STOCK MARKET

Stock market news: Rushil Decor shares gain for the second consecutive day- details here

The counter opened at Rs 34.67 on the BSE today and gained further to touch the high of Rs 35.22 on the BSE.

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Stock market news: Shares of Rushil Decor gained for the second consecutive day today and has risen 4.36 per cent in the period. The counter opened at Rs 34.67 on the BSE today and gained further to touch the high of Rs 35.22 on the BSE. This is a gain of around 3.68 per cent from the previous close of Rs 33.98. The 52-week high of the counter is Rs 45.50 and the 52-week low of the scrip is Rs 27.64.

Meanwhile, shares in China slumped on Wednesday as details of economic stimulus plans from officials in Beijing failed to live up to investors’ expectations, while other markets in Asia rose. Stocks in Hong Kong fluctuated between gains and losses, with the Hang Seng Index falling by 2.4 per cent to 20,418.61. This decline followed a plunge of over 9 per cent on Tuesday as traders sold off shares after recent rallies.

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“A lack of new stimulus has been the cause of disappointment, with many market participants hoping that its fiscal policies will follow in the footstep of the financial bazooka’ delivered in late-September, but there was clearly a step-down in yesterday’s announcement,” Yeap Jun Rong of IG said in a commentary.
The Shanghai Composite lost 5.1 per cent to 3,311.02 after it gained 4.6 per cent Tuesday, reopening from a national holiday. The CSI300 Index, which tracks the top 300 stocks traded in the Shanghai and Shenzhen markets, gave up 5.6 per cent.

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