Domestic stock market continues to rise; Sensex jumps 500 points, Nifty crosses 23000

New Delhi| Sensex jumped 595.42 points to 77,319.50 in early trade. Similarly, Nifty also increased by 178.45 points to reach 23,391.65. Apart from this, the rupee fell by 2 paise to 86.42 against the US dollar in early trade. Foreign institutional investors (FIIs) were selling on Wednesday and sold shares worth a net Rs 4,533.49 crore, according to stock market data.

Such was the market movement
There was a rise in domestic markets Sensex and Nifty in early trade on Thursday. BSE Sensex rose 595.42 points to reach 77,319.50 points in early trade. NSE Nifty stood at 23,391.65 points, up 178.45 points.

Who benefits and who suffers?
Among the 30 Sensex listed companies, shares of Adani Ports, Zomato, UltraTech Cement, State Bank of India, IndusInd Bank, Tata Motors, ICICI Bank and Bajaj Finserv gained the most. Shares of Nestle, Hindustan Unilever, ITC and Tata Consultancy Services remained in loss.

Rupee in early trade at 86.44 per dollar
The rupee fell four paise to 86.44 per dollar in early trade amid a strengthening US currency, rising crude oil prices and foreign capital outflows. The rupee opened at 86.42 per dollar in the interbank foreign exchange market. Slipped to 86.44 against the dollar after initial deals showing a fourpenny drop against the previous closing price. The rupee had closed at 86.40 against the US dollar on Wednesday.