The domestic stock market on Friday opened with a boom regardless of the US tariff bomb. The BSE Sensex was seen trading with a jump of 150.08 points at 9.16 am. Similarly, the Nifty also showed trading with a gain of 45.7 points. Midcap and smallcap stocks are getting limited movement, where BSE midcap and smallcap index are almost stable trading. Talking about sectoral performance, the FMCG index has recorded a strong growth of 1%, while the auto sector is under pressure and its index is trading with a decline of 0.6%.
Top gainer and top loser stocks
At the beginning of today’s business, Nifty has emerged as Kotak Mahindra Bank, Jio Financial, Tata Steel, TCS and Asian Paints Top Gainers, while Sriram Finance, Apollo Hospitals, Titan Company, L&T and ICICI are among the major loosers.
Rupee fell 18 paise to 87.76
On Friday, the rupee fell 18 paise to 87.76 in early trade due to frequent withdrawal of foreign capital and demand for dollar at the end of the month. According to PTI news, the Interbank opened at 87.73 against the US dollar in the foreign exchange market, then to 87.76, which shows a decline of 18 paise in the previous closed price. On Thursday, the rupee rose 11 paise to close at 87.58 against the US dollar. Foreign currency traders said that the rupee is under constant pressure as the weakness from Trump’s tariff is competing with the softening of the US dollar, which has brought some relief to the local currency.
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