Share bazaar News: The domestic stock markets on Wednesday recorded a decline in early trade as the Asian markets. BSE Sensex fell 554.02 points to 73,673.06 points in early trade. NSE NIFTY scored 178.85 points to 22,357 points. Among the companies included in the Sensex, Tata Steel, Tech Mahindra, Infosys, HCL Tech, Tata Consultancy Services, Sun Pharma, Larsen & Tobro and NTPC shared the most damage. Shares of Power Grid, Nestle, Mahindra & Mahindra and Hindustan Unilever were in profit.Also Read: Share Bazaar: Sensex 1089 and NIFTY 374 points up in the stock market
In Asian and American markets: In the Asian markets, Hong Kong’s Hangseng, Japan’s Nikki 225, China’s Shanghai SSE Composite and South Korea’s Cappey were in loss. Nikki 225 declined by 3.63 percent. The US markets were in decline on Tuesday. The Brent Crude fell by 2.90 percent to $ 61 per barrel.
FII (FII) is selling on Tuesday: According to data from the stock market, foreign institutional investors (FIIs) were selling on Tuesday and purely sold shares worth Rs 4,994.24 crore.Also Read: Loans will be given in lieu of shares and mutual funds
Rupee lost 30 paise to 86.56 per dollar in early trade: The rupee fell 30 paise to 86.56 per dollar (Dollar) on Wednesday on early trade. Foreign currency traders said that despite a steep fall in crude oil prices and the weakening of the American currency, there is a possibility of trade war worldwide. Due to this, there is a possibility of global economic recession, which is increasing the withdrawal of foreign capital and has reduced the stock market.Also Read: Trump Tariff and China’s retaliation caused a huge decline in global stock markets, Sensex and NIFTY slipped
Interbank foreign currency exchange market The rupee opened at 86.52 per dollar. Then reached a low of 86.60 per dollar, although again, slightly stronger to 86.56 per dollar, showing a decline of 30 paise in the previous closed price. The rupee lost 50 paise to close at 86.26 on Tuesday. (Language)
Edited by: Ravindra Gupta