Share market news: After 2 days of decline in domestic markets Sensex and Nifty, there was a rise in early trade on Friday, but soon they weakened due to selling pressure. The huge withdrawal of foreign capital has worried investors.
BSE Sensex rose 270.76 points to 77,890.97 in early trade. NSE Nifty stood at 23,596 points with a gain of 69.5 points. However, soon both the indices fell into negative territory. BSE Sensex fell by 306.07 points to trade at 77,313.56 points while Nifty slipped by 112.10 points to trade at 23,412.45 points.ALSO READ: Investors lost Rs 10.98 lakh crore due to huge fall in the stock market
There were fluctuations in the shares of these major companies: Among the 30 companies listed in Sensex, Tata Consultancy Services’ shares rose by 4 percent. Shares of Tech Mahindra, Infosys, HCL Tech, Mahindra & Mahindra, HDFC Bank and Nestle also gained. Shares of IndusInd Bank, Zomato, NTPC, State Bank of India, Adani Ports and Power Grid were among the losers.
In Asian and American markets: In Asian markets, South Korea’s Kospi was in profit while Hong Kong’s Hang Seng, China’s Shanghai Composite and Japan’s Nikkei were in loss. American markets were closed on Thursday. International standard Brent crude stood at $ 77.15 per barrel with a gain of 0.30 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Thursday and sold shares worth a net Rs 7,170.87 crore.ALSO READ: How will be the effect of retrograde Jupiter on the share market?
Rupee falls by 1 paise at 85.87 per dollar: The rupee fell 1 paise to 85.87 against the US dollar in early trade on Friday amid strengthening of the American currency and huge withdrawal of foreign capital.
Forex traders said higher crude oil prices overseas also put pressure on the Indian currency, although it got some support from positive cues from domestic stock markets. He said that at the same time, the dollar has strengthened due to increased demand amid anticipation of restrictive trade measures of the new US administration under the leadership of Donald Trump after January 20.
Rupee opened at 85.88 per dollar: The rupee opened at 85.88 per dollar in the interbank foreign exchange market. It rose marginally to 85.87 per dollar in early trade, which shows a decline of 1 paise compared to the previous closing price. The rupee had closed at 85.86 against the US dollar on Thursday.ALSO READ: Rupee vs Dollar: Rupee weakened against dollar, know how much it declined…
Meanwhile, the dollar index, which reflects the position of the US dollar against six major currencies, stood at 109.03 with a rise of 0.03 percent. The yield on 10-year US bonds also rose to 4.68 percent. International standard Brent crude stood at $ 77.16 per barrel with a gain of 0.31 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Thursday and sold shares worth a net Rs 7,170.87 crore. (Language)
Edited by: Ravindra Gupta
