Business

After the initial boom in the stock market, both Sensex and NIFTY indices reached the red mark.

Photo:FILE

stock market

Highlights

  • Sensex is trading at 51,342.66, down 17.76 points
  • Nifty is trading at 15,270.80, down 22.70 points
  • Brent crude fell 0.18 percent to $112.95 a barrel

stock market After a strong start on Monday, there was a decline. During this, the Sensex rose 254 points, but within a few minutes the index lost its edge and went into the red. BSE index 253 in early trade.

With a gain of 69 points, it was trading at 51,614.11, while the Nifty rose 69.6 points to reach 15,363.10. The major indices, however, could not sustain this momentum and the Sensex was down 17.76 points at 51,342.66, while the Nifty was down 22.70 points at 15,270.80 till the time of writing the news.

The fall in the shares of these companies

Tata Steel, M&M, PowerGrid, Tech Mahindra, Larsen & Toubro and ICICI Bank were among the major losers in the Sensex pack. On the other hand, HDFC, Hindustan Unilever, Sun Pharma and HDFC Bank saw gains. Tokyo and Seoul were down in other Asian markets, while Shanghai and Hong Kong were trading in the green.

Big drop in crude oil

Meanwhile, Brent crude, the international oil index, fell 0.18 per cent to $112.95 a barrel. Foreign institutional investors (FIIs) sold shares worth a net Rs 7,818.61 crore on Friday, according to provisional data from the stock market.

Rupee rises 12 paise against dollar

The rupee on Monday gained 12 paise to 77.93 against the US dollar in early trade on softening crude oil prices. Forex traders said though selling of foreign funds, a weak trend in the domestic equity market and a firming dollar overseas limited the gains in the rupee. In the interbank foreign exchange market, the rupee opened strong at 77.98 against the US dollar, and then rose to 77.93, showing a gain of 12 paise over the previous closing price.

function loadFacebookScript(){
!function (f, b, e, v, n, t, s) {
if (f.fbq)
return;
n = f.fbq = function () {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments);
};
if (!f._fbq)
f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s);
}(window, document, ‘script’, ‘//connect.facebook.net/en_US/fbevents.js’);
fbq(‘init’, ‘1684841475119151’);
fbq(‘track’, “PageView”);
}

window.addEventListener(‘load’, (event) => {
setTimeout(function(){
loadFacebookScript();
}, 7000);
});
,

Shivam Bangwal

Shivam Bangwal is an Indian based entrepreneur who is a tech, travel and coding enthusiast with a post graduation degree on Master's of Computer Applications. He is a founder of Youthistaan, People News Chronicle, Hitchhike TV, Branding Panther and many more.
Back to top button
error: Content is protected !!