The Indian stock market started strongly on the second trading day of the week. The Sensex opened with strength of 275.34 points in the morning at 37 thousand 233 points, while the Nifty was trading at 11,003.25 with a gain of 77.4 points. In early trade, the Sensex rose by 150 points to reach the level of 37 thousand 100. Let us know that due to Independence Day on August 15, the stock market will not be traded. Earlier, the market was closed on August 12 on the occasion of Bakrid.
Talking about the Nifty, at the same time it has crossed the 11 thousand level. The biggest drop in initial business was seen in Sun Pharma. Shares of Sun Pharma were down by 5 percent. The net profit of Sun Forma was Rs 1,387.48 crore for the quarter ended June 30 of the current financial year. The company had a profit of Rs 1,057.29 crore in the April-June period of one year ago.
Earlier in Tuesday trading, the Sensex fell 624 points to close at 36 thousand 958. This is the biggest one-day decline in the Sensex of the month. During the Sensex trading, it was between 36 thousand 888 and 37 thousand 755 points. Similarly, the Nifty closed down 183.80 points at 10,925.85 points. In the day it reached 10 thousand 901 in the bottom and 11 thousand 145 in the top.
In contrast to the all-round decline in the market, Reliance Industries shares rose by 10 percent. Let us know that Reliance Industries has announced to sell 20 percent stake of its oil and petrochemicals business to Saudi Aramco for $ 15 billion. Apart from this, the plan to repay the debt has been told. The group's telecom company has also offered some bang-on services on fiber network.
Meanwhile, on Wednesday, the rupee opened with a strong gain of 40 paise against the dollar in early trade. The rupee was at 71 per dollar against the US dollar. Earlier on Tuesday, the impact of the Argentine currency was also seen on the Indian rupee. The Indian rupee fell 62 paise on Tuesday to a low of nearly six months. At the end of trading, the rupee closed at 71.40 rupees per dollar. Earlier on Friday, the rupee had closed at 70.78 rupees per dollar. Please tell that on Monday, business was not done on the occasion of Bakrid.