Dalal Street turns red in early trade, Sensex-Nifty falls

Stock market: The temperature of the stock market rose on Thursday ahead of the end of campaigning for the last seventh phase of polling for the Lok Sabha polls. With the opening of the market, Mumbai Stock Exchange (BSE) Sensex fell 212 points for the fifth day in a row and started at 74322 points level in early trade. At the same time, the Nifty of the National Stock Exchange (NSE) also fell by around 60 points to open trade at 22,643 points. Top Loser and Top Gainer Shares Alkem Lab saw the biggest decline among Sensex-listed companies in early trade. Following this, the shares of Tata Steel also fell. The fourth quarter results have been announced by the company, in which its losses narrowed slightly, but its revenue declined. Apart from this, shares of Deepak Nitrite, Biocon and GMR Airport also had a weak debut. At the same time, stocks of Interglobe Aviation, Jubilee Food, Axis Bank, Federal Bank, HDFC Bank and State Bank of India were among the strongest opening stocks. If we talk about other markets of the world, US Dow Jones, Japan’s Nikkei and Hong Kong’s Hang Seng are in sluggish trend. At the same time, gold remains weak in the international market. In the international market, gold is trading at $2,336.27, a weakness of $2.24 per ounce. Investors suffered heavy losses due to the four-day storm, while gold prices on the Multi Commodity Exchange (MCX) were steady at Rs 72,022 per 10 grams. 171. Along with this, the rupee has also depreciated against the dollar in the interbank foreign exchange market. Apart from this, with strength in the international market, crude oil is trading at $79.31 per barrel and Brent crude oil is trading at $83.65 per barrel. Keep your bags safe! Silver rumble started echoing in the sky as price crossed 97,000, Dalal Street turned red in early trade, Sensex-Nifty fell.