Image Source : INDIA TV Stock markets update for July 29
Stock markets update: Equity benchmark indices opened higher in early trade on Monday amid positive global cues. In the early trade, the 30-share BSE Sensex climbed 350.7 points to 81,683.42. Meanwhile, the Nifty declined was also up by 83.85 points to 24,918.70 points.
From the Sensex pack, NTPC, State Bank of India, IndusInd Bank, ICICI Bank and UltraTech Cement were among the biggest gainers. Titan, Bharti Airtel, ITC and Tech Mahindra were among the laggards. In Asian markets, Seoul, Tokyo, Shanghai and Hong were quoting in the positive territory. The US markets rallied on Friday. Foreign Institutional Investors (FIIs) bought equities worth Rs 2,546.38 crore on Friday, according to exchange data.
Rupee against dollar
The rupee appreciated by 2 paise to trade at 83.72 against the US currency in the early session on Monday amid a weak dollar in the overseas markets. At the interbank foreign exchange market, the rupee opened firm at 83.70 against the US dollar. The local currency moved in a tight range of 83.70 to 83.72 in early trade. The rupee was trading at 83.72 against the US dollar at 9.30 am. Foreign fund outflows from Indian equities after the government’s decision to hike the tax rate on capital gains weighed on the local currency and restricted the upmove, forex traders said.
(With inputs from PTI)
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