Share market news: Domestic markets Sensex and Nifty witnessed a rise in early trading on Thursday. BSE Sensex rose 242.95 points to 78,750.36. NSE Nifty stood at 23,812.15 points with a gain of 69.25 points. On the other hand, rupee has fallen by 11 paise against dollar.
There were fluctuations in the shares of these major companies: Among the 30 Sensex-listed companies, shares of Bajaj Finance, Bajaj Finserv, Kotak Mahindra Bank, Infosys, HCL Tech, Tech Mahindra, Mahindra & Mahindra and Tata Consultancy Services were the biggest gainers. Shares of NTPC, Sun Pharma, Asian Paints and Adani Ports were among the losers.ALSO READ: Will the share market cross Rs 1 lakh in the year 2025, know what astrology says
In Asian and American markets: In Asian markets, Hong Kong’s Hang Seng, China’s Shanghai Composite and South Korea’s Kospi remained in loss. US markets were closed on Wednesday on the occasion of New Year.
Brent crude futures at US $ 74.97 per barrel: International standard Brent crude stood at $ 74.97 per barrel with a gain of 0.44 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Wednesday and sold shares worth a net Rs 1,782.71 crore.
Rupee falls 11 paise at 85.75 per dollar: The rupee fell 11 paise to 85.75 against the US dollar in early trade on Thursday. The significant rise in the dollar index and US 10-year bond yield had an impact on the domestic currency.ALSO READ: Share Bazaar: Sensex rose 226 points due to buying in shares, Nifty also strengthened
Forex traders said that the dollar gained against most currencies in 2024 and will remain in a strong position this year also. Apart from this, continuous withdrawal of foreign capital further affected the sentiments of investors, while there is a possibility of less trading in the global markets as the holiday period is going on in major economies like Britain and Europe.ALSO READ: Huge fluctuations in stock market, rupee also at its all-time low
The rupee opened at 85.69 against the US dollar in the interbank foreign exchange market. Then it slipped to 85.75 per dollar, which shows a decline of 11 paise compared to the previous closing price. The rupee had closed at 85.64 against the US dollar on Wednesday.
Meanwhile, the dollar index, which reflects the position of the US dollar against six major currencies, fell by 0.15 percent at 104.48. The US Dollar Index has been performing well and remains strong around 108 points for the last few sessions.
(Language)
Edited by: Ravindra Gupta
