Free Share Market Tips expert says, The stock market started flat on Tuesday. Investors are taking the cautious stance on weakness in the markets and rupee declines in the world. At the beginning of the trading, the Sensex is trading at 35279 with the strength of 16 points and the Nifty is 3 points weak at 10654 levels. Nifty is a fall in all index except IT and auto index. Bank and realty stocks are among the worst declines. On Monday, the Sensex slipped 159 points to close at 35264 and the Nifty ended 57 points down at 10657 levels.
What stocks fall, the boom in
During the business, shares of SBI, Infosys, Infratel, NTPC, Wipro, Linde India Limited, RTN Power and Bajaj Hindustan Sugar Ltd are showing up to 5.30%. At the same time, shares of Vakrangi, DBL, Avantipeds, Vedanta, ICICI Bank, BPCL, GAIL, Grasim, Quality and IDBI are showing a decline of 5 per cent.
Metal, sharp decline in bank stocks
According to the Free Share Market Tips, Metal and bank shares have declined during the business. The metal index is down 1.22 percent on the Nifty. On the other hand, PSU Bank Index was 0.45 per cent, private bank index 0.32 per cent, Bank Nifty 0.22 per cent, Realty Index down 0.80 per cent. The auto index is up 0.11 percent and the IT index is up 0.18 percent. The BSE midcap index was down by 54 points and the smallcap index dropped 44 points.
Rupee recovers 10 paise to Rs.
Due to weak global signals and macroeconomic concerns, the decline in rupee has increased. On Tuesday, the rupee weakened 10 paise to 68.90 per dollar, the weakest opening of the rupee.
Experts believe that the rupee can now cross the level of 69 per dollar and take its record. On Monday, the rupee depreciated by 34 paise against the dollar and closed at the 5-year low level at 68.80 level. Earlier, on August 28, 2013, the rupee was shown at this level.
What stocks fall, the boom in
During the business, shares of SBI, Infosys, Infratel, NTPC, Wipro, Linde India Limited, RTN Power and Bajaj Hindustan Sugar Ltd are showing up to 5.30%. At the same time, shares of Vakrangi, DBL, Avantipeds, Vedanta, ICICI Bank, BPCL, GAIL, Grasim, Quality and IDBI are showing a decline of 5 per cent.
Metal, sharp decline in bank stocks
According to the Free Share Market Tips, Metal and bank shares have declined during the business. The metal index is down 1.22 percent on the Nifty. On the other hand, PSU Bank Index was 0.45 per cent, private bank index 0.32 per cent, Bank Nifty 0.22 per cent, Realty Index down 0.80 per cent. The auto index is up 0.11 percent and the IT index is up 0.18 percent. The BSE midcap index was down by 54 points and the smallcap index dropped 44 points.
Rupee recovers 10 paise to Rs.
Due to weak global signals and macroeconomic concerns, the decline in rupee has increased. On Tuesday, the rupee weakened 10 paise to 68.90 per dollar, the weakest opening of the rupee.
Experts believe that the rupee can now cross the level of 69 per dollar and take its record. On Monday, the rupee depreciated by 34 paise against the dollar and closed at the 5-year low level at 68.80 level. Earlier, on August 28, 2013, the rupee was shown at this level.
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