Stocks tumbled after the opening session, with the Sensex down 218.11 points in early trade.
Stock market: The stock market, scheduled to open three days later on Tuesday, May 21, 2024, fell in early trade due to mixed global signals. In early trade, the Mumbai Stock Exchange (BSE) Sensex opened 218.11 points lower at 73,787.83 points. At the same time, the Nifty of the National Stock Exchange (NSE) also fell by around 97.45 points to open trade at 22,404.55 points. Stocks of around 14083 companies saw gains while stocks of 1240 companies reported declines in early trade. However, no change was observed in the shares of 207 companies. Among Sensex-listed companies, ONGC, Hindalco, Tech Mahindra, Bharti Airtel, Tata Steel, JSW Steel and Apollo Hospitals opened with gains on Tuesday. At the same time, shares of Nestlé India, HCL Tech, Britannia, Ultratech Cement, Axis Bank, Divis Lab and Mahindra declined. As Asian markets fared, China's Shanghai Composite, South Korea's Kospi and Hong Kong's Hang Seng were in losses, while Japan's Nikkei was in gains. US markets ended on a positive note on Monday. According to stock exchange data, foreign institutional investors (FIIs) were sellers in the capital market during the special session on Saturday and sold shares worth a net Rs 92.95 crore. The government is busy arranging coal to ensure that the power of the power station does not go down during the monsoons, meanwhile, the rupee equivalent to banks opened at six paisa strength. Forex market. In early trade on Tuesday, the rupee was trading at Rs 83.31 per dollar. However, forex traders said there was some pressure on the local currency due to the weaker trend in the domestic market and stronger US currency. The rupee stood at 83.37 against the US dollar on Friday. Petrol-Diesel: While Delhi car owners are happy, do you know why Mumbai is in trouble?
