Share Market Opening Bell: Stock market opened on red mark; Sensex-Nifty slipped, rupee rose against dollar
New Delhi| The domestic stock market opened on the red mark on Tuesday. Sensex fell 201.06 points to 77,110.74 in early trade, while Nifty was seen trading 79.55 points to 23,302.05. In similar early trade, the rupee rose by 10 paise to reach $87.35 against the US dollar. Earlier, according to stock market data, foreign institutional investors (FIIs) were selling on Monday. He sold shares worth a net Rs 2,463.72 crore.
The rupee rose 61 paise to 86.84 against the US dollar in early trade on Tuesday. Growing fears of a trade war have led to macroeconomic uncertainty, which has had a considerable impact on global currency markets. The rupee had approached the $88 level on Monday amid this uptick.
The rupee had closed at 87.45 on Monday
In the interbank foreign exchange market, the rupee opened at 87.45 against the dollar and then peaked at 86.84 against the US currency in morning trade, showing a gain of 61 paise over the previous closing price. The rupee had closed at 87.45 on Monday.
