Image Source : PTI/REPRESENTATIVE Stock markets replace: October 31
Equity benchmark indices Sensex and Nifty declined amid steady international fund outflows and sluggish tendencies within the international market on Monday. The 30-share BSE Sensex declined 179.06 factors to 63,603.74 in early commerce. The Nifty dipped 49.25 factors to 18,998.
Among the Sensex companies, Tata Motors, Mahindra & Mahindra, Maruti, Power Grid, Bajaj Finance, Larsen & Toubro, Titan and Axis Bank had been the foremost laggards. Reliance Industries, Tech Mahindra, ExtremelyTech Cement and Tata Consultancy Services had been the gainers. In Asian markets, Tokyo and Hong Kong traded within the destructive territory whereas Seoul and Shanghai had been quoted within the inexperienced.
Global oil benchmark Brent crude declined 1.23 per cent to USD 89.37 a barrel. Foreign Institutional Investors (FIIs) offloaded equities value Rs 1,500.13 crore on Friday, based on change information.
Foreign Portfolio Investors (FPIs) have pulled out over Rs 20,300 crore from Indian equities this month thus far, primarily attributable to a pointy surge within the US treasury yield, and the unsure atmosphere ensuing from the Israel-Hamas battle. The BSE benchmark jumped 634.65 factors or 1.01 per cent to settle at 63,782.80 on Friday. The wider gauge Nifty surged 190 factors or 1.01 per cent to 19,047.25.
Rupee trades in slender vary in opposition to US greenback
The rupee was buying and selling in a slender vary in opposition to the US greenback in early commerce on Monday, amid a destructive pattern in home equities. Forex merchants stated the rupee is buying and selling in a slender vary as sustained international fund outflows and the energy of the American forex within the abroad market weighed on investor sentiments.
At the interbank international change, the home unit opened at 83.25 in opposition to the greenback after which touched an early excessive of 83.24, and a low of 83.26 in opposition to the dollar.
(With PTI inputs)
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