weeks The Stock Market has got off to a weak start on Monday. In early trade, the BSE Sensex is trading at 61,229.60 points, down 433.88 points. At the same time, the NSE Nifty fell 115.75 points to open at 18,191.90 points. Out of 30 stocks included in the Sensex, only 4 are seeing a boom. At the same time, 30 stocks are trading in the red mark. Due to the removal of duty, there is a boom in metal stocks today. Shares of TATASTEEL, BHARTIARTL, ULTRACEMCO, AXISBANK and SUNPHARMA are seeing a boom in the first trading session.
Shares of these companies declined
Bajaj Finance, Mahindra & Mahindra, Bajaj Finserv, ITC, Reliance Industries, Tech Mahindra, HDFC, Infosys, Tata Consultancy Services and Nestle were among the major losers on the Sensex. On the other hand, Axis Bank, Bharti Airtel, Maruti, Hindustan Unilever and Tata Steel gained. In other Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were in the red. According to the provisional data of the stock market, foreign institutional investors (FIIs) sold shares worth Rs 751.20 crore on a net basis on Friday. Meanwhile, the rupee depreciated 12 paise to 81.86 against the US dollar in early trade on Monday amid strength in the US dollar in overseas markets and sluggishness in domestic equity markets. At the Interbank Foreign Exchange market, the rupee opened at 81.84 against the dollar and then declined further to 81.86. Thus, the rupee depreciated by 12 paise compared to its previous closing price. The rupee had lost 10 paise to close at 81.74 against the American currency on Friday. Meanwhile, the dollar index, which gauges the US dollar’s position against a basket of six major currencies, rose 0.25 per cent to 107.19. Experts said fall in crude oil prices may limit the rupee’s weakness. Global oil index Brent crude futures were down 1.08 per cent at $86.67 a barrel.
There was a boom in the global market
There was a boom in the European market including America. On Friday, the US market was up 200 points i.e. 0.59% in Dow Jones, 1.11% in Nasdaq and 0.48% in S&P 500. At the same time, on Friday, the Sensex closed at a level of 61,663 with a fall of 87 points. There was a decline in 20 out of 30 Sensex stocks. Today all the sectoral indices of the market are trading in the red mark of decline. Maximum weakness of 1.03 per cent is seen in IT stocks and 0.98 per cent in realty stocks. Consumer durables index is down by 0.45 per cent and metal stocks are down by 0.73 per cent.
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