Stock markets strong, Sensex surpasses 38,670

Stock market
Stock market

On the third trading day of the week, the Indian stock market was a fantastic start. Sensex gained 108 points to open at 38,672.63 level. At the same time, the Nifty also crossed 36 points and crossed the level of 11600. In the first few minutes, the Sensex's rise to 150 points Let's say that on Tuesday, the Sensex dropped 80.30 points, or 0.21 percent, to 38,564.88. Similarly, the Nifty also fell by 18.50 points, or 0.16 per cent, to close at 11,575.95.

Stock market

In the initial business, ONGC's share gained nearly 2.50 per cent, while the Asian Paints and HCL shares saw an increase of 3 per cent in total. Edge stocks include Yes Bank, Reliance, Bajaj Finance, TCS, Infosys, Bharti Airtel and Coal India. On the other hand, trading companies on the red mark are Tata Motors, Vedanta, Tata Steel, Hero MotoCorp, Maruti, NTPC, Axis Bank. Tata Motors shares have lost about 6 per cent.

Why is the stock market turmoil

Actually, crude oil is increasing internationally, due to the US ban on Iran. It is also being noticed on the Indian market. The look of businessmen is also on the results of the ongoing general elections in the country and quarterly results of the companies. These results will decide the move of the domestic stock markets for the coming few weeks. Explain that investors' perception of weakening after the US President Donald Trump refuses to give further discount to any country on oil imports from Iran on Monday.

Rupee hall

In the initial trading on Wednesday, 23 paise slipped to $ 69.85 per dollar against the dollar in early trade. The currency dealers said that the dollar against the other major currencies overseas also kept pressure on the rupee. However, the fall in crude oil prices and the initial rise of the domestic stock market tried to hold the rupee fall. On Tuesday, the rupee strengthened by 5 paise to close at Rs 69.62 per dollar.