Share Market Today: Indices Rally Ahead, Sensex Tests 74,600. Rupee Plunges 30 Paise Vs Dollar In Early Trade
The Indian equity markets opened the trading week on a higher note. In the early market hours, the key equity benchmarks attempted to rally ahead and began the session in green. As of 9:21 AM, the BSE Sensex stood above the 74,400 mark, climbing over 70 points, while the NSE Nifty50 traded at 22,568.85, clocking a gain of merely 16 points. However, as markets progressed, the indices showed signs of progress and continued to climb higher. Around 9:58 AM, the Sensex jumped more than 400 points and stood over the 74,700 mark at 74,734. Meanwhile, the Nifty stood higher by more than 100 points in the session above 22,650. Broader Markets On the 30-share Sensex platform, PowerGrid, Hindustan Unilever, Adani Ports, Bajaj Finserv, and Bajaj Finance emerged among the gainers in the session. On the flip side, the laggards included IndusInd Bank, Zomato, L&T, Titan, and M&M. In the broader markets, the Nifty Microcap 250 traded in red and slipped 0.75 per cent. Meanwhile, the Nifty50 and Nifty100 indices dominated and stood 0.45 per cent and 0.42 per cent higher respectively. Sectorally, the FMCG index clocked the majority gains and stood higher by 0.89 per cent, while the laggards were dominated by the Consumer Durables index which slipped 0.27 per cent. Also Read : Gold Rate Today (March 10): Check Out Gold Prices In Delhi, Mumbai, Bengaluru, Ahmedabad, More Cities Rupee Vs Dollar The Indian rupee suffered a terrible fall on Monday and depreciated 30 paise to touch 87.25 against the American dollar in early trade. This downfall was triggered by a recovery in the US currency from its six-month low levels as trade-related uncertainties continued to impact investor sentiments negatively. In Asian markets, Tokyo and Seoul traded higher, while Shanghai and Hong Kong remained in the negative territory. The US markets ended on a positive note on Friday. Meanwhile, the Foreign Institutional Investors (FIIs) dumped Indian equities worth Rs 2,035.10 crore, while Domestic Institutional Investors (DIIs) bought equities worth Rs 2,320.36 crore on Friday, exchange data revealed. The global oil benchmark Brent crude dipped 0.51 per cent to touch $70 a barrel.
The Indian equity markets opened the trading week on a higher note. In the early market hours, the key equity benchmarks attempted to rally ahead and began the session in green.
As of 9:21 AM, the BSE Sensex stood above the 74,400 mark, climbing over 70 points, while the NSE Nifty50 traded at 22,568.85, clocking a gain of merely 16 points.
However, as markets progressed, the indices showed signs of progress and continued to climb higher. Around 9:58 AM, the Sensex jumped more than 400 points and stood over the 74,700 mark at 74,734. Meanwhile, the Nifty stood higher by more than 100 points in the session above 22,650.
Broader Markets
On the 30-share Sensex platform, PowerGrid, Hindustan Unilever, Adani Ports, Bajaj Finserv, and Bajaj Finance emerged among the gainers in the session. On the flip side, the laggards included IndusInd Bank, Zomato, L&T, Titan, and M&M.
In the broader markets, the Nifty Microcap 250 traded in red and slipped 0.75 per cent. Meanwhile, the Nifty50 and Nifty100 indices dominated and stood 0.45 per cent and 0.42 per cent higher respectively.
Sectorally, the FMCG index clocked the majority gains and stood higher by 0.89 per cent, while the laggards were dominated by the Consumer Durables index which slipped 0.27 per cent.
Also Read : Gold Rate Today (March 10): Check Out Gold Prices In Delhi, Mumbai, Bengaluru, Ahmedabad, More Cities
Rupee Vs Dollar
The Indian rupee suffered a terrible fall on Monday and depreciated 30 paise to touch 87.25 against the American dollar in early trade. This downfall was triggered by a recovery in the US currency from its six-month low levels as trade-related uncertainties continued to impact investor sentiments negatively.
In Asian markets, Tokyo and Seoul traded higher, while Shanghai and Hong Kong remained in the negative territory. The US markets ended on a positive note on Friday. Meanwhile, the Foreign Institutional Investors (FIIs) dumped Indian equities worth Rs 2,035.10 crore, while Domestic Institutional Investors (DIIs) bought equities worth Rs 2,320.36 crore on Friday, exchange data revealed. The global oil benchmark Brent crude dipped 0.51 per cent to touch $70 a barrel.
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