Share Market Opening Bell: Stock market slips after initial rally; Sensex below 81 thousand, Nifty also falls
New Delhi| After the rise in early trading, the domestic stock market came on the red mark on Thursday. BSE’s base index Sensex on 30 shares rose 242.54 points in early trade to reach 81,198.87. At the moment, however, it is trading at 80840.44, down more than 100 points. Similarly, in the beginning, the standard index Nifty of the National Stock Exchange (NSE) also rose by 72.5 points to reach 24,539.95. At the moment, however, it is trading at 24425.45, down by more than 50 points. Earlier on Wednesday, Sensex had closed at 80,956.33, up 110.58 points or 0.14 per cent amid fluctuations, and Nifty had risen 10.30 points or 0.04 per cent to 24,467.45.
The rupee strengthened by four paise to reach 84.71 per dollar in early trade on Thursday. The rupee is likely to remain under pressure in the near future due to the strong dollar and rise in crude oil prices. In the interbank foreign exchange market, the rupee opened at 84.72 per dollar and moved in a limited range to reach 84.71 per dollar, showing an increase of only four paise against the previous closing price. The rupee had closed at 84.75 against the US dollar on Wednesday.
