Stock market down: Sensex below 39000, Nifty down 85 points
The stock market is closed today. The Indian market slipped before the weekly expiration, when a weak global signal put pressure on the market. The 25-share Sensex ended with a fall. At the same time, the 50-share sensitive index Nifty on the National Stock Exchange fell 85.30 points to close at 11,519.25. Nifty stocks closed with only 12 green marks.
Sales have dominated all 12 stocks of Nifty Bank and all stocks are off the red mark. In this downturn in the market, pharma and IT stocks were buying, while the IT index closed at a record high (19,602.7575) today. Auto, banking, realty and metals stocks have been found to be under pressure.
The rupee lost 14 paise to 73.66 against the US dollar.
The rupee had lost 14 paise to close at 733.66 (temporary) on Thursday on the back of a weak trend in the domestic stock market. In the interbank foreign exchange market, the local currency opened at 733.70 with a weak trend and closed at 733.66 against the US dollar, indicating a 14 paise decline over the previous close. During the day’s trade, the rupee touched a high of .63.44 against the dollar and a low of 783.7878. The rupee rose 12 paise to 73.52 against the US dollar on Wednesday. Meanwhile, the dollar index against six currencies showed the strength of the US dollar, falling 0.06 percent to 93.15. Global oil standard Brent crude futures fell 0.33 percent to মার্কিন 42.08 a barrel.
The stock market, which started at a fast pace for several days, opened today with a downward trend. The 30-share Sensex of the Bombay Stock Exchange rose 172.21 points to 39,120.64. At the same time, the Nifty on the National Stock Exchange opened lower at 11,539. In early trade, the Sensex was down 184 points at 39,118.73, while the Nifty was down 49 points at 11,115. On Wednesday, the Sensex rose 258.50 points, or 0.66 percent, to close at 39,302.85 points. Similarly, the wide-based National Stock Exchange Nifty rose .2,7575 points, or 0.7222 percent, to 11,604.55.