Share Bazaar News: The Sensex and Nifty started trading with a positive attitude on Wednesday amid heavy buying in the stock of Larsen & Toubro, a major infrastructure sector company. BSE Sensex rose 256.57 points in early trade to 81,594.52 points and NSE NIFTY (NSE NIFTY) gained 69.3 points to 24,890.40 points.
Shares of these major companies fluctuate: Larsen and Toubro shares rose by over 4 percent of the 30 companies in the Sensex. Shares of Bharti Airtel, Asian Paints, NTPC and Bajaj Finserv were also in profit. The shares of Tata Motors, Hindustan Unilever, Internal (East Jomato) and Infosys were in disadvantage.Also read: Share Bazaar: Stock market, Sensex 447 and NIFTY 140 points up due to decline of three days
In Asian and American markets: Among the Asian markets, Japan’s Nikki was 225 and Hong Kong’s Hangseng was in disadvantage while China’s Shanghai SSE Composite and South Korea’s Kospie were in profit. The American markets closed with a negative attitude on Tuesday.
Brent Crude at $ 72.50 per barrel and FII was sold on Tuesday: International standard Brent crude fell by 0.01 percent to $ 72.50 per barrel. According to the stock market data, foreign institutional investors (FIIs) were selling on Tuesday and purely sold shares worth Rs 4,636.60 crore.Also read: Share Market Today: Sensex and NIFTY closed with stable stance in the stock market in ups and downs
Rupee below the level of 87 against the US dollar in early trade: The rupee fell below 87 levels against the US dollar on Wednesday due to rising crude oil prices and uncertainty over the Indo-US trade agreement.
Forex traders said that the demand for dollars at the end of the month and continuous withdrawal of foreign capital at the end of the month also put pressure on the local currency. The rupee opened with a negative attitude in the interbank foreign currency exchange market and touched a low of 87.15 against the American currency, indicating a fall of 24 paise in the previous closed price.Also read: Share Bazaar: Stock market continues to fall from 4 days, Sensex 317 and Nifty 114 points
The rupee came to a low of more than 4 months on Tuesday. It broke by 21 paise to close at 86.91 against the US dollar. Meanwhile, the dollar index, depicting the US dollar status against 6 major currencies, fell 0.11 percent to 98.77.
In domestic stock markets, the Sensex gained 126.27 points to 81,464.22 points, while the Nifty rose 45.90 points to 24,867.00 points. International standard Brent crude gained 0.11 percent to $ 72.59 per barrel. According to the stock market data, foreign institutional investors (FIIs) were selling on Tuesday and purely sold shares worth Rs 4,636.60 crore.
Edited by: Ravindra Gupta
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