SENSEX TODAY | Rise in oil price. Stock Market News.

SENSEX TODAY | Stock market: weak start, effect of oil price rise.

New Delhi: On the last day of the week, the domestic stock market opened with a red mark. Crude oil prices rose up to 3 per cent due to increasing tension in the Middle East. This also affected the Indian stock markets. The price of Brent crude futures rose up to about $ 3, after which the price reached the highest level after September. In fact, many prominent Iranian and Iraqi military officers have been killed in US air strikes. Due to this, tension has increased in the Middle East.

At 9.30 am, the BSE Sensex was seen trading at a level of 41,533 with a weakness of 94 points or 0.22 per cent. At the same time, the Nifty 50 index was also trading at 12,248, down by 34 points or 0.28 per cent.

During the first session of the new year, the US stock markets recorded a bumpy rally. The Dow Jones climbed 1.16 percent. Whereas the S&P 500 index jumped up to 0.84 percent. The S&P 500 index ended the session with a gain of 1.33 per cent.

The BSE Smallcap index showed a rise of up to a quarter per cent. The midcap index slipped marginally. Most of the BSE sector saw pressure. IT and tech indices rose by one per cent each. Metal index slipped the most.

On the BSE Sensex, Asian Paints shares fell 1.75 per cent to Rs 1,759. Mahindra & Mahindra shares fell 0.88 per cent to Rs 535.15. HDFC Bank, Tata Steel and Hindustan Unilever lost 0.70 per cent, 0.70 per cent and 0.69 per cent, respectively.

On the other hand, ONGC shares rose 3.52 per cent to Rs 132.50. Tata Consultancy Services shares rose 1.02 per cent to Rs 2,179.40. The shares of HCL Technologies, Infosys and Tech Mahindra rose 1.02 per cent, 0.95 per cent and 0.58 per cent respectively.

Globally, Asian markets also saw weakness. Apart from Japan, Asian stock markets declined by a quarter per cent. China's market also slipped along the same lines. Japan's market showed an edge initially, but after the news came out, it went in red. On Thursday, foreign portfolio investors invested heavily in the Indian stock market. During the last session, he made a net purchase of Rs 688.76 crore in the domestic market. On the same lines, domestic institutional investors bought shares worth Rs 63.95 crore net.

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