Stock markets replace: Equity benchmark indices opened in destructive on Tuesday, on the second day working in 2024, amid the latest sharp rally and lack of traits from international markets. In the early commerce, the 30-share BSE Sensex declined 202.76 points to 72,069.18. Meanwhile, the Nifty additionally fell by 42.9 points to 21,699 points.Â
Among the Sensex corporations, UltraTech Cement, Mahindra & Mahindra, Infosys, Asian Paints, HCL Technologies and Larsen & Toubro have been the key laggards. Sun Pharma, Bharti Airtel, Reliance Industries, Bajaj Finserv and Power Grid have been among the many winners.
Asian and US markets
In Asian markets, Seoul, Shanghai and Hong Kong have been buying and selling decrease. Asian, European and US markets have been closed on Monday for the New Year. Global oil benchmark Brent crude jumped 1.65 per cent to USD 78.31 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities price Rs 855.80 crore on Monday, in response to trade information. The BSE gauge eked out a modest achieve of 31.68 points or 0.04 per cent to settle at 72,271.94 after a muted starting on Monday.
Rupee falls towards greenback
Meanwhile, the rupee depreciated 11 paise to 83.32 towards the US greenback in the morning session on Tuesday, monitoring a destructive pattern in home equities and the power of the American foreign money in the abroad market. Forex merchants stated overseas fund outflows and greenback demand from importers weighed on investor sentiments.
At the interbank overseas trade, the rupee opened at 83.28 towards the greenback, then fell to 83.32, registering a fall of 11 paise over its earlier shut.
(With PTI inputs)
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