On Tuesday, after two days of consecutive fall in trading, Market again took the strong position on Tuesday. The Sensex strengthened by 77.38 points, to 37,886.29, while the Nifty rose by 20.95 points to 11,375.20. The Sensex strengthened by 116.49 points at 10.09 a.m., reached at 37,925.40 and the Nifty was trading at 11,395.25 with an increase of 41.00 points at the same time.
In the first trading session of the week, the Sensex plunged by 355.70 points to 37,808.91 points and the Nifty slipped 102.65 points to close at 11,354.25 points. The Sensex dropped 575 points in two trading sessions. According to the workers, the fall in the market was the selling and the impact of the global market.
In the initial trading, the shares of Vedanta, ICICI Bank, SBIIN, Reliance, Bajaj Finance, Yes Bank, Axis Bank, NTPC and Kotak Bank were the major ones. In addition, shares of Infosys, Mahindra & Mahindra, TCS, ITC, Power Grid, Bajaj Auto and Maruti declined. Let us tell you that the biggest drop recorded in Infosys is about 2%.
The rupee on Tuesday rose by 15 paise to close at 68.81 against the US dollar in early trade on Tuesday by exporters' US currency. According to the currency dealers, the weakness in the American currency against other major foreign currencies and the initial increases in the domestic stock markets added support to the rupee. On Tuesday, the rupee remained stable at 68.96 per dollar on Tuesday.
