Boom in pre-opening market on the first day of the week, Reliance Industries results to be released

Mumbai : There is a surge in the initial trading of the stock market on Monday. On the very first day of the week, there are signs of bullishness in both the major indices of the pre-opening market. In today's early trade, Sensex is showing a gain of more than 200 points and NSE's Nifty is showing a gain of more than 50 points today. Apart from this, a rise in the rupee can also be seen against the US dollar in the currency exchange market.

In early trading on Monday, BSE Sensex rose by 236.13 points and reached the level of 81,617.49 points. Besides, NSE's Nifty has also increased by 72.50 points to reach the level of 25,036.75 points.

Condition of Sensex companies

Among the 30 Sensex companies, major gainers were Larsen & Toubro, Tech Mahindra, JSW Steel, HDFC Bank, Adani Ports and Special Economic Zone, IndusInd Bank, NTPC and Infosys. The major loss making companies were Axis Bank, Bajaj Finance, UltraTech Cement, Maruti Suzuki India, Tata Consultancy Services i.e. TCS, Asian Paints, Nestle India and Hindustan Unilever Limited.

all time lowest level

The rupee recovered from its all-time low and strengthened by 5 paise to reach Rs 84.05 against the US dollar in early trade on Monday. This fall in the rupee was recorded due to the rise in crude oil prices and the perception of risk reduction in the market due to strengthening of the dollar.

Local currency at low level

Forex traders said there was significant outflow of foreign capital and crude oil prices rose by about 10 percent due to the impact of Hurricane Milton on US production and tensions between Israel and Iran in West Asia. However, the local currency has received support at lower levels due to the intervention of the Reserve Bank of India i.e. RBI and record high reserves.

dollar trade

In the interbank foreign exchange market, the rupee opened at 84.06 per dollar in early trade and then in early deals it reached 84.05 per dollar, which shows an increase of 5 paise over the previous closing price. The rupee fell 12 paise to close at 84.10 against the US dollar on Friday.

sell shares at this price

According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 4,162.66 crore on Friday, while domestic institutional investors (DIIs) bought shares worth Rs 3,730.87 crore.

Asian market situation

In Asian markets, South Korea's Kospi, Japan's Nikkei and China's Shanghai Composite were in 225 gains, while Hong Kong's Hang Seng was in loss. American markets closed with a positive trend on Friday. Global oil benchmark Brent crude fell 1.09 percent to $78.18 per barrel.

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(with agency input)