Recently, the money world had a bit of a rollercoaster ride. The Sensex, a special number that shows how well the money world is doing, took a big dip. Let’s explore why this happened by looking at important events, special numbers, and how it affected countries everywhere.
Sensex Going Down: Figuring Out Why
HDFC Bank’s Q3 Results Making Trouble
The main reason for the Sensex going down was because of HDFC Bank’s report card for the third part of the year. It showed that banks were not doing great, and another special number called Nifty 50 fell a lot in just one day. This, plus some problems in the Middle East and less chance of getting more money from the Fed, made people who invest money feel not so happy.
Worldwide Effects
This money problem didn’t just stay in India. Important numbers in other countries like Hong Kong and China went down too. Even in the US, big companies like Morgan Stanley and Goldman Sachs didn’t make as much money, and famous names like Boeing and Apple didn’t do well in the money game.
Oil Reacting
Oil, which is like a big money thermometer for the whole world, also went down. This happened because the US money got stronger, and there were fights in the Middle East making things more complicated.
What’s Happening Right Now: Checking the Latest News
News in the Middle of the Day
Around 2 pm, the Sensex was down by a lot, about 1,359.14 points, and the Nifty was also down by 383.70 points. Only five companies were doing okay, and the rest were not so happy in the money game.
Different Parts Doing Different Things
Some parts of the money world, like the Nifty Bank, had a really hard time and went down by almost 4%. But the IT part did better, going up a little by 0.6%. This shows that different parts of the money world had different adventures during this time.
News from Other Countries
In Europe, the money story was not good either. Important numbers went down a lot because some people from a group called ECB talked in a way that made others worried. Also, news from China was not great, and a special number called STOXX 600 went to its lowest point in more than a month.
Some Companies Doing Well: Highlights
Asian Paints’ Good Report
Even with all the money troubles, Asian Paints did well. They made more money, around ₹9,075 crore, and their profit went up by a lot, around 34.5%, showing they are strong even when times are tough.
Surprise Jump for ICICI Lombard
In a surprising turn, ICICI Lombard General Insurance did something special. Their money went up a lot in just one day, around 7.4%. They made a lot of profit in the third part of the year, going up by 22.4% compared to last year, showing they are good at playing the money game.
Infosys Gets a Gold Star
Infosys is like a superhero in the money world. Even with all the troubles, they are one of the top three heroes in providing IT services. Their brand value, which is like their superhero power, doubled in just five years, showing they are strong and growing even when the money world is a bit crazy.
Smart People’s Thoughts: Looking at the Road Ahead
Money Experts’ Ideas
A person who knows a lot about money, Hareesh V, said that gold might have a bit of a problem in the first part of 2024 because prices are very high. But, he also said that things happening in the US and some world problems could help gold feel better.
Big Wins for L&T
In the middle of all this money trouble, L&T, a special company that builds things, got some important jobs in India and Oman. They are building houses and other things, showing that even when money is not happy, some companies can still do good things.
Money and Stock Moving Around
The US money got stronger, and this affected the price of oil. Rahul Kalantri, who knows a lot about money, said that the US stock market going up and the weather being not too extreme in the US made oil prices go up and down a lot.
Wrapping It Up: The Big Picture
To finish, the Sensex going down and the money world having a bit of a tough time is because of many things. HDFC Bank’s report, world problems, and oil prices all played a part. Understanding different parts of the money world, like companies doing well and what smart people say, helps us see the full picture. As the money world keeps changing, it’s important for everyone to learn and change their plans to stay strong in the money game.
Answer
The recent money troubles happened because many things went wrong in the money world. One big reason was that HDFC Bank, an important bank, didn’t do well in the third part of the year. This made other important numbers, like Nifty 50, fall a lot. Problems in the Middle East and no chance of getting more money from the Fed made people who invest money feel sad.
This money trouble didn’t only stay in India; it went to other countries too. Important numbers in Hong Kong and China went down, and in the US, big companies like Morgan Stanley and Goldman Sachs didn’t make as much money. Even famous companies like Boeing and Apple had a tough time.
Oil, which is like a big money thermometer for the whole world, also went down. This happened because the US money got stronger, and there were fights in the Middle East making things more complicated.
In the middle of the day, the Sensex and Nifty numbers showed that most companies were not doing well. Some parts, like the Nifty Bank, had a really hard time and went.
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