There is a rise in the stock market today i.e. on 20th March. Sensex is trading at 75,200, up 1000 points (1.33%). At the same time, Nifty has also increased by 300 points (1.35%), it has reached 23,300. There is maximum buying in banking-auto shares today. 2 reasons for the rise in the market: Now know the condition of the global market, crude oil and rupee… 1. Fall in the Asian market 2. There was a decline in the American market on March 19. 3. Crude prices fell by 2% to $ 107 per barrel. Crude oil prices are falling today amid the ongoing war between America and Israel with Iran. However, it is still trading above $100 per barrel. Brent crude has fallen 2% today to $ 107 per barrel. Due to the stoppage of supply from the Persian Gulf, the price of global benchmark Brent increased by more than 6% yesterday and crossed $ 115 per barrel. Whereas the prices of Indian basket have reached $ 146 per barrel. 4. Rupee reached a record low of 92.94. Due to the ongoing Iran war in the Gulf countries, the rupee reached its lowest level against the dollar as soon as the market opened on Friday. The rupee is trading at 92.94 against the dollar. Earlier in the last trading session it had closed at 92.63. The currency market was closed on March 19 due to it being a holiday. Yesterday on March 19, there was the biggest fall in the stock market in 22 months. Yesterday on March 19, there was the biggest fall in the stock market in 22 months. Sensex fell 2497 points (3.26%) to close at 74,207. At the same time, Nifty also declined by 776 points (3.26%), it came to 23,002. Earlier on June 4, 2024, the Sensex had fallen by 5.74%.
Source link
[ad_3]
Sensex rises 1000 points and trades at 75,200: Crude oil becomes cheaper at $ 106; Rupee reached record low of 92.94
