Share Bazaar News: The Sensex and NIFTY recorded a decline in early trade on Monday amid uncertainty to India US Trade Agreement. Constant withdrawal of foreign capital and weak trend in Asian Markets also affected the notion of investors. BSE Sensex declined by 369.58 points to 81,093.51 points in early trade while NSE Nifty slipped 104.3 points to 24,732.70 points. On the other hand, the rupee has gained 9 paise against the dollar.Also Read: Selling spoils, the stock market at one month’s low, what will happen in August?
Shares of these major companies fluctuate: Of the 30 companies involved in the Sensex, Kotak Mahindra Bank shares fell by nearly 7 percent. The shares of Tata Consultancy Services, Bharti Airtel, Infosys and Internal (East Zomato) were in disadvantage. At the same time, the share of Tata Motors, Bajaj Finserv, UltraTech Cement and Power Grid remained in profit.
In Asian and American markets: Among the Asian markets, Japan’s Nikki 225, China’s Shanghai SSE Composite and South Korea’s Cupi were in loss while Hong Kong’s Hangseng was in profit. The US markets closed with a positive attitude on Friday.Also Read: Share Market Today: Sensex and NIFTY closed with stable stance in the stock market in ups and downs
Brent Crude at $ 68.64 per barrel and FII was sold on Friday: International standard Brent crude gained 0.29 percent to $ 68.64 per barrel. According to the stock market data, foreign institutional investors (FIIs) were selling on Friday and purely sold shares worth Rs 1,979.96 crore.
Rupee gains 9 paise to 86.43 per dollar: The rupee rose 9 paise to reach 86.43 against the US dollar on Monday in early trade. The local currency was limited due to the US-India fee talks being at the center. Forex traders said that the rupee is trading within a limited range, as the US dollar remains stronger than the rupee due to the continuation of the dollar demand.Also Read: No dollar or pound, this is the world’s most expensive currency, know where your rupee stays compared to this
Rupee opened with positive attitude: The rupee opened with a positive trend in the interbank Forex exchange market and reached 86.43 against the dollar in early trade, showing a growth of 9 paise in the previous closed price. The rupee fell by 12 paise to close at 86.52 against the US dollar on Friday. Meanwhile, the dollar index, depicting the US dollar position against 6 major currencies, fell 0.03 percent to 97.61.
In domestic stock markets, the Sensex fell by 67.43 points to 81,395.66 points while the Nifty slipped 14.25 points to 24,851.25 points. International standard Brent crude gained 0.48 percent to $ 68.77 per barrel. According to stock market data, foreign institutional investors (FIIs) were selling on Friday and purely sold shares worth Rs 1,979.96 crore. (Language)
Edited by: Ravindra Gupta
