Mumbai : The stock market has made a comeback today after continuously falling for the last several weeks. The market, which was falling rapidly due to continuous withdrawal of foreign capital, seems to be recovering at the moment. Both the major indices of the domestic market have shown gains in today's trading. Besides, good signs are also visible in the currency exchange market.
In today's pre-opening session, BSE Sensex is trading at the level of 76,901.16 points with a gain of 401.53 points. Besides, NSE's Nifty has also increased by 97.5 points and due to this increase, Nifty is trading at 23,273.55 points.
Among the 30 Sensex listed companies, shares of IndusInd Bank, Power Grid, Kotak Mahindra Bank, Maruti, NTPC, Zomato, Reliance Industries, Adani Ports, Tech Mahindra and Larsen & Toubro have gained the most. Whereas shares of Bajaj Finance, Axis Bank, Bajaj Finserv and Mahindra & Mahindra have suffered the most. In Asian markets, Hong Kong's Hang Seng, South Korea's Kospi and Japan's Nikkei were in profit while China's Shanghai Composite was in loss.
The rupee is showing a rise against the US dollar in the currency exchange market. In today's early deals, the rupee is trading 2 paise higher at 86.51 against the US dollar. Due to rising prices of crude oil and continuous withdrawal of foreign capital, the positive sentiment in the domestic stock markets got lost, which had an impact on the domestic currency i.e. Rupee. While giving this information, foreign exchange traders have said that, however, the weakening American currency supported the local currency at lower levels.
The rupee opened at 86.50 per dollar at the interbank foreign exchange market and touched 86.45 against the dollar in early deals. However, the local currency soon lost its gains and traded at 86.55 against the dollar, a fall of two paise from its previous close. The rupee had closed at 86.53 against the US dollar on Tuesday.
Meanwhile, the dollar index, which gauges the US dollar's position against six major currencies, was down 0.03 per cent at 109.07. International standard Brent crude was up 0.06 percent at $ 79.96 per barrel. According to stock market data, foreign institutional investors (FIIs) were sellers on Tuesday and sold shares worth a net Rs 8,132.26 crore.
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