Rudra Investment Free Share Market Tips expert says, Due to mixed signals in markets around the world, there was a weak start in the domestic stock market on Monday. At the start of the business, the Sensex dropped to the level of 35636 with 53 points weakness. At the same time, the Nifty is trading at the level of 10811 with 11 points weakness. Business visits have weakness in bank and auto stocks. On the other hand, buying is seen in pharma and metal stocks. On Friday, the Sensex climbed 257 points to level at 35689 and the Nifty gained 81 points to close at 10822 level.
What stocks fall, the boom in
During the business, shares of Infosys, Lupine, Vedanta, PNB Housing, Wakranagi, Red Path help, Avanti Feeds and Fortis have risen. At the same time, stocks of Dr. Reddy, ICICI Bank, SBI, Yes Bank, Tata Motors, FIN Cables, Idea, Emami, BPCL and Procter & Gamble have remained weak.
Rupee depreciates by 6 paise
Rupee's weak start against the dollar on Monday Rupee six paise lower at 67.90 dollars per dollar than the dollar. Earlier, the rupee had closed 14 paise higher at 67.84 per dollar against the dollar in the trading session on Friday. The rupee had closed at 67.98 per dollar on Thursday.
Asian Market weakens by fear of a trade war
According to the Free Share Market Tips expert, Due to the fears of a trade war, there is a weakness in the Asian markets on Monday. The Nikkei 90 points weak at the 22426 level, the downtrend of the Sensex fell 32 points, the Hang Seng 111 points weakened, and the fall of 29227, Taiwan Weighted 77 points weakened by 10821 and the SGX Nifty 35 points weakening at the level of 10802. Although Kospei has 0.16 points and Shanghai Composite is looking at 5 points.
Crude prices fall
On Friday, in Vienna, the rise in crude prices after a major decision about raising crude production by OPEC countries has stopped. Crude prices have come to $ 74.10 a barrel. However, after OPEC's decision, the prices had risen to $ 75.55 a barrel.
It is believed that by the OPEC countries as crude supply decisions will be brought into effect, crude prices could fall. In view of the rising prices of crude in the international market, Saudi Arabia has proposed to control prices by increasing supply. OPEC countries have agreed to raise 10 million barrels of crude production every day. Philal Market is also eyeing the crude movements.
What stocks fall, the boom in
During the business, shares of Infosys, Lupine, Vedanta, PNB Housing, Wakranagi, Red Path help, Avanti Feeds and Fortis have risen. At the same time, stocks of Dr. Reddy, ICICI Bank, SBI, Yes Bank, Tata Motors, FIN Cables, Idea, Emami, BPCL and Procter & Gamble have remained weak.
Rupee depreciates by 6 paise
Rupee's weak start against the dollar on Monday Rupee six paise lower at 67.90 dollars per dollar than the dollar. Earlier, the rupee had closed 14 paise higher at 67.84 per dollar against the dollar in the trading session on Friday. The rupee had closed at 67.98 per dollar on Thursday.
Asian Market weakens by fear of a trade war
According to the Free Share Market Tips expert, Due to the fears of a trade war, there is a weakness in the Asian markets on Monday. The Nikkei 90 points weak at the 22426 level, the downtrend of the Sensex fell 32 points, the Hang Seng 111 points weakened, and the fall of 29227, Taiwan Weighted 77 points weakened by 10821 and the SGX Nifty 35 points weakening at the level of 10802. Although Kospei has 0.16 points and Shanghai Composite is looking at 5 points.
Crude prices fall
On Friday, in Vienna, the rise in crude prices after a major decision about raising crude production by OPEC countries has stopped. Crude prices have come to $ 74.10 a barrel. However, after OPEC's decision, the prices had risen to $ 75.55 a barrel.
It is believed that by the OPEC countries as crude supply decisions will be brought into effect, crude prices could fall. In view of the rising prices of crude in the international market, Saudi Arabia has proposed to control prices by increasing supply. OPEC countries have agreed to raise 10 million barrels of crude production every day. Philal Market is also eyeing the crude movements.
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