- By Aditya Pratap Singh
- Tue, 30 Apr 2024 04:10 PM (IST)
- Source:PTI
Stock Market Closing: Domestic benchmark indices wiped out the early gain to close the day trade in the red. BSE's Sensex ended at 74,482.78, down by 188.50 points, while NSE's Nifty 50 closed at 22,604.85, down by 0.17 percent. JSW Steel, HCL Technologies, Tech Mahindra, Tata Consultancy Services, Tata Steel, Larsen & Toubro, and Kotak Mahindra Bank were the biggest laggards in the Sensex basket. Bajaj Finance, IndusInd Bank, Mahindra & Mahindra, Power Grid, and Maruti were the major gainers.
Among Asian markets, Seoul, Tokyo, and Hong Kong remained in positive territory, while Shanghai closed lower. European markets were mostly trading lower. Wall Street closed higher on Monday. The global oil benchmark Brent crude rose 0.21 percent to $88.59 per barrel.
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Rupee recovers 4 paisa
The rupee gained 4 paise to 83.41 (provisional) against the US dollar on Monday, tracking a strong greenback against foreign capital inflows and key cross-oversold. According to forex analysts, the domestic currency initially faced resistance from a stronger greenback and a rise in crude oil prices but recovered lost ground during the session led by a sharp rise in equities in afternoon trade.
At the interbank foreign exchange market, the local unit opened at 83.46 and traded in a range of 83.41 and 83.52 against the greenback during the session.
The domestic currency finally closed at 83.41 (provisional) against the dollar, registering a gain of 4 paise from its previous close. The rupee had fallen 7 paise to close at 83.45 against the US dollar on Monday after falling 10 paise in the previous session on Friday.
This is a developing story.
(With PTI's Input)
