sebi has imposed a fine of Rs 10 lakh on a person for indulging in insider trading in shares of Dewan Housing Finance Limited (DHFL). SEBI said that a person named Amit Sahni had professional and personal relationships with the promoters and directors of DHFL.As per the SEBI order, the regulator found that Sahni sold his entire stake in DHFL on January 29, 2019. This step was done before the big scam related to the promoters of DHFL. According to the regulator, he saved himself from losses of more than Rs 27,000 by selling shares.