• Source:JND
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Stock Market: The domestic benchmark indices rebounded in the Morning trade on Thursday after a sharp decline in the last two sessions. Today's upward trend is led by heavy buying by domestic institutional investors and a rally in blue-chip stocks such as HDFC Bank and Reliance Industries. Sensex, the benchmark index of BSE, gained 254.5 points in opening hours. while, Nifty 50, the index of NSE, surged 86.25 points in the early hour trade. 

HCL Technologies, Reliance Industries, NTPC, HDFC Bank, Axis Bank, and Tech Mahindra, were the top gainers from the Sensex Stocks. Ultratech Cement, Hindustan Unilever,  Power Grid, Mahindra & Mahindra, Maruti, and Larsen & Toubro were among the losers.

Foreign institutional investors sold shares worth Rs 2,502.58 crore on Wednesday, while domestic institutional investors purchased equities worth Rs 6,145.24 crore, according to exchange data. In Asian markets, Tokyo and Seol were trading in the green, while Hong Kong and Shanghai were trading in red. The US markets traded mixed mixed on Wednesday.

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Brent crude, the global benchmark, fell 0.36 per cent to $72.02 a barrel.

The benchmark BSE Sensex plunged 984.23 points, or 1.25 per cent, to 77,690.95 on Wednesday. The Nifty fell 324.40 points, or 1.36 per cent, to 23,559.05, marking its fifth consecutive day of decline.

The rupee continues to fall to new lows

The rupee fell to a new low of 84.40 against the US dollar in early trade on Thursday, down 1 paisa. Forex traders said the downward pressure on the USD/INR pair was mainly due to rising inflation and substantial foreign outflows. The rupee opened at 84.40 against the US dollar in the interbank forex market and fell by 1 paisa from its previous close.

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(With Agencies Inputs)

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