Share Market: Sensex-Nifty movement flat amid global cues, mid and small cap stocks rise, bank shares fall
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Share Market Update: The movement of the Indian stock market remains flat on the third trading day of the week. In pre-opening, the 30-share BSE index rose 181.6 points to 65,124 in early trade. Nifty has increased by 49 points to 19,455.70. Today at 07:40 AM, GIFT Nifty was trading at 19,492 while yesterday Nifty Spot closed at 19,406. At the same time, a sharp decline is being seen in the prices of crude oil. After crude oil prices reached a 2.5-month low overnight, the US market closed with gains for the seventh consecutive trading session. At the same time, mixed signals from Asian markets and continuous withdrawal of foreign funds have had a direct impact on the Indian market. Among Sensex companies, shares of Asian Paints, Wipro, Maruti, Tata Consultancy Services, Larsen & Toubro and Titan were among the gainers. Whereas shares of ICICI Bank, Axis Bank, Kotak Mahindra Bank, Bajaj Finance, Infosys and NTPC suffered losses. In other Asian markets, South Korea’s Kospi and Japan’s Nikkei remained in loss, while China’s Shanghai Composite And Hong Kong’s Hang Seng remained in profit.
American market closed with green mark
On Tuesday, the US market closed with a positive trend. Global oil standard Brent crude was trading at $ 81.67 per barrel with a gain of 0.07 percent. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 497.21 crore on Tuesday. Whereas, the Dow Jones was up 0.2 percent, while the Nasdaq rose 0.9 percent. WTI crude oil futures fell sharply below the $80-mark, reaching levels as low as $77 per barrel. Brent crude futures were trading at $81.5 per barrel. Nikkei and Taiwan rose up to 0.2 percent, while Hang Seng, Kospi and Shanghai were down 0.2 percent. Along with this, today Bata India, BHEL, CESC, Easy Trip Planners, EID Parry, GNFC, HEG, IFCI, Landmark Cars, Lupine, Mazagon Dock Shipbuilders, MCX, MOIL, Nazara Technologies, Oil India, Patanjali, Phoenix, Raymond, Some companies including Renuka Sugars, Tajjivk Hotels, Talbros Automotive, Tata Power and Wonderla Holidays are likely to report their quarterly earnings. In such a situation, the market is keeping an eye on these shares.
Rupee rises by four paise at 83.23 per dollar in early trade
The rupee traded in a limited range against the US dollar in early trade on Wednesday amid soft trend in the domestic stock markets and strengthening of the American currency in the foreign market. Foreign exchange traders said that continuous withdrawal of foreign funds also affected investor sentiment. In the interbank foreign exchange market, the rupee opened at 83.25 against the dollar and then fell to the level of 83.23. This is an increase of four paise from the previous closing price. The rupee had closed at 83.27 against the US dollar on Tuesday. Meanwhile, the dollar index, which reflects the position of the US dollar against six major currencies of the world, rose by 0.03 percent to reach 105.05. Global oil standard Brent crude was trading at $ 81.63 per barrel with a gain of 0.02 percent. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 497.21 crore on Tuesday.
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