The monetary review policy meeting of the Reserve Bank of India (RBI) began today. The meeting will last for three days and its decisions are likely to be announced on Thursday. Meanwhile, on the second trading day of the week on Tuesday, the stock market closed with strong momentum after day trading. The Bombay Stock Exchange's flagship index Sensex gained 2.03 percent to close at 768.31 points at 37687.91. At the same time, the National Stock Exchange's Nifty rose by 1.94 percent to close at 11102.85 with a gain of 211.25 points. At the same time, the Sensex-Nifty gained momentum due to the inflow of foreign funds and the positive trend of global markets. Earlier, the market was registering a decline for the last four business days.
The rupee lost three paise
Despite the rise in the domestic stock markets today, the rupee fell by three paise to close at 75.04 against the US dollar in the interbank foreign exchange market. However, due to the rise in the stock markets, some of the initial falls in the rupee were recovered. The rupee opened weak at 75.13 per dollar in early trade. Later, the rupee's initial loss was somewhat lower and finally fell by three paise to close at 75.04 per dollar.
Such was the situation of veteran shares
Talking about the big stocks, today the shares of Reliance, Zee Limited, HDFC Bank, Axis Bank, Maruti, JSW Steel, HDFC, Hero MotoCorp, Doctor Reddy and ICICI Bank closed on the green mark. The shares of BPCL, Tech Mahindra, Tata Motors, IndusInd Bank, HCL Tech, GAIL, Grasim, Infosys, Ultratech Cement, and Hindustan Unilever closed on the red mark.
Sectoral index tracking
If we look at the sectoral index, today all the sectors in addition to IT closed on the green mark. These include pharma, metal, PSU bank, private bank, finance service, auto, bank, media, FMCG, and realty.
The market was open on the green mark
Today the stock market started on the green mark. The Sensex opened at 37181.51, up 241.91 points, or 0.65 percent, and the Nifty opened 0.65 percent, or 70.95 points, at 10962.55.
The market was closed on the previous trading day
The stock market closed down heavily on the previous trading day. The Sensex was down 667.29 points to close at 36939.60, down 1.77 percent. At the same time, the Nifty was down 1.57 percent with a drop of 173.60 points at 10899.85.