The trend of decline is not stopping, clouds of recession are again looming over the market.

Mumbai : Who knows who has caught the eye of the Indian stock market, because the trend of falling of the market is continuing. For the past several days, there has been a recessionary cloud over the stock market which is showing no signs of going away. Today once again a decline has been seen in the opening trade of the domestic market. A huge decline is being seen in both the major indices of the market in the pre-opening session. However, a good news is definitely coming from the currency exchange market, which has shown that the rupee has strengthened.

In today's early trading, BSE Sensex fell by 156.72 points and reached the level of 77,423.59 points. Besides, NSE's Nifty has also slipped by 64.25 points and reached the level of 23,468.45 points.

improvement in local currency

Despite the strengthening of the US dollar and continuous withdrawal of foreign capital in early trading on Monday, the Indian Rupee has emerged from its lowest ever level and has gained 8 paise and after this gain it has reached 84.38 per dollar. Has gone. Foreign exchange traders have informed that the decline in crude oil prices in the international market supported the improvement in the local currency. The rupee opened at 84.42 per dollar in the interbank foreign exchange market.

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Rupee at lowest level till date

After initial deals, it reached 84.38 per dollar, which shows an increase of 8 paise over the previous closing price. The rupee had closed at its all-time low of 84.46 against the US dollar on Thursday. Foreign exchange markets were closed on Friday on the occasion of Guru Nanak Jayanti.

Meanwhile, the dollar index, which gauges the US dollar's position against six major currencies, stood at 106.68, up 0.06 per cent. International standard Brent crude stood at $ 71.40 per barrel with a gain of 0.51 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Thursday and sold shares worth a net Rs 1,849.87 crore.

(with agency input)