Sensex-Nifty trading with a big decline, the rupee broke down to a record low of 82.69
Highlights
- Sensex is trading at 57,518.43 points down 672.86 points
- Nifty is trading at 17,106.30 points down 208.35
- Foreign investors sold shares worth a net Rs 2,250.77 crore on Friday
Share Market: Global markets Major stock indices fell sharply in early trade on Monday amid a weak trend and the Sensex lost 826 points during this period. The BSE 30-share index opened 825.61 points lower at 57,365.68, while the broader NSE Nifty fell 249.95 points to 17,064.70. However, some recovery is being seen till 11 am. The Sensex is trading at 57,518.43, down 672.86 points. At the same time, Nifty is trading at 17,106.30 points down 208.35.
Big fall in the shares of these companies
Asian Paints, HDFC, HDFC Bank, Tata Steel, Nestle and Hindustan Unilever were among the major losers in the Sensex. On the other hand, Power Grid was the only stock to register gains. Among other Asian markets, markets in Shanghai and Hong Kong were in the red. US markets closed with a sharp fall on Friday. On Friday, the Sensex closed at 58,191.29, down 30.81 points or 0.05 per cent. Nifty lost 17.15 points or 0.10 per cent to end at 17,314.65. Meanwhile, the international oil index Brent crude futures fell 0.87 per cent to $ 97.05 per barrel. Foreign institutional investors sold shares worth a net Rs 2,250.77 crore on Friday, according to provisional stock market data.
Rupee breaks 39 paise down at all-time low of 82.69
The rupee on Monday fell 39 paise to an all-time low of 82.69 against the US dollar in early trade on rising crude oil prices and risk appetite by investors. Apart from this, a fall in the domestic equity markets and strengthening of the US currency put additional pressure on the rupee. In the interbank foreign exchange market, the rupee opened at 82.68 against the US dollar and then declined to 82.69, showing a fall of 39 paise over the previous closing price. The rupee had closed 13 paise lower at 82.30 against the US dollar on Friday. The Reserve Bank of India on Friday said that India’s foreign exchange reserves declined by $4.854 billion to $532.664 billion as on September 30. Meanwhile, the dollar index, reflecting the US dollar’s position against the six major currencies, rose 0.02 per cent to 112.81. Global oil index Brent crude futures fell 0.87 percent to $ 97.07 per barrel. Foreign institutional investors sold shares worth a net Rs 2,250.77 crore on Friday, according to provisional stock market data.
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