Share Bazaar: America was ups and downs in the market amidst concerns of India trade agreement, Sensex 171 and Nifty 54 points dropped
Share Bazaar News: The Sensex and NIFTY on Monday recorded a decline in early trade in the Asian Markets amidst the weak trend and the withdrawal of foreign capital. Experts say that there was an uproar in market in early trade amid concerns about the US-India Trade Agreement.
The 90 -day suspension period of the US fee imposed on several countries including India ends on 9 July. An additional import duty of 26 percent has been announced on Indian goods to be sent to the US. The BSE Sensex fell by 170.66 points to 83,262.23 points in early trade while NSE Nifty slipped 53.75 points to 25,407.25 points.Also Read: Share Bazaar: Stock market fluctuations in early trade, flat business in Sensex and NIFTY
Shares of these major companies fluctuate: Among the 30 companies included in the Sensex, Bharat Electronics Limited, Tech Mahindra, HCL Technologies, Eternal, ICICI Bank and Sun Pharma were in loss. The shares of Trent, Asian Paints, Hindustan Unilever, Bajaj Finserv and HDFC Bank were in profit.
In Asian and American markets: Japan’s Nikki 225, China’s Shanghai SSE Composite and Hong Kong’s Hangseng were damaged in Asian markets. South Korea’s cospy was in profit. The American markets closed with a positive attitude on Friday.
Brent Crude (Brent Crude) $ 67.87 per barrel and FII on Friday: International standard Brent crude fell by 0.63 percent to $ 67.87 per barrel. According to the stock market data, foreign institutional investors (FIIs) were selling on Friday and purely sold shares worth Rs 760.11 crore.Also Read: Share Bazaar: India America tied up with trade agreement, early trade in stock markets gains
Rupee lost 26 paise to 85.66 per dollar in early trade: The rupee fell by 26 paise to 85.66 per dollar on Monday between the withdrawal of foreign capital and a weak start of domestic stock markets. The US has extended pressure to make new agreements before July 9 and threatened the countries that the US may apply high fees from the US to make new agreements before July 9. This will further pressure the rupee.Also Read: Share Bazaar: Stock market gains due to buying in Reliance and HDFC Bank, Sensex 91 and NIFTY 25 points
Rupee opened at 85.53 against US dollar: The rupee opened at 85.53 against the US dollar in the interbank foreign currency exchange market. Later, it came to 85.66 per dollar, showing a decline of 26 paise in the previous closed price. The rupee closed at 85.40 against the dollar on Friday. Meanwhile, the dollar index, depicting the US dollar position against 6 major currencies, fell 0.10 percent to 97.08. (Language)
Edited by: Ravindra Gupta
