Sensex slips in early trade .
Ends. Coronation panic has hit the Indian stock market. At the same time, the demand for crude oil in China, which is the world’s largest importer of crude oil, has caused a sharp fall in oil demand. This is making a big move in the international market. Crude prices fell to $ 53 a barrel. The market is also confused by the fact that Russia has not yet responded to OPEC’s proposal to cut production to six million barrels per day. Meanwhile, due to the impact of the coronavirus, production has been halted, including several Chinese companies. But today, the rupee has risen. The rupee today appreciated by 8 paise to close at Rs 71.32 a barrel on the back of falling crude oil prices. The rupee appreciated by 2 paise to US dollars in early trade on the Interbank Foreign Exchange.
Meanwhile, the Bombay Stock Exchange index Sensex fell by 162.23 points, or 0.39 per cent, to 40,979.62 points in the opening trade today. Similarly, the wide-based National Stock Exchange Nifty index declined by 66.90 points, or 0.55 per cent, to close at 12031.50. Currently, 976 stocks have gained or 1518 shares have been lost.
Shares of UPL (5.71%), Bajaj Finance (1.45%), TCS (1.19%), Kotak Mahindra (0.98%) and Asian Paints (0.58%) were trading higher.
However, due to some trade crisis, the shares of various companies fell. Shares of Sea Entertainment (-7.73%), MANDM (-7.15%), Tata Steel (-5.77%), Grasim (-3.82%) and Eicher Motors (-3.44%) were down.
Meanwhile, trading volumes were trading in stocks of various companies due to trading pressure. Tata Steel (1,189.21), Reliance (993.81), UPL (993.81), SBI (790.40) and ICICI Bank (669.36) were the biggest losers.