Share Market Started with a Jump, Rupee Continues to Fall

The Indian stock market started with a slight increase on the second trading day of the week. At the same time, the rupee depreciation continues.
Image Credit: The Financial Express
Image Credit: The Financial Express

Beginning on the first trading day of the week, the Indian stock market started on Tuesday after heavy fluctuations. In the initial 10 minutes, the Sensex is trading with a gain of 175 points, but if you talk about the Nifty, then it is 60 points faster. During this, the Sensex reached level of 36 thousand 900, while the Nifty crossed the figure of 10 thousand 900. However, during this period, the rupee again declined against the dollar.

Banking and auto sector stocks rose in early trade. The shares of IndusInd Bank, Yes Bank, Axis Bank, ICICI Bank and SBI have risen more than 1%. Similarly, in the auto sector, Tech Mahindra, Tata Motors, Hero MotoCorp and Maruti's shares also became stronger than 1%.

Let me tell you that on the Monday, due to the political upheaval of Jammu and Kashmir, the stock market was stagnant. Apart from this, there was also the effect of global weakness and rupee depreciation. At the end of trading, the Sensex fell 418 points to 36,700 points. This is a lower level of about five months. During the trading, the Sensex touched a low of 36,416.79 points and touched a high of 36,844.05 points. Similarly, the National Stock Exchange's Nifty closed 134.75 points or 1.23 percent down at 10,862.60 points.

The rupee opened 6 paise against the dollar in early trade on Tuesday. Earlier, on Monday, the rupee closed at Rs 70.74 against the dollar at the closing level of Rs 1.14 per dollar. At the same time, the rupee had fallen to 69.60 per dollar against the dollar on Friday.

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