Mumbai : Even before Diwali arrives, the trend of the stock market seems to be changing. There has been a lull in the market for the last few days. Even after the quarterly results of some big companies have come out, the market trend appears to be soft. Today, business was full of ups and downs in the pre-opening session. Investor sentiment was affected due to continuous outflow of foreign capital due to which the indices soon lost their initial gains.
In today's pre-opening session, both the indices of the domestic market have shown a slight rise. Sensex has risen 177.84 points in early trade to reach the level of 80,259.82 points. Besides, an increase of 45.15 points has also been seen in Nifty, after which it has reached the level of 24,480.65 points. However, the indices soon faced selling and started trading lower.
Condition of Sensex listed companies
Among the 30 companies listed in the Sensex, Hindustan Unilever's shares have declined by more than 5 percent. Shares of Nestle, ICICI Bank, Bharti Airtel, Bajaj Finserv and Maruti also remained in the red. Shares of Mahindra & Mahindra, HDFC Bank, UltraTech Cement, Sun Pharma, Power Grid and HCL Tech have seen a rise.
Read this also:- The trend of falling stock market is not stopping, the market closed on the red mark.
rupee remained stable
The rupee remained stable at 84.07 against the US dollar in early trade on Thursday. However, signs of improvement in domestic stock markets provided some support to the local currency, Forex traders said. The rupee opened at 84.06 per dollar in the interbank foreign exchange market. It fell by 1 paise after early deals to reach 84.07 per dollar, which is equal to its previous closing price.
results of foreign markets
In Asian markets, South Korea's Kospi, China's Shanghai Composite and Hong Kong's Hang Seng were in loss while Japan's Nikkei 225 was in gain. US markets closed with a negative trend on Wednesday.
How was the rupee trading on Wednesday?
The rupee had closed at 84.07 against the US dollar on Wednesday. Meanwhile, the dollar index, which gauges the US dollar's position against six major currencies, stood at 104.20, up marginally 0.07 per cent at 104.20.
buy shares at this price
International standard Brent crude stood at $ 75.90 per barrel with a gain of 1.25 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Wednesday and sold shares worth a net Rs 5,684.63 crore. Whereas domestic institutional investors i.e. DIIs bought shares worth Rs 6,039.90 crore.
(with agency input)
Comments are closed.