Share Market Tips: Weakness In Rupee And Crude Boom

Rudra Investment provides Share Market Tips based on the expert report, weakness in rupee and the rise in crude prices, the Indian stock markets were closed for the second consecutive trading day. The Sensex closed 806 points down at 35,169, while the Nifty slipped 259 points to close at 10,599 levels. All sectoral index red marks on NSE There was pressure on the market from selling in giants like RIL, HDFC Bank, TCS, Infosys, ITC, HDFC, HUL, Kotak Bank, Sun Pharma.

Investors sank 3.38 lakh crore

Investors lost Rs 3,38,686.31 crore in Thursday's trade due to a fall in the market. The market capitalization of all listed companies on BSE was Rs 1,40,32,664.74 crore on Thursday, while on Wednesday it was Rs 1,43,71,351.05 lakh crore.

Expert opinion-

Yes, Securities (India) Pvt Ltd says that the sharp fall in rupee and the rise in crude prices have led to the decline in the Indian stock market. Apart from this, Liquidity Choice has influenced Sentiments in the market due to IL & FS crisis. We believe that the market will perform well in the long term. Therefore, at this time weakness in the market should be viewed as an opportunity and should be invested in strong fundamental companies, which have become attractive after correction.

Midcap-Smallcap also fell

According to Share Market Tips Expert, In mid-cap and small-cap shares, with large-cap, sales were also seen. BSE's mid-cap index fell 1.93 percent, while the Nifty mid-cap dropped by 100 points to 2.04 percent. The BSE Smallcap Index has dropped by 2.07%.

What stocks fall, the boom in

L & T, Vedanta, Tata Steel, Wipro, Tata Motors and ITC are the top gainers in the business during the business. On the other hand, Reliance Industries, TCS, Hero MotoCorp, HDFC, ICICI Bank, Bharti Airtel, Infosys, AbCi, HDFC Bank, Sun Pharma, HUL dropped.

Metal-Capital Goods Index

Banking, realty, pharma, IT, FMCG, auto, consumer durables and oil and gas stocks are showing off. Bank Nifty is trading at a level of 24,706.80 with 1.45 per cent weakness. However, buying is seen in metal and capital goods stocks.

US market closed with the edge

The US markets closed on Wednesday's trade. Dao Jones closed at a level of 26,828 with 54 points. Nasdaq climbed 26 points to end at 8,025 level. The S & P 500 index flattened at 2,926 level.