Stock market: Sensex touched 39,000 level, Nifty strong 81 points

Stock market: Sensex touched 39,000 level, Nifty strong 81 points

The positive global trend and the inflow of foreign funds strengthened the market sentiment on the second trading day of the week and closed on the upside. The Bombay Stock Exchange’s leading index Sensex gained 0.74 per cent to close at 39044.35, up 287.72 points. At the same time, the National Stock Exchange’s Nifty gained 0.71 percent (81.75 points) to close at 11521.80.

The rupee lost 16 paise to close at 73.64 (temporary) per dollar on Tuesday, despite the positive trend in the domestic stock markets. The rupee fluctuated greatly in the interbank foreign currency exchange market. The rupee finally ended with a loss of 16 paise to close at 73.64 per dollar after opening with a strong trend at 73.33 per dollar. The rupee had closed at 73.48 per dollar in the previous trading session.

During the day’s trade, the rupee rose to a high of 73.33 per dollar. It also came to a low of 73.72 per dollar. Meanwhile, the dollar index, showing dollar trend against the six currencies, declined by 0.16 per cent to 92.90.

Talking about the big stocks, today the shares of IndusInd Bank, Cipla, UPL, Axis Bank and Bharti Airtel closed on the green mark. The shares of Titan, Maruti, HDFC Life, Itcher Motors and ITC closed at the red mark.

If we look at the sectoral index, today IT, finance services, banks, PSU banks, pharma and private banks closed on the green mark. Media, auto, realty, FMCG and metal on the red mark.

The Sensex opened up 124.61 points, or 0.32 per cent, at 38881.24 levels in early trade and the Nifty opened 0.37 per cent, or 42.45 points higher at 11482.50.

The Sensex was down 97.92 points at 38756.63, down 0.25 percent, and the Nifty closed 0.38 per cent (43.40 points) down at 11421.05 on the previous trading day.

News Source: NewsCrab.Com

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