Business

Sensex opened up 135 points but fell 200 points under selling pressure Sensex opened up 135 points but fell 200 points under selling pressure

Photo:PTI

Sensex

Highlights

  • ITC, Tech Mahindra, Bajaj Finserv, Bajaj Finance, PowerGrid and Axis Bank gained
  • Selling signs in UltraTech Cement, Maruti, Tata Steel, Asian Paints and HDFC
  • Dollar buying by banks put additional pressure on rupee which caused weakness

Mumbai. The benchmark Sensex climbed over 135 points in early trade on Tuesday led by gains in major stocks such as ITC, Tech Mahindra and Bajaj Finserv amid a largely positive trend in global markets. However, the Sensex fell 200 points under selling pressure. Similarly, Nifty fell by 69.40 points to reach 18,238.70.

ITC, Tech Mahindra, Bajaj Finserv, Bajaj Finance, PowerGrid and Axis Bank were also among the top gainers in early trade. On the other hand, UltraTech Cement, Maruti, Tata Steel, Asian Paints and HDFC were in the red. The Sensex rose 85.88 points or 0.14 per cent to 61,308.91 in the previous session, while the broader NSE Nifty ended 52.35 points or 0.29 per cent higher at 18,308.10. In other Asian markets, Shanghai, Hong Kong and Tokyo were trading higher, while Seoul saw a decline in mid-session deals. Meanwhile, international oil benchmark Brent crude rose 1.20 per cent to $87.52 a barrel. Foreign institutional investors (FIIs) sold shares worth Rs 855.47 crore on a gross basis on Monday, according to provisional data from the stock market.

Rupee breaks 18 paise against US dollar

The rupee on Tuesday fell 18 paise to 74.43 against the US dollar in early trade as a firmer US currency and rise in crude oil prices affected investor sentiments. Forex traders said slowdown in the domestic equity market and dollar buying by banks from importers put additional pressure on the local currency. In the interbank foreign exchange market, the rupee opened weak at 74.36 against the US dollar, and then declined to 74.43, showing a fall of 18 paise over the previous closing price.

The rupee on Monday closed down 10 paise at 74.25 against the US dollar. Meanwhile, the dollar index, reflecting the US dollar’s position against the six major currencies, rose 0.11 per cent to 95.36. International oil benchmark Brent crude futures were up 0.94 per cent at $87.29 per barrel. Foreign institutional investors (FIIs) sold shares worth Rs 855.47 crore on a gross basis on Monday, according to provisional data from the stock market.

!function (f, b, e, v, n, t, s) {
if (f.fbq)
return;
n = f.fbq = function () {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);
};
if (!f._fbq)
f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s);
}(window, document, ‘script’, ‘//connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1684841475119151’);
fbq(‘track’, “PageView”); .

Leave a Reply

Your email address will not be published.

Related Posts

Keep these things in mind while taking Health Insurance Policy | हेल्थ इंश्योरेंस लेते समय इन बातों का रखें खास ध्यान, वरना क्लेम सेटलमेंट में होगी परेशानी

क्लेम सेटलमेंटकोई हेल्थ इंश्योरेंस लेते समय सबसे क्लेम सेटलमेंट पर […]

Stock Market की फ्लैट शुरुआत, सेंसेक्स 53 हजार के करीब, निफ्टी 15,800 के पार निकला Flat start of stock market, Sensex close to 53 thousand, Nifty crossed 15,800

Photo:FILE sensex Stock Market: हफ्ते के पहले कारोबारी दिन सोमवार […]

pan aadhaar card neccesary for transactions of rs 20 lakh | बैंक के नियमों में हुआ बड़ा बदलाव, लेनदेन के लिए ये चीजें जरूरी

ये रहा नया नियममोदी सरकार ने एक वित्त वर्ष में […]

Keep these things in mind while taking Health Insurance Policy | हेल्थ इंश्योरेंस लेते समय इन बातों का रखें खास ध्यान, वरना क्लेम सेटलमेंट में होगी परेशानी

क्लेम सेटलमेंटकोई हेल्थ इंश्योरेंस लेते समय सबसे क्लेम सेटलमेंट पर […]