Rudra Investment Best Nifty Tips Experts Says that Meanwhile, the Bombay Stock Exchange's Sensex rose more than 400 points in early trade on Monday, amid a weak global trend and the continuous fall in rupee's exchange rate. At 12:29 pm, the Sensex dropped 369.53 to 38,020.29. The Nifty fell 117.30 points to 11,471.80 On the other hand, the rupee touched below the level of 72.50 per dollar for the first time.
The 30-share index of the Bombay Stock Exchange fell by 206.85 points, or 0.54 percent, to 38,182.97 on Monday morning. The Sensex had gained 371.51 points in the last two trading sessions. On the other hand, the National Stock Exchange's Nifty also fell by 44.50 points, or 0.38 percent, to 11,544.60 in the opening stages.
Brokers said most of the Asian markets showed a decline due to the adoption of investors' vigilance among the fears of continued tension between the US and China. Besides, the sentiment of the rupee fell by 59 paise to 72.32 per dollar in early trading on the back of lower levels.
According to the data released by the RBI on Friday, the current account deficit increased to $ 15.8 billion in April-June this year, which was $ 15 billion in the same period last fiscal. According to the immediate figures, foreign portfolio investors bought shares worth Rs 37.56 crore purely on Friday while domestic institutional investors remained net sellers of Rs 942.45 crore.
Hong Kong's Hang Seng was down 1.09 percent in the Asian market, while China's Shanghai Composite Index was down 0.63 percent, while Japan's Nikkei index dropped 0.04 percent. Dow Jones Industrial Average climbed 0.31 percent on Friday.
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