Flat start of Indian stock market, Sensex close to 58 thousand, slight strength in Nifty too. Flat start of Indian stock market, Sensex close to 58 thousand, slight strength in Nifty too

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Photo:FILE Share Market

indian stock market Today is off to a flat start. Sensex and Nifty are moving in red and green mark in early trade. After the initial 5 minutes of trading, the BSE Sensex is trading at 58,258.33 points with a gain of 20.48 points. On the other hand, the NSE Nifty is trading at 17,153.50 points with a slight gain of 0.80 points. If we look at the stocks included in the Sensex, then even today pressure is being seen in the banking stocks. Today, for the second day, the shares of Tata Motors are seeing a decline. Nifty 50 also has a mixed trend. In Nifty, 24 stocks are trading in green mark and 24 in red mark. At the same time, there is no change in 2 stocks. The indices which are seeing strength today include IT stocks. Let us tell you that the effect of America’s Silicon Valley Bank sinking is being seen in the markets around the world for the last two days. Its effect is also being seen in the Indian market. Today stocks of all 10 companies of Adani Group are trading in red mark.

Nifty moves in early trade


nifty

Image Source : NSE

nifty

Top 5 gainers and losers in a volatile market

Top 5 gainers and losers

Image Source : FILE

Top 5 gainers and losers

The market closed with a heavy fall

Most Asian markets were trading with losses on Tuesday due to the failure of Silicon Valley Bank and Signature Bank in the US. Sensex and Nifty were in loss for the third consecutive session on Monday. The 30-share Sensex closed at 58,237.85, down 897.28 points, or 1.52 per cent, its lowest level in five months. At the same time, the National Stock Exchange’s Nifty also closed at 17,154.30 points, down 258.60 points, or 1.49 percent. Foreign institutional investors sold shares worth Rs 1,546.86 crore on Monday.

rupee breaks against dollar

The rupee depreciated 12 paise to 82.35 against the US dollar in early trade on Tuesday due to strengthening of the US dollar and outflow of foreign capital from domestic equity markets. At the interbank foreign exchange market, the rupee opened weak at 82.27 against the dollar and then recovered to 82.24 with some gains. However, later it was at 82.35 registering a decline. The rupee had closed at 82.23 against the US dollar on Monday. Meanwhile, the dollar index, which reflects the US dollar’s position against a basket of six major currencies, rose 0.26 per cent to 103.86. Global oil benchmark Brent crude futures were down 1.08 per cent at $79.90 a barrel.

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