Image Source : INDIA TV Stock markets replace – January 1
Stock markets replace: Equity benchmark indices opened in damaging on Monday, the primary day of the brand new 12 months 2024, amid profit-taking after the latest sharp rally and lack of developments from world markets. In the early commerce, the 30-share BSE Sensex declined 207.29 factors to 72,032.97. Meanwhile, the Nifty additionally fell by 46.65 factors to 21,684.75 factors.
Among the Sensex corporations, Hindustan Unilever, Mahindra & Mahindra, Wipro, Axis Bank, Tata Consultancy Services, NTPC, HDFC Bank and Kotak Mahindra Bank had been the main laggards.
Tata Motors, Nestle, IndusInd Bank and Power Grid had been among the many winners. Asian markets had been closed on Monday for the New Year. The US markets ended marginally decrease on Friday. Global oil benchmark Brent crude declined 0.14 per cent to USD 77.04 a barrel.
According to alternate information, Foreign Institutional Investors (FIIs) purchased equities price Rs 1,459.12 crore on Friday. The BSE benchmark fell 170.12 factors or 0.23 per cent to settle at 72,240.26 on the final buying and selling day of 2023 on Friday. The Nifty declined 47.30 factors or 0.22 per cent to settle at 21,731.40.
Rupee towards greenback
Meanwhile, the rupee began the brand new 12 months on a flat notice and depreciated 3 paise to 83.19 towards the US greenback within the morning session, amid a damaging development in home equities and greenback demand from importers. Forex merchants stated the rupee is buying and selling in a slender vary because the help from easing crude oil costs was negated by the energy of the American forex within the abroad market.
At the interbank overseas alternate, the rupee opened at 83.18 towards the greenback, then fell to 83.19, registering a fall of three paise over its earlier shut. In the preliminary commerce, the rupee additionally touched an early excessive of 83.15 towards the US greenback.
(With inputs from PTI)
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