Mumbai : In the last trading session before Diwali, the momentum of the Indian stock market seems to be slowing down. For the fourth consecutive day, a decline has been recorded in both the major indices of the domestic market in the pre-opening session. As soon as the market opened today, there was a huge fall in stocks related to IT and automobile. It is being told that this pace has slowed down further due to profit recovery.
In the early trading of the stock market, BSE Sensex fell by 570.45 points and reached the level of 80,436.16 points. Besides, NSE's Nifty has also slipped by 178.3 points and reached the level of 24,571.55 points.
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Rupee falls by 1 paise
The rupee fell by 1 paise to 84.07 per dollar in early trade on Friday. Foreign exchange traders said that the continuous withdrawal of foreign capital has also put pressure on the local currency. At the interbank foreign exchange market, the rupee opened at 84.06 per dollar in early trade and then touched 84.07 per dollar in early deals, showing a decline of 1 paise over its previous close. The rupee had closed at 84.06 against the US dollar on Thursday. Meanwhile, the dollar index, which gauges the US dollar's position against six major currencies, was down 0.11 per cent at 103.59.
stock trading
International standard Brent crude was up 0.21 percent at $ 74.61 per barrel. According to stock market data, foreign institutional investors (FIIs) were sellers on Thursday and sold shares worth a net Rs 7,421.40 crore.
(with agency input)
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