The domestic stock market opened with a decline on Monday amid global signals. The BSE Sensex was trading at the level of 81,201.84 at 9.21 am, down 261.25 points at 81,201.84. Similarly, NSE Nifty also fell 70.4 points to trade at 24,766.60. Monday’s business saw a mixed trend on Nifty. Shares like Tata Motors, Cipla, Tata Steel, Hindustan Unilever (HUL) and Bajaj Finserv showed strength and were among the major benefits.
These legendary shares decline
On the other hand, legendary shares like Kotak Mahindra Bank, Tata Consultancy Services, Jio Financial, Bajaj Finance, HCL Tech and Titan Company recorded a decline, causing these major losses. Looking at the sectors, the realty index fell by 2 percent, the private bank, 1 percent, IT and bank had a decline of 0.5–0.5 percent, while auto, oil and gas, PSU bank saw an increase of 0.5–0.5 percent.
Indian rupee strong 9 paise
On Monday, the Indian rupee reached 86.43 with a strong 9 paise to 86.43 due to a US dollar weakness in early trade. According to PTI news, however, the rupee was limited due to the uncertainty of tariff negotiations between Indo-US. According to Forex Traders, the rupee is trading within a limited range as there is a demand for dollars from importers, giving support to American currency.
The support from trade agreements weakened due to the frequent exit of foreign capital. The rupee opened with a positive attitude in the interbank foreign exchange market and touched a level of 86.43 against the dollar in early deals, showing a 9 paise lead compared to the previous closed price.
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