Share Bazaar: Continuous flow of foreign funds opened with stock market gains, Sensex 387 and NIFTY 114 points open
Share Bazaar News: Local stock market (US markets.) Opened on Monday amidst the continuous flow of foreign funds, heavy fall in crude oil prices and strengthening trend in US markets. BSE’s 30 -share Sensex rose by 386.95 points to 80,888.94 points in early trade. The National Stock Exchange’s Nifty was trading at 24,460.75 points with a gain of 114.05 points.
Shares of these major companies fluctuate: Sensex companies were in the share of Adani Ports, Asian Paints, Bajaj Finserv, Tata Consultancy Services, Infosys, HDFC Bank, Power Grid, HCL Tech, Titan and Tata Motors. Kotak Mahindra Bank’s stock declined by about 6 percent. The bank’s integrated net profit in the March quarter fell by 7.57 percent to Rs 4,933 crore.Also Read: Share Bazaar News: Stock market boom despite Indo Pak tension, Sensex 77 and NIFTY 23 points up
State Bank of India, Larsen & Toubro, NTPC and Nestle among Sensex companies The shares were in loss. In the January-March quarter, the State Bank of India has a decline of 8.34 percent integrated net profit. This broke the shares of State Bank of India 2 percent in early trade. According to exchange data, foreign institutional investors (FIIs) on Friday bought shares worth Rs 2,769.81 crore.
Rupee gained 39 paise to 84.18 per dollar in early trade: The rupee rose by 39 paise to 84.18 per dollar in early trade on Monday in the Interbank Forex Exchange Market. Local currency was supported by foreign investors’ interest in Indian properties.
Foreign currency traders said that a sharp decline in crude oil prices and positive trend in the domestic stock market also strengthened the perception of investors. The rupee opened at 84.45 per dollar in the Interbank Forex Exchange Market and went to a low of 84.47. It was later trading at 84.18 per dollar with a gain of 39 paise.Also Read: Share Bazaar: The stock market closed with a slight increase, Sensex 70 and NIFTY 7 points up by taking alert stance of investors
On Friday, the rupee saw heavy fluctuations and at one time it reached a 7-month high of 84 per dollar, although it later lost all its profit and closed at $ 84.57 per dollar with a loss of 3 paise. The dollar index measuring the dollar strengthening compared to 6 other currencies was trading at 99.76 with a decline of 0.26 percent. Global oil benchmark Brent crude fell 3.59 percent in crude futures to $ 59.09 per barrel.
Edited by: Ravindra Gupta
