Mumbai : Good signs are visible in the stock market today. Today, a rise can be seen in both the major indices of the domestic market in the pre-opening session. Sensex and Nifty have come out of the red danger mark today and have reached the green mark.
Today the Sensex has risen 168.79 points in early trade to reach the level of 80,389.51 points. Besides, Nifty has also reached the level of 24,518.30 points with an increase of 46.2 points.
Out of 30 companies listed in Sensex, more than 3 shares of Bajaj Finance are seeing gains. Apart from this, shares of Bajaj Finserv, HDFC Bank, Nestle, Kotak Mahindra Bank, Tata Consultancy Services and Maruti have been the biggest gainers. A decline has been seen in the shares of NTPC, Power Grid, Mahindra & Mahindra and UltraTech Cement.
In Asian markets, South Korea's Kospi, China's Shanghai Composite and Hong Kong's Hang Seng were in profit while Japan's Nikkei 225 was in loss. American markets closed flat on Tuesday.
The rupee gained one paise and remained almost flat at 84.07 against the US dollar in early trade on Wednesday. The strengthening of the US currency and the continued withdrawal of foreign capital have put pressure on the local currency. Forex traders said that the declining trend in domestic stock markets and the rise in crude oil prices also affected the Indian currency.
In the interbank foreign exchange market, the rupee opened with a gain of one paise at 84.07 per dollar and remained stable in early trade. The rupee had closed at 84.08 against the US dollar on Tuesday. Meanwhile, the dollar index, which gauges the US dollar's position against six major currencies, stood at 103.97, up 0.06 per cent.
International standard Brent crude fell 0.21 percent to $ 75.88 per barrel. According to stock market data, foreign institutional investors (FIIs) were sellers on Tuesday and sold shares worth a net Rs 3,978.61 crore. Domestic institutional investors (DIIs) bought shares worth Rs 5,869.06 crore.
(with agency input)
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