The market has started with a fall on Monday after the disappointing atmosphere last week. The Bombay Stock Exchange (BSE) 'Sensex opened with a 150-point fall and the National Stock Exchange (NSE) Nifty also opened at 11,400. At 9.17 a.m., the BSE Sensex was trading 200 points down at 38,139.06. On the other hand, the National Stock Exchange's Nifty fell 56.50 points to 11362.80.
In early trading, there was a decline in rupee. Rupee drops by 10 paise to 68.90 against dollar The rupee closed at 68.80 on Friday.
Talking about last week, there was an atmosphere of disappointment in the Indian stock market on Friday. Because of this, there is a big drop in Sensex and Nifty. On the last trading day of the week, the Sensex dropped 560 points to end at 38,333. On the Nifty, it fell to 11,420 with a fall of 117.65 points. This level of the stock market is at the lower level of two months. Investors also felt the shock of this fall in the market and their Rs 2.09 lakh crore was sank in one day.
In the Indian stock market this week, there will be signs of foreign currency derivatives from the foreign markets, as well as the financial results of the major companies, the report of progress of monsoon, crude oil prices in the international market and rupee movement against the dollar. However, for the end of the contracts of futures and options contracts during the week, the traders will make their positions in the next month's F & O contracts, which can lead to market hours.
Also, the market focus will be on the interest of foreign portfolio investors (FPIs) and domestic institutional investors' investment, as the sale of FPI has been a condolence atmosphere on Dalal Street last week.
In the domestic stock market, after the sharp fall in the last week of the week, recovery in the market can be seen at the beginning of this week as the market sentiment will be seen on the financial results of Reliance Industries and HDFC Bank last week.
Consolidated Net Profit of Reliance Industries Limited (RIL) increased 6.8 percent in the first quarter of the financial year 2019-20 compared to the previous year. RIL has reported its consolidated income of Rs 1,72,956 crore in the first quarter of this financial year, which is 22.1 per cent higher than the income of Rs 1,41,699 crore in the same period last year. HDFC Bank said on Saturday that its net profits increased 21 percent to Rs 5,568.2 crore in the first quarter of the current financial year compared to the same period last year.
