Share Bazar Opening Ring: Green mark in the stock market; Nifty crosses 22700; Sensex rises by 232 points.

Share Bazar Opening Ring:

In early trade, the Sensex rose by 231.97 points to reach 74,834.09. On the other hand, the Nifty was seen trading 65.75 points stronger at 22,613.30. In early trade, the rupee fell 14 paise to 87.33 against the US dollar.

Share Bazar Opening Ring

After the Mahashivratri holiday on Wednesday, the benchmark index of the domestic stock market opened on the green mark on Thursday. In early trade, the Sensex rose 231.97 points to reach 74,834.09. On the other hand, the Nifty was seen trading 65.75 points stronger at 22,613.30. In early trade, the rupee fell 14 paise to 87.33 against the US dollar.

Stock Market : Rs 25 lakh crores wiped out from the stock market in 4 days

The stock market experienced a significant drop on Monday, marking the fourth straight day that Sensex and Nifty ended with losses. Consequently, stock market investors have incurred substantial losses. Over these four days, the market capitalization of BSE has decreased by more than Rs 25 lakh crore.

Stock Market

Stock Market : The song 'Sun raha hai na tu, ro raha hun main...' from the 2013 movie Aashiqui 2 gained significant popularity. Currently, the state of the country's economy mirrors this sentiment. The rupee appears to be weeping similarly in the face of the rising dollar, with no one willing to heed its cries. However, the impact of the rupee's decline is evident in the stock market. On Monday, 40 lakh people bathed in the Ganga on the first day of Maha Kumbh. Meanwhile, over 20 crore stock market investors lost more than Rs 13 lakh crore before the trading session ended on Monday. In fact, investors have been facing bankruptcy for four consecutive days. The Sensex and Nifty have experienced a significant drop, resulting in over Rs 25 lakh crore being wiped out for stock market investors.

It's not just the devotees and the stock market that have taken a plunge during the Maha Kumbh; the rupee has also significantly dropped against the dollar. It not only surpassed Rs 86 for the first time but also approached Rs 87. This is why stock market investors are experiencing substantial losses. The increase in crude oil prices and potential inflation figures are also being considered as reasons for the stock market's decline. Let's examine the data to understand the extent of the decrease in the Sensex and Nifty over the past four days and what figures are being observed on Monday.

Big fall in stock market

A big decline is being seen in the stock market on Monday. According to the data, the Bombay Stock Exchange's major index Sensex sank by 1,129.19 points during the trading session and came down to the day's low of 76,249.72 points. By the way, the Sensex opened with a big fall with 76,629.90 points and closed at 77,378.91 points on Friday.

Gold Rate Today : Gold's shine increased amid weak rupee and fall in stock market

Gold February futures on the Multi Commodity Exchange were trading at Rs 78,714 per 10 grams on Monday, experiencing an increase of approximately Rs 300.

Gold Rate Today

Gold Rate Today : Following Makar Sankranti, the wedding season is approaching. As a result, people have begun ordering jewelry for wedding ceremonies. The gold market is thriving, with the price of 24-carat gold rising by Rs 850 per 10 grams in a week. Silver remains significant as well, with its price increasing by Rs 1300 per kg compared to last week.

Gold opened at Rs 78,375 on MCX

On Monday, the February gold futures opened at Rs 78,375 per 10 grams on the Multi Commodity Exchange, marking a decrease of 0.06 percent or Rs 48 from the previous market close. Meanwhile, the March silver futures have experienced a slight decline, trading at Rs 92,195 per kg, which is 0.34 percent or Rs 311 lower than the last market close. Despite this, both gold and silver prices have risen compared to last week. The upcoming US inflation data has caused fluctuations in the dollar, leading to significant volatility in gold and silver rates. On Friday, both metals closed with a positive trend, with the February gold futures contract ending around Rs 78,423 per 10 grams.

There is a possibility of further increase

Specialists believe that gold and silver rates might continue to rise. Predictions suggest these rates could increase soon on the commodity exchange. Observing the climbing gold rates in various metropolitan areas, a rise on the commodity exchange is also anticipated. Nevertheless, global circumstances have already caused gold prices to soar in both the international and Indian domestic markets.