Share Bazaar News: Domestic markets Sensex and Nifty declined on early trade on Thursday. The market has faltered after the US has announced a fine of 25 percent fee and fines for purchasing crude oil and weapons from Russia. This announcement is being seen as a strategy to pressurize India to accept America’s demands. The BSE Sensex fell 786.36 points to 80,695.50 points in early trade, while NSE Nifty slipped 212.8 points to 24,642.25 points.
Shares of these major companies fluctuate: Among the 30 companies included in the Sensex, Reliance Industries, Tata Motors, Mahindra & Mahindra, Bharti Airtel, Titan and State Bank of India were the most damaged shares. However, shares of the Internal (East Jomato), Hindustan Unilever, ITC and Power Grid were in growth.Also Read: Share Bazaar: Stock market declines due to withdrawal of foreign capital, Sensex 131 and Nifty 23 points slipped
In Asian and American markets: Hong Kong’s Hangseng, China’s Shanghai SSE Composite and South Korea’s cospy loss were in 225 benefits in the Asian markets. The American markets closed with a negative attitude on Wednesday.
Brent Crude at $ 73.10 per barrel and FII was sold on Wednesday: International standard Brent crude slipped 0.19 percent to $ 73.10 per barrel. According to the stock market data, foreign institutional investors (FIIs) were selling on Wednesday and purely sold shares worth Rs 850.04 crore.
Trump announced a 25 percent fee from 1 August on Wednesday: US President Donald Trump on Wednesday announced a 25 percent fee on India from August 1 amid signs of some deadlock in a conversation between the two countries on the bilateral trade agreement (BTA). Apart from this, Trump has also decided to impose additional fine for buying military equipment and crude oil from Russia.Also Read: Share Bazaar: The decline in the stock market has stopped from 2 days, Sensex 443 points, Nifty also crosses 25,000 points
Rupee overcome its all -time low level, climbing 14 paise to 87.66 per dollar: The rupee recovered 14 paise from its all -time low in early trade on Thursday to reach 87.66 per dollar. The rupee has been recovered amid the possibility of the Reserve Bank of India (RBI) intervention after the US impose 25 percent fee and fined Russian crude oil and weapons.
Foreign currency traders said that the rupee has returned to some extent after the biggest decline of 1 day in more than 3 years, ie 89 paise, but is still trading with a negative attitude. The rupee opened at 87.66 against the dollar, the rupee in the Interbank Forex Exchange Market. Then touched the initial low of 87.74 against the US dollar.Also Read: Share Bazaar: Sensex and NIFTY declined in early trade due to sluggish trend in global stock markets
The rupee closed its all -time low at 87.80 per dollar on Wednesday. Meanwhile, the dollar index, depicting the US dollar position against 6 major currencies, fell 0.03 percent to 99.78.
In domestic stock markets, the Sensex fell by 582.49 points to 80,899.37 points and the Nifty slipped 151.70 points to 24,802.45 points. International standard Brent crude slipped 0.19 percent to $ 73.10 per barrel. According to the stock market data, foreign institutional investors (FIIs) were selling on Wednesday and purely sold shares worth Rs 850.04 crore.
US President Donald Trump on Wednesday announced a 25 percent fee on India from August 1 amid signs of some deadlock in a conversation between the two countries on the bilateral trade agreement (BTA). Apart from this, Trump has also decided to impose additional fine for buying military equipment and crude oil from Russia. (Language)
Edited by: Ravindra Gupta
