Stock Market: Market turned ‘red’ due to withdrawal of FII, Sensex fell 220 points Nifty fell 68 points to reach below 17200
Highlights
- Both the major indices of the country fell in early trade
- BSE Sensex fell 220.86 points to 57,770.25
- ICICI Bank and State Bank of India among major falling stocks
Stock Market: The stock market is still ‘red’ due to disappointing news coming from foreign markets and strong withdrawal of FIIs. In the early trade on Tuesday, both the major indices of the country have registered a fall. The BSE Sensex fell 220.86 points to 57,770.25 on outflow of foreign funds. The broader NSE Nifty was down 68.05 points at 17,172.95.
volatility in these shares
Titan, Power Grid, Maruti, Mahindra & Mahindra, Bharti Airtel, Hindustan Unilever, ICICI Bank and State Bank of India were among the major losers in the Sensex. On the other hand, Asian Paints, Infosys, Wipro, HCL Technologies and ITC gained.
fall in foreign markets
Among other Asian markets, Seoul, Tokyo and Hong Kong were trading in the red, while Shanghai was trading higher. US markets closed with a fall on Monday. On Monday, the Sensex closed 200.18 points or 0.34 per cent lower at 57,991.11, while the Nifty fell 73.65 points or 0.43 per cent to end at 17,241. Meanwhile, the international oil index Brent crude futures were down 0.28 per cent at $ 95.92 per barrel.
Rupee breaks one paise down at 82.41
The rupee was down by a paise at 82.41 against the US dollar in early trade on Tuesday amid a firming US currency and frequent outflow of foreign funds. Besides, weakness in domestic equity markets and risk aversion among investors also affected the rupee. In the interbank foreign exchange market, the rupee opened at 82.35 against the dollar, and then declined to 82.41. In this way, the rupee was trading with an increase of one paise against the previous closing price. The rupee on Monday lost 10 paise to close at an all-time low of 82.40 against the US dollar. Meanwhile, the dollar index, reflecting the US dollar’s position against the six major currencies, rose 0.12 per cent to 113.27.
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