New Delhi. The domestic stock market witnessed a rise on the second day of the week also. Recovering from last week’s huge fall, the market opened in the green on Tuesday for the second consecutive day. In early trade, Sensex rose 192.03 points to 78,732.20, while Nifty rose 44.65 points to 23,798.10.
The rupee fell by five paise to its new all-time low of 85.16 per dollar in early trade on Tuesday amid a strong trend of the US currency and continued outflow of foreign capital. The rupee opened at 85.10 per dollar at the interbank foreign exchange market and later touched a new all-time low of 85.16 per dollar, showing a decline of five paise from its previous close. The rupee had closed at 85.11 against the US dollar on Monday.
Earlier on Monday, the ongoing decline in the local stock market for the last five trading sessions came to an end on Monday. BSE Sensex rose almost 500 points. Buying of shares at lower levels and rise in global markets supported the market. Apart from this, the market also got support from strong buying in shares of big companies like ITC, HDFC Bank and Reliance Industries.
BSE Sensex based on 30 shares rose 498.58 points or 0.64 percent to close at 78,540.17 points. At one time during trading it had climbed up to 876.53 points. National Stock Exchange index Nifty also closed at 23,753.45 points with a gain of 165.95 points or 0.70 percent. The BSE Sensex had lost 1,176.46 points on Friday, while the NSE Nifty had fallen 364.20 points.
