Best forex robot Sensex tanks over 450 points, Nifty below 12,000; Rupee slips 30 paise thumbnail

Best forex robot Sensex tanks over 450 points, Nifty below 12,000; Rupee slips 30 paise

Business/Investing

Best Forex (Click Here For Best Forex Techniques) robot

By: PTI|Mumbai |

Published: February 24, 2020 10: 19: 21 am





best forex robot Share Trading at a firm in Kolkata. (Express image by Partha Paul)

Market criteria Sensex plummeted over 450 points in opening session on Monday tracking extreme selloff in global equities in the middle of increasing concerns over Chinese coronavirus epidemic.

After sinking 497 points in opening session, the 30- share barometer was trading 410.12 points, or 1 per cent, lower at 40,760

Similarly, the NSE Nifty was trading down by 135.85 points, or 1.12 percent, at 11,945

Tata Steel was the top loser in the Sensex pack, breaking over 4 per cent, followed by HDFC, ITC, ICICI Bank, Maruti, Hero MotoCorp, NTPC and PowerGrid.

On the other hand, Infosys, Tech Mahindra, TCS, Sun Pharm and HUL were trading with gains.

In the previous session on Thursday, the Sensex settled 152.88 points, or 0.37 per cent, lower at 41,17012, and Nifty slipped 45.05 points, or 0.37 percent, to 12,08085

Financial markets remained closed on Friday on account of ‘Mahashivratri’.

On The Other Hand, on a net basis, foreign institutional financiers purchased equities worth Rs 1,49525 crore, while domestic institutional financiers sold shares worth Rs 699.62 crore on Thursday, data available with stock exchanges showed.

According to traders, spike in coronavirus cases outside China has actually alarmed global financiers.

South Korea went on high alert Sunday following a sharp dive in coronavirus cases, and Italy and Iran took their own drastic containment steps.

Further, IMF also cautioned that the fatal epidemic might put an already vulnerable international economy recovery at threat.

Chinese President Xi Jinping on Sunday stated the coronavirus epidemic is the nation’s “biggest public health emergency”. The death toll from the lethal infection climbed to 2,592 on Monday.

Bourses in Seoul plunged over 3 per cent after South Korea reported 161 more coronavirus cases Monday, taking the across the country total to 763 and making it the world’s largest total outside China.

Stock market in Shanghai, Hong Kong and Tokyo were likewise trading substantially lower.

Brent petroleum futures fell 2.52 per cent to USD 56.48 per barrel.

On the domestic front, traders said financiers are likely to take hints from United States President Donald Trump’s two-day visit to India. He will reach Ahmedabad later in the day.

Best Forex (Click Here For Best Forex Techniques) robot Rupee

The Indian rupee declined by 30 paise to 71.94 against the US dollar in opening trade on Monday amid muted opening in domestic equities and fortifying of the American currency overseas.

Besides, as investor sentiments remained vulnerable amidst coronavirus fears.

Forex (Click Here For Best Forex Techniques) traders, nevertheless, said alleviating crude oil costs supported the regional system and limited the fall to some extent.

The rupee opened weak at 71.94 at the interbank Forex (Click Here For Best Forex Techniques) market, down 30 paise over its last close.

The local system nevertheless pared some preliminary losses and was trading at 71.83 versus the United States dollar at 0951 hrs.

The rupee had settled at 71.64 against the US dollar on Friday.

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