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Expansion
After the mixed trend of global markets, the Indian markets also saw weakness on Tuesday. On Monday, the Sensex opened by breaking 260 points, then the Nifty has also reached below 16250. Many stocks are looking weak due to the opening of the Indian market with weakness. Today SGX Nifty is also seeing weakness.
On the other hand, despite a good start on Monday, the US markets closed down. The Dow Jones closed at the day’s low by breaking 600 points. Crude oil prices have risen after US President Joe Biden’s visit to Saudi Arabia.
Brent crude has reached above $106 per barrel. On the other hand, talking about FIIs, they have bought Rs 1395 crore in index futures. Whereas DIIs had bought Rs 844 crore in cash on Monday
Indian rupee crosses 80 for the first time
The Indian rupee has crossed the level of 80 for the first time in the trading session of July 19. This is the record low of the rupee. On Tuesday, the rupee has opened above Rs 80 for the first time against the dollar. The rupee on Tuesday opened weak against the dollar by four paise. Against the dollar, the Indian rupee opened at 80.01 per dollar against 79.97.