On Tuesday again made a new record in the stock market. Both Sensex and Nifty reached new heights due to recovery in rupee. The Sensex managed to cross 38,400 level for the first time. The Nifty touched a new level of 11,581.75
The sectoral index is showing weakness in banking, metals, pharma and realty. The Sensex opened at 38,360 with a jump of 82 points, while the beginning of the Nifty was at 245, with a gain of 11,576.
There is also pressure in mid-caps and smallcap stocks. BSE’s mid-cap index has increased to 0.25 percent, while the Nifty mid-cap index is showing a slight decline. BSE’s Smallcap index rose 0.1 percent.
Tech Mahindra, UPL, HCL Tech, Eicher Motors, Bharti Infratel, Bajaj Auto, Coal India, Wipro, Asian Paints and HDFC Bank have risen 3.8-0.6 per cent in giants in the market during this period.
Adani Enterprises, Torrent Power, Berger Paints and SJVN have sprung up by 3.4-2 per cent in mid-cap stocks. Adlabs Entertainment, Sauril Infra, Nelko, Radico Khaitan and Quality in Smallcap Shares have been strengthened by 10.3-5 per cent.
17 companies will be out today from BSE
Due to the closure of the shares in the stock for more than six months, the major stock exchange BSE has announced to end the listing of 17 companies from Tuesday. BSE’s companies have been working to get them out of the list for the past few months.
In a circular on Monday, BSE said that after the order of the Sichayan committee, effective from August 21, 2018, companies who do not have any trading for more than six months will be excluded from the list of exchanges. Companies coming out of the list include Associated Marmo and Granites, Baroda Electric Meters, Bihar Air Products and many other companies.
Strength of 17 paise in rupee
The rupee has started strong today against the dollar, and the rupee today opened at a level of 69.65 with an increase of 17 paise. At the same time, the rupee was closed at the level of 69.82 against the dollar.