Share Market Opening Bell: Domestic stock market returns; Sensex rises 248 points, Nifty also rises
New Delhi| A rise was seen in the domestic stock market on Wednesday. Sensex rose 248.21 points to 76,086.57 in early trade, while Nifty was seen trading 95.50 points to 23,120.15. Simultaneously, the rupee opened 1 paise lower at 86.59 against the US dollar in early trade. Foreign institutional investors (FIIs) were selling on Tuesday and sold shares worth a net Rs 5,920.28 crore, according to stock market data.
Sensex and Nifty started trading with a positive trend on Wednesday amid mixed trend in global markets. The BSE Sensex climbed 366.49 points, or 0.48 per cent, to reach 76,204.85 points. NSE Nifty stood at 23,105.25 points with a gain of 80.60 points or 0.35 per cent.
Who suffers loss and who benefits?
Of the 30 Sensex listed companies, shares of Infosys, Sun Pharmaceutical, Tata Consultancy Services, ITC, ICICI Bank, Titan, Tech Mahindra, HDFC Bank, Bharti Airtel and Bajaj Finance gained. Shares of Zomato, Tata Motors, PowerGrid, IndusInd Bank, State Bank of India, Tata Steel and Adani Ports fell the most.
Huge fluctuations in early trading of rupee
There was huge fluctuation in the rupee in morning trade on Wednesday. The rupee opened at 86.56 per dollar in the interbank foreign exchange market and then fell to a low of 86.71 against the dollar in the morning’s highly volatile session. The rupee had closed at 86.58 against the US dollar on Tuesday.
