Stock market soared, Sensex and Nifty trading intensified

Mumbai : This week the stock market started with good signs. Today, on the fourth day of the week i.e. Thursday, there is a boom in the domestic market business. In today's pre-opening session, both the stock market indices Sensex and Nifty have gained. Also, due to the strengthening of the dollar, the rupee has fallen once again today.

In today's pre-opening session, BSE Sensex rose 595.42 points to reach 77,319.50. Besides, NSE's Nifty is also trading at 23,391.65 points with a gain of 178.45 points.

Among the 30 companies listed in the Sensex, shares of UltraTech Cement, State Bank of India, IndusInd Bank, Adani Ports, Zomato, Tata Motors, ICICI Bank and Bajaj Finserv have gained the most. Shares of Hindustan Unilever, ITC, Nestle and Tata Consultancy Services have suffered the most loss. In Asian markets, Hong Kong's Hang Seng, South Korea's Kospi, China's Shanghai Composite and Japan's Nikkei were among the gainers. The American market was bullish on Wednesday.

The rupee fell by 4 paise to 86.44 per dollar in early trade on Thursday due to strengthening of the US currency dollar, continuous outflow of foreign capital and rising crude oil prices. Forex traders said that, however, positive domestic markets limited the decline in the Indian currency i.e. rupee.

The rupee opened at 86.42 per dollar in the interbank foreign exchange market. It slipped to 86.44 against the dollar after early deals, showing a fall of 4 paise over its previous close. The rupee had closed at 86.40 against the US dollar on Wednesday. Meanwhile, the dollar index, which gauges the US dollar's position against six major currencies, stood at 108.96, up 0.04 per cent.

International standard Brent crude stood at $ 82.39 per barrel with a gain of 0.44 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Wednesday and sold shares worth a net Rs 4,533.49 crore.