Stock market fell after flat start, Sensex and Nifty fell; Rupee shines

New Delhi|The domestic stock market fell to the red mark after a flat start on Tuesday. During this period, Sensex rose 188.28 points to reach 77,261.72 in early trade and Nifty rose 52.65 points to reach 23,397.40 points. At present Sensex and Nifty are trading with a fall of more than 100 points. Also in early trade, the rupee rose 17 paise to 86.28 against the US dollar. Foreign institutional investors (FIIs) were selling on Monday and sold shares worth a net Rs 4,336.54 crore, according to stock market data.

There was a volatile trend in the domestic markets Sensex and Nifty in early trade on Tuesday. BSE Sensex rose 224.28 points to 77,297.72 in early trade. NSE Nifty stood at 23,426.30 points, up 81.55 points. However, both soon fell into negative territory. BSE Sensex fell 309.55 points to 76,763.89, while Nifty slipped 41.45 points to trade at 23,303.30.

Who benefits and who suffers?
Of the 30 Sensex listed companies, shares of Zomato, Adani Ports, Kotak Mahindra Bank, Reliance Industries, NTPC, State Bank of India, ICICI Bank and Bharti Airtel were among the losers. Shares of UltraTech Cement, Tata Motors, Sun Pharmaceuticals, ITC, HCL Technologies, Bajaj Finserv, Asian Paints and Larsen & Toubro were among the gainers.

Rupee at 86.28 per dollar
The rupee rose 17 paise to 86.28 per dollar in early trade on Tuesday as the US dollar index and crude oil prices retreated from their high levels. The rupee opened at 86.28 per dollar in the interbank foreign exchange market, showing a rise of 17 paise against the previous closing price. The local currency also peaked at 86.43 against the dollar in early trade. The rupee had closed at 86.45 against the US dollar on Monday.