look news india
Stock Market Today: Sensex and Nifty fell today due to breaking of two-day rise in IT and technology stocks. Sensex is ready to fall by more than 500 points and Nifty is also ready to lose the level of 24000.
Even in the global stock market, investors still seem to be in the mood for the new year. Asian markets opened in the red as China’s central bank also hinted at cutting interest rates. Whose effect has also been seen on the Indian stock market. Private banks and IT-technology shares traded up to 1 per cent lower as the indices witnessed profit-booking today.
Buying in small cap shares increased
Today, attractive buying has been seen in small cap shares. After reaching all-time high on December 12, the smallcap index continued falling. However, the improvement now seems to be coming to an end. Today the index is trading at a gain of more than 300 points. The midcap index is trading up 0.15 percent. At 10.30 am, Sensex was trading 514.41 points down at 79429.30 and Nifty was trading 146.80 points down at 24041.85.
Rupee fell
The rupee today opened with a decline of 5 paise at 85.80 against the dollar. With this, the rupee has fallen by 0.28 percent against the dollar in the last one week. Yesterday it closed at a record low of 85.75. The dollar index continues to strengthen. In comparison to which the rupee has been making new record lows every day for quite some time now. The demand for dollars has increased continuously after the geopolitical crisis and the Fed’s statement on interest rates.