In the last trading day of the week, the Indian stock market started with a rise. On Friday, the Sensex gained 28 points to open at 39010 levels. On the other hand, the Nifty rose 11 points to open at 11736 level. However, after a while, the market gained momentum and the Sensex rose by up to 150 points. Sensex crossed level of 39,120
On the other hand, the Nifty also rose by 29 points to a level of 11750. The Sensex closed 50.12 points or 0.13 percent down at 38,981 points on Thursday. Similarly, the Nifty closed at 11,725 points, up 23.40 points or 0.20 percent.
Share Market Condition
During the initial business, shares of Tata Motors rose 2.58%, Bharti Airtel and Powergrid shares were trading with nearly 2% growth. In addition, shares of Maruti, NTPC, Coal India and Kotak Bank have also registered a gain of more than 1%. The shares of TCS, HCL, HUL, Infosys, Vedanta and Tata Steel remained on the red mark. TCS shares have fallen more than 2%.
Rupee vs. Dollar
In the early trading on Friday, there was a slight decline in the rupee against the dollar. The rupee was trading at 69.41 against the previous session, with the weakness of around 6 paise, before the rupee was open at 69.39. In the last trading session, the reason for the sharp fall in crude oil and gold prices in the international market is due to this. Obviously, India needs a lot of dollars for oil and gold imports, so in the case of bullion and crude oil, the demand for dollar is reduced due to softening, which gives rupee support.
Petrol and diesel prices remain steady
If we talk about petrol and diesel, prices are stable on Friday. Oil companies had cut the price of petrol and diesel the day before, and in the international market if crude oil prices continue to fall then oil prices in India can be cheaper. According to IndianOil website, petrol prices in Delhi, Kolkata, Mumbai and Chennai were Rs 73.07, Rs 75.08, Rs 78.64 and Rs 75.84 per liter, respectively. In the four metros, diesel prices were up by Rs 66.66, Rs 68.39, Rs 69.77 and Rs 70.39 per liter, respectively.
