Opening of the stock market on Tuesday: Today is the first day of the week. Vegetation is visible in the stock market. Sensex began its activity with a jump of 137 points (60,829). At the same time, Nifty is also trading at 18,804 with a gain of 43 points. Let me tell you, despite a good start yesterday, the BSE Sensex fell 311.03 points to close at 60,691.54 points. Similarly, the NSE Nifty also lost 99.60 points to close at 17,844.60 points. Banking and IT stocks both fell yesterday. Heavyweight Reliance shares also fell. While UltraTech Cement, HCL Tech, Mahindra & Mahindra shares gained momentum. The changes can be seen in the market today.
Can you change the game today?
- Oil prices rose more than 1 percent on Monday. Brent crude rose $1.07, or 1.3 percent, to close at $84.07 a barrel. U.S. March West Texas Intermediate (WTI) crude, due Tuesday, rose 85 cents, or 1.1 percent, to $77.19.
- India’s domestic air traffic nearly doubled in January compared to the same month last year. According to the data released by the General Directorate of Civil Aviation (DGCA) on February 20, the number of passengers increased to 125.42 lakhs. However, domestic air traffic fell by 1.5% in January compared to the December 2022 reading, which stood at 127.35 lakh passengers. Air traffic is still below pre-Covid levels. Domestic airlines carried 127.83 lakh passengers in January 2020.
- In the previous session, the rupee had gained 10 paise to close at 82.73 to the dollar. Weakness in the domestic stock market limited the rupee’s gains.
Low returns on the Indian stock market have put foreign investors in trouble. Because of this, he too is becoming disillusioned. The effect of him is visible in his inversions. His investment is continuously declining in the Indian market. According to a Morningstar report, investment by foreign portfolio investors (FPIs) in domestic stocks dropped to $584 billion by the end of December 2022, down 11% from the previous year. This drop is largely due to low returns on Indian equities and the outflow of foreign funds from the domestic stock market.
latest business news