Share Market Opening: Indian stock market fell after Diwali, Sensex fell by 384, Nifty also slipped by 102 points.
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Share Market Opening: Indian stock market fell in pre-opening after Diwali amid weak signals from the global market. BSE’s 30-share Sensex fell 318.75 points to 64,940.70 in early trade. Nifty slipped 82.8 points to 19,442.75. Among Sensex companies, shares of Bajaj Finance, Infosys, ICICI Bank, Nestle, Kotak Mahindra Bank and Asian Paints were in loss. Shares of NTPC, IndusInd Bank, Sun Pharma and Power Grid were in profit. In other Asian markets, South Korea’s Kospi, China’s Shanghai Composite and Hong Kong’s Hang Seng were in loss. Whereas Japan’s Nikkei remained in profit. American markets closed on a positive note on Friday. The stock markets were open for Muhurat trading for one hour on 12th November on the occasion of Diwali. This session also marks the beginning of a new era. Trading in ‘Muhurat’ or auspicious time is believed to bring prosperity to the stakeholders. The Hindu calendar year starts from Diwali, which is called Samvat. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 190.06 crore on Sunday.
Sensex fell by 384 points till 10.45 am
After the good performance of the Indian stock market in Muhurta trading, it was expected that the Indian stock market could perform well today. But by 10.45 am, the 30-share BSE Sensex fell by around 384 points. Whereas, Nifty was trading at 19,424.85, falling 100.07 points or 0.52 percent. Let us tell you that on Friday, rating agency Moody’s Investors Service has reduced its rating outlook for the US government from ‘stable’ to ‘negative’. On Wall Street, the Dow Jones Industrial Average closed 1.15 percent higher, the S&P 500 closed 1.56 percent higher, and the Nasdaq Composite rose 2.05 percent. Meanwhile, today some companies have declared their September quarter results. This includes Grasim Industries, Narayana Hridayalaya, Manappuram Finance, NRB Bearings etc.
Rupee falls by four paise at 83.32 per dollar in early trade
Amid negative trend in domestic markets, the rupee fell by four paise at 83.32 against the US dollar in early trade on Monday. Foreign exchange traders said that the continuous withdrawal of foreign funds also had an impact on the domestic currency. The rupee opened at 83.31 against the dollar in the interbank foreign exchange market. Later it reached 83.32, which is a fall of four paise from the previous closing price. The rupee had closed at 83.28 against the American currency on Friday. Meanwhile, the dollar index, which reflects the position of the US dollar against six major currencies of the world, declined by 0.04 percent to 105.82. Global oil benchmark Brent crude was trading 0.93 percent lower at $80.67 per barrel.
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