Mumbai. Under pressure from private banks and financial companies, domestic stock markets witnessed a decline in early trading on Tuesday. BSE’s 30-share sensitive index Sensex opened with a fall of 79.48 points at 83,197.67 points. It was down 1.96 points from the trading day at 83,275.19. Similarly, the Nifty-50 index of the National Stock Exchange fell 44.80 points and opened at 25,634.95 points. At the time of writing, it also fell by 28.45 points or 0.11 percent to 25,659.30 points.
The macro market was bullish and the indices of medium and small companies were up. Indices of IT, chemical, pharma, public sector bank, and FMCG groups were in the rise while indices of metal, private bank, realty and oil & gas groups were in the decline. Among Sensex companies, shares of ICICI Bank, Reliance Industries, HDFC Bank, Eternal and Kotak Mahindra Bank were in the red. Infosys, ITC, TCS L&T and HCL Technologies are currently on the rise.
Rupee rises by one paise at 90.73 per dollar in early trade
The rupee rose by one paise to 90.73 against the US dollar in early trade on Tuesday. The fall in global crude oil prices boosted the domestic currency. Forex traders said a stronger dollar and foreign capital outflows, however, limited the local currency’s gains. The rupee opened at 90.72 against the US dollar in the interbank foreign exchange market. However, it later slipped to 90.73 per dollar, which shows an increase of one paisa from the previous closing price.
The rupee fell eight paise to close at 90.74 against the US dollar on Monday. Meanwhile, the dollar index, which gauges the US dollar’s position against six major currencies, stood at 97.14, up 0.23 per cent. In the domestic stock markets, Sensex fell 245.87 points to 83,031.28 points in early trade while Nifty slipped 106.45 points to 25,576.30 points.
The price of international standard Brent crude fell by 0.47 percent to $ 68.33 per barrel. According to stock market data, foreign institutional investors (FIIs) were sellers on Monday and sold shares worth Rs 972.13 crore.
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