On Tuesday, the Domestic stock market remained lucrative in the midst of mixed business and rupee rally in the global markets. Although a downturn in the initial business was necessary, but a spectacular return was recorded later. The Sensex is trading at around 40145 level with weakness of around 125 points. On the other hand, the Nifty also remained in the balance of 12050 with a weak weakness.
Yes Bank's shares rose more than 2.75 per cent in early trading. Likewise, shares of NTPC, Power Grid, L & T and Tata Motors are trading higher than 1%. The stocks that closed on the red mark are; HCL, TCS, Hero MotoCorp and Infosys.
Meanwhile, the strong rupee against the dollar remained strong on Tuesday. Rupee jumped 11 paise to Rs 69.15 per dollar at 9 pm and then proceeded to 69.42 making the gain. In the previous session, the rupee had gained 44 paise to close at 69.26 against the dollar.
Earlier on Monday, the Indian stock market touched historic highs and closed at record high levels. After touching the record level of 40 thousand 308, the Sensex closed 553 points, or 1.39 percent, at the end of the trading, at 40, 267 on the previous session. This record is the level of closing.
Similarly, the Nifty also slipped from the high level of 12 thousand 103 and closed the record level of 12,88 with a rise of 165 points i.e. 1.39 percent from the previous session.
Market analysts say that the Reserve Bank of India (RBI) will remain bullish on the market due to expectations of major interest rates cut in the bimonthly monetary policy review meeting. Let us know that the results of the RBI meeting are due on Thursday. It is expected that the RBI can cut the repo rate.
