There was a decline in the domestic stock market during early trading on Tuesday. At 9.26 am, BSE Sensex was trading at the level of 85,500.07 with a fall of 141.83 points. Similarly, at the same time, NSE Nifty was seen trading at the level of 26,144.25, falling 31.5 points. BSE Midcap and Smallcap indices are trading stable (flat) today. On Nifty, Asian Paints, Maruti Suzuki, NTPC, SBI, Trent are among the big gainers, while ICICI Bank, Bajaj Finserv, Bajaj Finance, Shriram Finance, Reliance Industries are among the losers. Among sectors, the media index was down 0.5%, while the PSU bank index rose 1%. Investors are keeping an eye on today’s mixed market performance and the direction of major stocks.
Rupee falls by 32 paise to its lowest ever level
The rupee fell 32 paise to an all-time low of 89.85 against the US dollar in early trade on Tuesday. It came under pressure due to the strength of the American currency in foreign markets and continuous outflow of foreign funds. Forex traders said strong dollar demand from corporates, importers and foreign portfolio investors put pressure on the rupee. Additionally, rising crude oil prices further soured investor sentiment. At the Interbank Foreign Exchange, the rupee opened at 89.70 against the US dollar and then fell to a record low of 89.85, 32 paise lower than its previous close. On Monday, the rupee closed at 89.53 against the US dollar after falling as low as 89.79 in intraday trade.
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