Share Market Update: Turmoil continues in the stock market, Sensex fell by 128 points, Nifty also in red.
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Share Market Opening: Amid weak signals from the global market, there was a rise in the Indian stock market pre-opening. However, within some time the market fell drastically. This decline was seen in both the indices. BSE’s 30-share Sensex rose 118.2 points to 67,020.11 in early trade. Nifty rose 39.55 points to 20,136.15. Both the indices later lost early gains and were trading lower. Sensex fell 214.84 points to 66,687.07 and Nifty slipped 55.80 points to 20,040.80. After this, till 11 am, improvement was seen in both the indices. BSE Sensex fell 0.19 percent or 128.70 points to 66,773.21. Whereas, Nifty was trading at 20,078.50, falling 0.090 percent or 18.10 points. However, investors had high expectations from the listing of four big companies today.
Profit found in these companies
Among Sensex companies, shares of UltraTech Cement, Mahindra & Mahindra, Axis Bank, Wipro, Hindustan Unilever, Sun Pharma, Kotak Mahindra Bank and Larsen & Toubro were among the gainers. Shares of Tata Steel, Reliance Industries, Tata Motors and NTPC remained in loss. In other Asian markets, China’s Shanghai and Hong Kong’s Hang Seng were in profit, while South Korea’s Kospi and Japan’s Nikkei were in loss. American markets closed with a decline on Wednesday. Global oil benchmark Brent crude was trading 0.18 percent down at $82.95 per barrel. According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 71.91 crore on Wednesday.
Rupee rises by 2 paise at 83.30 per dollar in early trade
The rupee maintained its rise for the third consecutive day and rose by two paise to 83.30 against the US dollar in early trade on Thursday. The positive trend of stock markets and continued inflow of foreign funds boosted the Indian currency. Foreign exchange traders said that before the important meeting of oil producing countries OPEC Plus, the prices of crude oil have crossed US $ 82 per barrel. Due to this, the growth of the Indian currency was limited. In the interbank foreign exchange market, the rupee opened at 83.31 against the dollar. Then it traded between 83.29 to 83.32 per dollar. After this, it remained at 83.30 against the American currency, which is an increase of two paise from the previous closing price. The rupee had closed at 83.32 against the US dollar on Wednesday. Meanwhile, the dollar index, which reflects the position of the US dollar against six major currencies of the world, fell by 0.02 percent at 102.78. Global oil benchmark Brent crude was trading 0.18 percent down at $82.95 per barrel. According to stock market data, foreign institutional investors (FIIs) bought shares worth Rs 71.91 crore on Wednesday.
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