Share market news: Sensex and Nifty declined in early trade on Monday amid foreign capital withdrawal and weak trend in global markets. BSE Sensex fell by 142.26 points to 78,556.81. NSE Nifty slipped 48.35 points to 23,765.05.
There were fluctuations in the shares of these major companies: Among the 30 Sensex listed companies, shares of Infosys, Mahindra & Mahindra, HCL Technologies, Titan, Power Grid, Tech Mahindra, Kotak Mahindra Bank and Tata Motors were the biggest losers. Shares of Adani Ports, Zomato, UltraTech Cement and ITC were among the gainers.ALSO READ: The number of women investors is increasing in the stock market, 1 woman in every 4 new investors.
In Asian and American markets: In Asian markets, Hong Kong’s Hang Seng, China’s Shanghai Composite and Japan’s Nikkei were in loss while South Korea’s Kospi was in profit. American markets closed with a negative trend on Friday.
Brent crude futures at US $ 74.22 per barrel: International standard Brent crude stood at $ 74.22 per barrel with a gain of 0.07 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Friday and sold shares worth a net Rs 1,323.29 crore.ALSO READ: Stock market falls for 5th consecutive day, Sensex falls 1176 points
Rupee fell by 5 paise, reached 85.53 per dollar: The rupee fell 5 paise to 85.53 per dollar in early trade on Monday. Investor sentiment was affected amid heavy demand for dollars from importers, withdrawal of foreign capital and soft trend in domestic stock markets, which put pressure on the domestic currency.
Forex traders said the rupee witnessed huge volatility on Friday and weakened on Monday amid heavy demand for dollars linked to expiry of December currency futures and maturity in outstanding futures.ALSO READ: Listing of 3 big shares in the stock market, how was the response from investors?
At the interbank foreign exchange market, the rupee opened on a weak note and fell to 85.53 against the US currency, showing a decline of 5 paise from its previous close. The rupee had closed at 85.48 against the US dollar on Friday.
Meanwhile, the dollar index, which reflects the position of the US dollar against six major currencies, stood at 108.00. International standard Brent crude stood at $ 74.22 per barrel with a gain of 0.07 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Friday and sold shares worth a net Rs 1,323.29 crore. (Language)
Edited by: Ravindra Gupta
