Share Market Today: Amid the strong trend of global markets, domestic stock markets Sensex and Nifty remained bullish in early trading on Monday. BSE Sensex rose 398.21 points to 77,017.54 in early trade, while NSE Nifty rose 105.15 points to 23,308.35.
There were fluctuations in the shares of these major companies: Among the 30 Sensex listed companies, shares of Kotak Mahindra Bank rose by 9 percent. Shares of State Bank of India, NTPC, Power Grid, Reliance Industries, Tech Mahindra and Bajaj Finance also gained. Shares of IndusInd Bank, Tata Motors, Tata Consultancy Services, Adani Ports, Axis Bank and Mahindra & Mahindra were among the losers.ALSO READ: Sensex and Nifty fell in early trade on Friday, shares of major companies slipped.
In Asian and American markets: In Asian markets, Japan’s Nikkei, China’s Shanghai Composite and Hong Kong’s Hang Seng were in profit while South Korea’s Kospi was in loss. US markets closed on a positive note on Friday. International standard Brent crude fell 0.17 percent to $ 80.65 per barrel.
FIIs sold on Friday: According to stock market data, foreign institutional investors (FIIs) were sellers on Friday and sold shares worth a net Rs 3,318.06 crore.ALSO READ: Stock market devastation, Sensex fell 1048 points, investors lost Rs 12.62 lakh crore, these 3 reasons were responsible
Rupee rises by 14 paise at 86.46 per dollar in early trade: The rupee rose 14 paise to 86.46 per dollar in early trade on Monday amid positive trend in domestic stock markets and Asian currencies. Forex traders said rising crude oil prices along with the dollar index being at higher levels are creating headwinds for the US dollar/Indian currency pair.ALSO READ: Rupee vs Dollar: Rupee fell against dollar, know how much it fell
At the interbank foreign exchange market, the rupee opened at 86.48 per dollar and then rose to 86.46 against the dollar, registering an increase of 14 paise over its previous close. The rupee had closed at 86.60 against the US dollar on Friday. Meanwhile, the dollar index, which reflects the position of the US dollar against six major currencies, declined by 0.12 percent to 109.10.(Language)
Edited by: Ravindra Gupta
