Rupee gained five paise to 73.48 per dollar
The rupee lost some of its early gains on Monday amid a weakening trend in the domestic stock markets and closed at 73.48 (temporary) per dollar, a gain of five paise. The interbank foreign currency exchange market witnessed huge fluctuations in the rupee. The rupee opened strong at 73.40 per dollar in early trade. It lost some of its early gains and eventually ended with a gain of five paise to close at 73.48 per dollar.
The rupee had closed at 73.53 per dollar in the previous trading session. During the day's trade, the rupee rose to a high of 73.26 per dollar. It also touched a low of 73.70 per dollar. Meanwhile, the dollar index showed a decline of 0.30 percent to 93.05 against the dollar against the six currencies.
Inflation based on wholesale price index increased in August
The government has released the inflation data based on the wholesale price index for the month of August. The Ministry of Commerce and Industry said that wholesale price index-based inflation stood at 0.16 per cent in August, down from a negative 0.58 per cent in July and a negative 1.81 per cent in June. This affected the market.
TCS becomes second company with market capitalization of nine lakh crores
The market capitalization of Tata Consultancy Services (TCS) crossed Rs 9 lakh crore during trading on Monday. TCS is the second company after Reliance Industries to achieve a market valuation of Rs 9 lakh crore. The company's stock gained momentum in early trading on Monday. With this, its market capitalization crossed Rs 9 lakh crore. The company's stock rose 2.91 per cent to Rs 2,442.80 on the BSE. This is its all-time high level. Similarly, the company's stock rose 2.76 percent to an all-time high of Rs 2,439.80 on the National Stock Exchange. The company's market capitalization reached Rs 9,14,606.25 crore in early trade on BSE.
Such was the situation of veteran shares
Talking about the big stocks, today TCS, HCL Tech, Tech Mahindra, Wipro and UPL shares closed on the green mark. Shares of Power Grid, SBI, Bajaj Finance, BPCL and Bharti Airtel closed at the red mark.
Monitoring of sectoral index
If we look at the sectoral index, today, apart from media, auto, IT and realty, all sectors closed on the red mark. These include Finance Services, Private Banks, Banks, FMCG, PSU Banks, Pharma and Metals.
These factors will decide the direction of the market this week
Events such as the India-China border tension and macroeconomic data will decide the direction of the stock markets this week. Apart from this, investors will also keep an eye on global indicators. Analysts have expressed this opinion. Uncertainty about the recovery in the economy, rising cases of Kovid-19 and India-China tensions are impacting the market sentiment. Several smallcap companies are announcing their quarterly results. This may cause share-based activities in the market.
Market was open on green mark
In early trade, the Sensex opened at 39147.79, up 293.24 points, or 0.75 per cent. At the same time, the Nifty opened at 11540.15 with an increase of 0.66 per cent or 75.70 points.
The market was closed on the last trading day
The Sensex gained 0.04 per cent to close at 38854.55, up 14.23 points, and the Nifty gained 0.13 per cent (15.20 points) to end at 11464.45 on Friday.