The stock market opened with a decline in the morning. At 3.30 pm, both Sensex and Nifty closed in the red. Talking about Sensex, Sensex fell by 450.94 points and closed at 78,248.13 points. While Nifty closed 153.40 points down at 23,660 points. The special thing is that this morning the market started with a decline.
The domestic stock market had a slow start on the first day of the last trading week of the year. In early trade, Sensex was down 142.26 points at 78,556.81 and Nifty was down 48.35 points at 23,765.05. Apart from this, the rupee fell by 5 paise to reach a new record low of 85.53 against the US dollar in early trade.
this is how the market went
Sensex and Nifty fell in early trade on Monday amid foreign capital withdrawal and weak trend in global markets. BSE Sensex closed 142.26 points down at 78,556.81. NSE Nifty fell 48.35 points to 23,765.05. According to stock market data, foreign institutional investors (FIIs) were sellers on Friday and bought Rs. Shares worth Rs 1,323.29 crore were sold.
Who benefits and who suffers loss?
Among the 30 companies listed on the Sensex, shares of Infosys, Mahindra & Mahindra, HCL Technologies, Titan, Power Grid, Tech Mahindra, Kotak Mahindra Bank and Tata Motors fell the most. Shares of Adani Ports, Zomato, UltraTech Cement and ITC rose.
Asian and American market situation
In Asian markets, Hong Kong’s Hang Seng, China’s Shanghai Composite and Japan’s Nikkei were in loss while South Korea’s Kospi was in profit. On Friday, US markets closed with a negative trend.
Rupee was at 85.53 per dollar in early trade
The rupee fell five paise to 85.53 per dollar in early trade on Monday. Investor sentiment was affected amid heavy demand for dollars from importers, withdrawal of foreign capital and soft sentiment in local stock markets, which put pressure on the local currency. In the interbank foreign exchange market, the rupee opened on a weak note and fell at 85.53 against the American currency, which is five paise less than its previous closing price. The rupee closed at 85.48 against the US dollar on Friday.
