Share Bazaar: Expectation tied to India America trade agreement, stock markets raised in early trade
Share Bazaar News: The major index Sensex and Nifty on Thursday, showing a positive attitude in the Asian Markets, showed a positive attitude in the Asian Markets amidst expectation about the Indo-US agreement. Analysts said the US-Vietnam trade agreement also had a positive impact on the domestic stock markets. In early trade, the 30 -share BSE Sensex rose 242.83 points to 83,652.52. NSE’s 50 -share Nifty rose 83.65 points to 25,537.05.
Shares of these major companies fluctuate: The Sensex companies were prominently in the shares of Asian Paints, Tata Steel, Infosys, Mahindra & Mahindra, Atternal and Tata Motors. However, shares of Kotak Mahindra Bank, Bajaj Finance, Trent and Bajaj Finserv were lost.Also Read: Share Bazaar: Stock market gains due to buying in Reliance and HDFC Bank, Sensex 91 and NIFTY 25 points
In Asian and American markets: In the Asian markets, China’s Shanghai SSE Composite and South Korea’s Cappey and Japan’s Nikki were in 225 profits while Hong Kong’s Hanseng was in disadvantage. On Wednesday, the US markets closes with most leads.
Brent Crude at $ 68.58 per barrel and FII was sold on Wednesday: Global oil benchmark Brent crude fell 0.77 percent to $ 68.58 per barrel. According to the stock market data, foreign institutional investors (FIIs) sold shares worth Rs 1,561.62 crore on Wednesday.
Rupee fell 8 paise to 85.70 against US dollar in early trade: The rupee fell 8 paise to 85.70 against the US dollar in early trade on Thursday amid the global risk perception and the challenges faced by frequent exit of foreign funds.Also Read: Employees in Chhattisgarh will be able to invest in stock market and mutual funds, government gives permission
Foreign currency traders said that the rupee is trading within a limited scope due to the vigilant strategy of the Reserve Bank of India (RBI), as any decline in dollars can be compensated by the RBI not only for the management of maturity but also the dollar purchasing for the reconstruction of its intervention cushion. He said that the rise of the rupee is getting limited due to the continuous demand of the dollar by the central bank.
The rupee opened at 85.69 against the dollar in the Interbank Forex Exchange Market and reached a low of 85.70 in early trade, showing a decline of 8 paise in the previous closed price. On Wednesday, the rupee weakened by 3 paise against the US dollar to close at 85.62.
Anil Kumar Bhansali, Treasury Head and Executive Director of Finrex Treasury Advisors LLP, said that traders are waiting for the US trade agreement and NFPR data to know the direction of the market. Meanwhile, the dollar index, which showed the US dollar status against 6 major currencies, rose by 0.07 percent to 96.84. (Language)
Edited by: Ravindra Gupta
