Innovative Things Happening With Tiktok ban effect in the stock market

Tiktok and other 58 Chinese apps were bans in India on 29 June 2020. We all know the exchange keeps growing up and down. 

But the bans on Tiktok and other 58 Chinese apps have had an immediate impact on the Indian securities market. Some companies gain benefits from these apps being banned and a few some companies suffered losses.

How Tiktok Effect on Indian Stock Market

Tiktok didn't have market shares of his own. But many Chinese companies import and export the merchandise together with Indian companies. We all know that true situation on the border between India and China isn't going well. That's why India has banned some Chinese apps. Because of this situation Indian companies are using alternatives to Chinese companies. And Indian citizens are  not buying shares of Indian companies that have any relations with Chinese companies.

Here are some companies shares data after banned TikTok in India

Vodafone Idea Ltd

Vodafone company is down falling by (-2.33%)

Bharti Airtel Limited

Eventually, Airtel just like the company should to suffer loss. Its shares down falling by (-1.30%)

Info Edge (India) ltd

Shares of Info edge also down falling by (-2.88%)

Tata Power Company limited

Eventually, the Tata company has got to suffer a loss. Its shares downfall by (-2.30%)

HDFC Bank ltd

HDFC Bank shares also downfall by (-0.92%)

UPL Ltd Fully Paid Ord.

UPL just like the like the company also faces some down falling in its shares (-2.03%)

Insecticides India Ltd

Insecticides shares are down falling by (-3.10%)

Dhanuka Agritech Ltd

Dhanuka shares also downfall (-1.39%)

Raills India Limited

Raills company facing the identitcal problem as other companies (-1.55%)

However, this case in India are often overcome by Indian companies.

Here a number of my articles on investment

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