The domestic stock market finally closed flat on Monday amid volatility. On Monday afternoon, the Sensex and Nifty 50 made a considerable recovery and rose steadily on the back of encouraging trends in international stocks and fresh inflows of foreign funds. But finally ended in the red. The 30-share BSE Sensex closed 56.99 points or 0.07% lower at 79,648.92, while the Nifty 50 closed 20.50 points or 0.08% lower at 24,347.00. The benchmark indices had fallen in early trade as investors were cautious about potential disruptions triggered by a report by US short-seller Hindenburg Research about undisclosed involvement of the Sebi chairman and her husband in shadowy offshore funds based in Bermuda and Mauritius.
On BSE, at 3 pm on August 12, 2024, 1,945 stocks rose while 2,101 stocks declined. Apart from this, 114 stocks remained unchanged. A total of 4,160 stocks were traded. 387 stocks hit upper circuit and 282 stocks hit lower circuit.
Top gainers and top losers on NSE
ONGC (2.59%), Hero MotoCorp (2.15%), Axis Bank (1.80%), JSW Steel (1.53%), Divi’s Lab (1.46%) were the top gainers in today’s trade on NSE, while Adani Ports (-2.33%), NTPC (-2.16%), Dr Reddy’s Lab (-1.76%), Britannia (-1.59%) and Adani Enterprises (-1.46%) were seen as top losers.
Today’s movement in Indian currency
The Indian currency rupee traded in a narrow range. It closed down by 2 paise at 83.97 (provisional) against the US dollar. Forex traders said the Indian rupee weakened due to positive sentiment in the US dollar and rise in crude oil prices. At the interbank foreign exchange market, the local unit opened at 83.95 and touched an intraday low of 83.98 and finally closed at 83.97 (provisional) against the US dollar, down 2 paise from its previous close.
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