After the news of skirmish on the India-China border again, the stock market closed on a strong decline on Monday, the first trading day of the week. While the stock market was closed at an edge for the last six trading days. The Bombay Stock Exchange’s leading index Sensex lost 2.13 per cent, down 839.02 points to close at 38628.29. At the same time, the National Stock Exchange’s Nifty closed down 2.62 percent at 11342.45, down by 305.15 points.
Due to this, selling in the market
There has been a clash between the soldiers of India and China once again. The clash is reported to have occurred near Pangong Tso Lake on the night of 29 August. The government has said that our brave soldiers have thwarted the intrusion of Chinese soldiers. At the same time, sources have said that China wanted to infiltrate with 500 soldiers. Due to this, there is a sell-off in the market.
The rupee lost initial profit
On Monday, the rupee lost its initial gains and fell 21 paise to close at 73.60 (temporary) per dollar due to the fall in domestic stock markets and the strengthening of the US currency. Forex dealers said tensions at the border between India and China weakened investor sentiment. The rupee opened strongly at 73.26 per dollar in the interbank foreign exchange market. But in the end, it closed at 73.60 per dollar with a loss of 21 paise in the midst of extremely volatile business.
The rupee had closed at 73.39 per dollar in the previous trading session. The rupee also touched a high of 73.25 per dollar and a low of 73.80 per dollar during trading. Sriram Iyer, the senior research analyst at Reliance Securities, said, “The rupee depreciated against the dollar amid increasing geopolitical tensions between India and China.” GDP figures for the June quarter may also be released today.
Such was the situation of veteran shares
Talking about the big stocks, today the shares of all the companies, except ONGC and TCS, closed on the red mark. The top losers include Sun Pharma, SBI, Cipla, Bajaj Finserv, Zee Ltd, IndusInd Bank, NTPC, Itcher Motors, Bajaj Finance, and Shree Cement.
Monitoring of sectoral index
If we look at the sectoral index, then all the sectors closed on the red mark. These include Metal, FMCG, Auto, IT Pharma, Realty Media, Banks, PSU Banks, Finance Services, and Private Banks.
The market was open on the green mark
In early trade, the Sensex opened 508.09 points, or 1.29 per cent, above the level of 39975.45, and the Nifty opened 1.12 per cent, or 129.95 points, at 11777.55. reached. At the same time, the Nifty had fallen by 1.75 per cent, ie 203.65 points to reach the level of 11443.95.
The market was closed on the previous trading day
The stock market closed at the edge of the last six trading days. On Friday, the Sensex gained 0.90 per cent to close at 39467.31, up 353.84 points and the Nifty was up 0.83 per cent to end at 11655.25 with a gain of 96 points.