First day of week The stock market has a great start on Monday. The BSE Sensex has opened 310.88 points to open at 82,499.87 points. Similarly, the Nifty has gained 150 points to 25,160.10 points. Banking-auto stocks are getting a good boom in early trade in the market. Heavyweight shares like Kotak Bank, Tata Motors, Axis Bank, Bajaj Finance, TCS are trading well. Let us tell you that on Friday, the Sensex had jumped 747 points after the Reserve Bank’s decision to make the repo rate cut by half a percent and arranging additional amount for lending to banks. At the same time, the Nifty had once again crossed the 25,000 level. The Reserve Bank of India (RBI) has reduced the repo rate from 0.50 percent to 5.5 percent after the Monetary Policy Committee meeting. Along with this, it was also announced to cut one percent in the cash reserved ratio (CRR). The 30 -share standard index of BSE had jumped 746.95 points to close at 82,188.99 points. The National Stock Exchange (NSE )’s 50 -share index Nifty climbed 252.15 points to close at 25,003.05 points.
Which stocks jumped and who rolled?
Sensex companies had shares of Kotak Mahindra Bank, Tata Motors, Axis Bank, Maruti, Infosys, HCL Tech, Tech Mahindra and Bajaj Finance. On the other hand, shares of Bharti Airtel, Internal, ICICI Bank, Adani Ports and Tata Steel were in loss. Other Asian markets were trading with a positive attitude in other Asian markets, South Korea’s Korea, Nikki of Japan, Shanghai Composite of China and Hong Kong’s Hang Seng. The US markets closed with an edge on Friday. According to exchange data, foreign institutional investors (FIIs) on Friday bought shares worth Rs 1,009.71 crore. The global oil benchmark Brent crude was trading at $ 66.40 per barrel.
Rupee broken against dollar
The rupee fell by four paise to 85.72 per dollar on Monday amidst strengthening the prices of crude oil. Foreign currency traders said that the rupee initially benefited some benefit from the Reserve Bank of India. The rupee opened at 85.61 per dollar in the Interbank Forex Exchange Market. However, it later fell to 85.72 per dollar with a loss of four paise. On Friday, the rupee gained 11 paise to close at 85.68 per dollar. Meanwhile, the dollar index assessing the US currency compared to six other currencies was trading at 99.02 with a decline of 0.16 percent. Global oil benchmark Brent crude fell 0.06 percent to $ 66.43 per barrel in crude futures.
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