Sensex and Nifty could not withstand the initial gains.
- Sensex gained some momentum at the beginning of the day, with Sensex at 170 and Nifty at over 10,600. The gains were driven by banking, automotive and IT stocks, along with fresh foreign capital inflows and easing global oil prices. High Rs and mixed leads from other Asian markets also affected sentiment. Merchants have a positive outlook that foreign investors have supplied fresh funds to the market and global crude oil prices have fallen further. Domestic institutional investors (DII) sold stocks at a price of RMB 272.34, but foreign institutional investors (FII) bought RMB 277.38 net worth.The rupee gained strength in the foreign exchange market up to 72.15 against the dollar. Major revenue sources are Adani Ports, Tata Motors, Hero MotoCorp, Infosys, Kotak Mahindra Bank and Asis Bank. Yes the bank was the biggest loser (about 7% down).The US Dow Jones Industrial Average fell 0.81% on concern over continued trade, political and economic growth.
11:41 AM IST Ujjivan financial services surpass stocks to gain profits.The holding company of Ujjivan Small Finance Bank, a holding company of Ujjivan Small Finance Bank, and Ujjivan Financial Services have a share of 233 rupees in 7% today. The company posted a net profit of Rs.4.43 billion in the second quarter. The same period last year.
9:40 am Rupee strengthens for the third day.The Indian rupee rose on Thursday for the third consecutive year in the light of Asian currency strength and falling oil prices. At 9.15am, the home currency was trading at 0.38% from the end of 72.31 of its Wednesday at 72.06. The currency opened at 72.06 per dollar. The yield on the 10-year government bond dropped to 7.732% from 7.733% previously. Bond yield and price move in opposite directions.