Share Bazaar: Early trade gains due to continuation of foreign capital flow, Sensex 456 and NIFTY 113 points up
Share Bazaar News: Sensex and Nifty recorded a boom in early trade on Monday as foreign capital flows continued. BSE Sensex rose 456.05 points to 79,668.58 points in early trade. NSE NIFTY ranked 112.85 points to 24,152.20 points. Out of the 30 companies involved in the Sensex, Reliance Industries shares rose by 3 percent.
Shares of these major companies fluctuate: Mahindra & Mahindra, ICICI Bank, Tata Steel, State Bank of India, Kotak Mahindra Bank, IndusInd Bank, Larsen & Tobro and NTPC were also one of the highest profits. Shares of HCL Tech, Tech Mahindra, Tata Consultancy Service, Bajaj Finance and Nestle were in disadvantage.Also Read: Investors in panic due to Pahalgam terror attack, the stock market is worrying about India Pak war
In Asian and American markets: Hong Kong’s Hangseng, Japan’s Nikki 225, and South Korea’s Cappey were in profit in Asian markets. China’s Shanghai SSE composite was in loss. The US markets closed with a positive attitude on Friday. International standard Brent crude rose 0.25 percent to $ 67.04 per barrel. According to the stock market data, foreign institutional investors (FIIs) were living on Friday and purely bought shares worth Rs 2,952.33 crore.
Rupee gained 12 paise to 85.29 per dollar: With the support of strong domestic basic factors such as increase in foreign exchange reserves and capital flows, the rupee rose by 12 paise to 85.29 per dollar on Monday. Forex traders said that the continuous increase in foreign exchange reserves gives stability to the rupee. However, the increase in tension between India and Pakistan may put pressure on the rupee as such geopolitical uncertainty leads investors to safe assets, which leads to withdrawal from emerging markets and weakens local currencies like rupee.Also Read: Share Bazaar: Huge increase in early trade in the stock market, Sensex 79,000 levels cross the Nifty crossing 24,000
The interbank foreign currency exchange market opened at 85.29 against the rupee, which shows a growth of 12 paise in the previous closed price. After the initial deals, it came to a low of 85.42 against the dollar. The rupee closed at 85.41 against the US dollar on Friday. Meanwhile, the dollar index, which showed the US dollar status against 6 major currencies, rose by 0.17 percent to 99.63.
International standard Brent crude rose 0.22 percent to $ 67.02 per barrel. The BSE Sensex rose 426.00 points to 79,638.53 points in the domestic stock market, while the Nifty gained 144.55 points or 0.60 percent to 24,183.90 points. According to the stock market data, foreign institutional investors (FIIs) were living on Friday and purely bought shares worth Rs 2,952.33 crore. The Reserve Bank of India (RBI) said on Friday that India’s foreign exchange reserves rose 8.31 billion to $ 686.145 billion in the week ended April 18. (Language)
Edited by: Ravindra Gupta
