Second Trading Day: Sensex Broke 570 Points in 2 Days, Nifty at the level of 11575 in last hour

Indian stock market closed on the red mark for the second consecutive day On Monday, the Sensex plummeted 495 points, while on Tuesday it dropped 80 points. On Tuesday, the Sensex business started with a rise but this growth was broken in the last hour. At the end of the trading, the Sensex dropped 80 points to 38,565, while the Nifty dropped 19 points and close at 11,575. In this case, the Sensex has dropped 575 points in two trading days.

The most prominent stocks during the business were ONGC and Sun Pharma. The two stocks have registered an increase of about 7 percent. At the same time, the shares of Bajaj Finance and Coal India closed with an increase of 3%. Reliance and Infosys shares increased by more than 1%. If we talk about the declining stocks, Maruti slipped more than 3.50 percent. Apart from this, shares of Yes Bank, IndusInd Bank, Tata Steel have dropped more than 2 percent. Hero MotoCorp, NTPC, Bharti Airtel, SBIIN, Tata Motors and Mahindra and Mahindra's share declined by more than 1%.

The stock market has fluctuated since the decision of the US oil ban on Iran. There is also a sharp decline in the stock markets on Monday, among other news of ending the exemptions for importing crude oil from other countries including India. Although the domestic stock market saw improvement in the initial trading on Tuesday, due to reports of preparing alternative sources to meet the shortage of supply of crude oil in India.

Let us tell you that before the second auction of dollar-rupee exchange contracts, the rupee on Tuesday gained 9 paise and close at Rs 69.58 per dollar in early trading on Tuesday. However, the dollar strengthened against other major currencies, stopping the rupee to accelerate. On Monday, the rupee dived 32 paise to close at 69.67 on the dollar.