Friday, May 24, 2024

Stock Market Updates | Due to tensions in the Middle East, Sensex, Nifty fell for the third consecutive session, rupee also tumbled leader


Leaders Online: The Indian stock market fell for the third consecutive session on Tuesday. Sensex fell by 550 points in early trade. Soon after that, there was an improvement. Around 9.45 am, the Sensex was trading at 73,000, down 300 points. Nifty fell below 22,200. (Stock Market Updates)

Domestic benchmark indices opened with a third straight session of decline. Tensions in the Middle East over the Iran-Israel war and uncertainty over the US Federal Reserve's approach to interest rate cuts kept investors on edge. Due to this, the repercussions of this are being seen in the Asian markets. The indices of the US stock market also closed down on Monday.

Sensex opened at 72,892 today. After that it went to 73 thousand. Shares of IndusInd Bank, Bajaj Finance, Infosys, Bajaj Finserv, Kotak Bank, ICICI Bank, TCS have fallen on the Sensex. While Maruti, M&M, Tata Steel shares are showing minor growth.

Top losers on Nifty are LTIMindtree, IndusInd Bank, Bajaj Finance, Bajaj Finserv, Infosys. ONGC, Hero Motocorp, BPCL, Coal India are the top gainers. Nifty Bank, Nifty Financial Services also declined. (Stock Market Updates)

The Indian rupee also fell

The Indian rupee fell to a low on Tuesday. Concerns about a wider conflict in the Middle East and the possibility that the Federal Reserve will further delay interest rate cuts have added to Asian markets. Meanwhile, the Indian rupee opened at 83.5100 against the US dollar today. The rupee fell further from 83.4500 in the previous session. On April 4, the rupee touched a low of 83.4550. The dollar index rose to its highest level in nearly six months. But Asian currencies have fallen.

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