Share benchmarks plunged on Tuesday after seeing heavy selling pressure for the second straight day with broad-based selling intensified across the market. Nifty50 of National Stock Exchange ended the day 150.60 points lower at 11,287.50, while BSE Sensex closed 509.04 points down at 37,413.13. Stock Future Trading Calls for Tomorrow ….
Due to higher Crude Oil prices, US$ strengthen and Rupee has seen under pressure. While in last days the US-China Trade war and, Currency problem in Turkey & Argentina has weakened the Indian Rupee. INR slipped 9.5% in last 6 months, While we have seen nearly 12% weakness in Rupee this year. Today trading session witnesses big fall in the market. SENSEX closed below 155 points, and Nifty closed below 11550. Watch Stock Calls For Tomorrow.. Click on image below.
Today session started with weakness, but at the end, we have seen a good recovery. SENSEX and NIFTY closed with slight weakness. Nifty closed near 11675 while SENSEX closed near 38700 level. BSE 30 share index Sensex closed at 38690 down 33 points, while NSE Nifty closed at 11677 below 0.15%.
The market is looking under pressure before August future-contract Expiry. Both benchmark indices dipped 0.5%. Nifty touched 11753.2 level, while SENSEX managed to touch 38989.65 level on today trading session. However, Nifty closed below 11700 while SENSEX closed near 38700.
Gold got support due to weak INR. At MCX Gold is trading with a 0.25% gain while Silver is weak. Aluminum price moved 0.25% up, while copper is trading with weakness at MCX. In Agri Commodities, Bumper production of wheat is creating difficulties. In Punjab, 50 lakh tonnes of wheat has been kept in the open. At the same time, the FCI has sought approval for sending wheat to other states.