Sensex Is Up 120 Points, Nifty Closes At 17750: Stock Market Has Improved
Sensex is up 120 points, Nifty closes at 17750. The stock market has improved thanks to purchases in the last session.
Sensex’s stock benchmark closed at 123 points for the third straight time on Wednesday. However, the rupee’s weakness against major currencies has put pressure on market sentiment and limited growth.
The 30-week BSE Sensex closed at 60,348.09 at 123.63 points (0.21%). The intraday high was 60,402.85 and the low was 59,844.82. NSE Nifty closed up 42.95 points (0.24%) at 17,754.40.
The Leader Who Wins And Loses.
IndusInd Bank rose 4.75% on the Sensex chart, followed by M&M, L&T, NTPC, ITC, Ultra Cement, Tata Steel, Maruti, and SBI. Shares of Bajaj Finance, Tech Mahindra, Infosys, and Sun Pharma fell 2.30%.
The BSE Mid Cap Index rose 0.61% and the Small Cap Index rose 0.28%. The stock market was closed on Tuesday due to Holi.
State Of The World Market.
In Asia, the Shanghai, Seoul, and Hong Kong exchanges closed in the red, while the Tokyo exchange ended positively. European stock markets traded in the red during the afternoon.
Yesterday the US market closed sharply lower. The rupee closed 13 pips against the US dollar on Wednesday at 82.05 (briefly). International benchmark Brent crude fell 0.16% to $83.16 per barrel.
Foreign institutional investors (FIIs) were net buyers in the capital market on Monday, buying shares worth Rs 721.37 million, according to stock data.
Rupiah weakens against the US dollar.
Against the US currency on Wednesday, the rupee closed 11 pips lower at 82.03 provisional as the dollar strengthened overseas.
The dollar index rallied on fears of a 50 basis point hike in interest rates at the Federal Open Market Committee (FOMC) meeting.
In the foreign exchange market, the rupiah started at 82.25 against the US dollar and closed at 82.03 (provisional), down 11 pips from the previous day’s close.
