The domestic stock market again disappointed investors on Thursday and closed with a big hit. Bombay Stock Exchange (BSE) benchmark Sensex closed at 77,620.21 with a huge fall of 528.28 points. Similarly, the National Stock Exchange (NSE) index Nifty 50 also slipped 162.45 points and closed at the level of 23742.90 at the end of trading. In today’s trading, all sectors except FMCG index recorded a decline. The maximum decline of about 3 percent was recorded in Nifty Realty. Big companies like DLF, Godrej Properties, Lodha and Oberoi Realty dragged down the index.
Rupee closed at 85.87 (provisional) with rise of 4 paise.
The rupee on Thursday closed 4 paise higher at 85.87 (provisional) against the US dollar amid strengthening of the American currency and rise in crude oil prices. According to forex analysts, persistent selling in domestic equities and foreign capital outflows kept the local unit under pressure, while the dollar strengthened on improved macroeconomic prospects in the US. At the interbank foreign exchange, the rupee opened at its historic low of 85.94 and ended the session at 85.87 (provisional) against the dollar before touching an intra-day peak of 85.84, up from its previous close. It was 4 paise more.
Mixed trend in stock markets around the world
Stock markets around the world were mixed on Thursday as the latest US economic data eased tensions on Wall Street. US futures markets fell, with the S&P 500 contracting 0.2% and the Dow Jones Industrial Average falling less than 0.1%. US markets will be closed on Thursday to observe a national day of mourning for former President Jimmy Carter. In early European trading, Germany’s DAX fell 0.2% to 20,285.80, while the CAC 40 in Paris was almost unchanged at 7,454.28. According to AP news, Britain’s FTSE 100 rose 0.6% to 8,302.33. The Nikkei 225 index fell 0.9% to 39,605.09, while the dollar slipped against the Japanese yen. A dollar bought 158.08 yen, down from 158.36 late Wednesday.
Hong Kong’s Hang Seng index fell 0.2% to 19,240.89, while the Shanghai Composite index fell 0.6% to 3,211.39. In Australia, the S&P/ASX 200 fell 0.2% to 8,329.20. South Korea’s Kospi rose less than 0.1% to 2,521.90. Taiwan’s Taiex fell 1.4% and India’s Sensex was down 0.7%. In Bangkok, the SET slipped 1.8%. The S&P 500 rose 0.2% and the Dow Jones Industrial Average gained 0.3%. The Nasdaq Composite lost 0.1%. The Russell 2000 index of smaller stocks fell 0.5%.
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