The Indian stock market has returned to its glory on Tuesday. On November 21, trading in the Indian stock market is in the green. The stock market was in decline for the second consecutive day, after which the market has returned to the market on Tuesday and relief is being seen on the faces of the investors. Due to the prosperity in the international stock market, the market in India is doing good business. Today, Reliance Industries and HDFC have gained in the market, due to which the market has strengthened. Shares of these companies have opened with upper level.
Amidst the strong trend in global markets, local stock markets opened with gains on Tuesday after two days of decline. The market also got support from buying in Reliance Industries and HDFC Bank. BSE’s 30-share Sensex rose by 268.31 points to reach 65,923.46 points in early trade. National Stock Exchange’s Nifty was trading at 19,779.10 points with a gain of 85.1 points.
Among Sensex companies, shares of JSW Steel, Tata Steel, Titan, Reliance Industries, HDFC Bank and Infosys were among the gainers. Whereas shares of Larsen & Toubro, Maruti, Nestle and Hindustan Unilever were trading in loss. In other Asian markets, South Korea’s Kospi, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng were among the losers. US markets closed with gains on Friday. Global oil benchmark Brent crude was trading 0.44 per cent lower at $81.96 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 645.72 crore on Monday.
Rupee also got an increase
The rupee rose by six paise to 83.32 per dollar in early trade on Tuesday amid a strong trend in the local stock market and weakness in the American currency in the foreign market. Forex traders said the rupee had fallen to a record low on Monday despite widespread dollar weakness. The rupee opened at 83.33 against the dollar in the interbank foreign exchange market. After this it reached 83.32 per dollar. This is an increase of six paise compared to the previous closing level. The rupee had closed at its all-time low of 83.38 per dollar on Monday.