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Stock Market: Crude oil prices increased pressure on rupee, spice jets dropped 8%

In the domestic market, the situation in the early trading was slightly sluggish on Wednesday. The effect of the flat attitude of the global markets was initially seen on the Indian markets.

 In February, the inflation rate in India was 2.57 percent, which is the highest in the last three months. In January, the figure was at 2.05 percent. In addition, India's Industrial Production Index (IIP) slipped to 1.7 per cent in January, which was 2.4 per cent in December 2018.

 Increase in crude oil prices pushed pressure on the rupee. The rupee opens at a level of 69.69. Due to limited supply by Saudi Arabia, raw oil prices are increasing in the international market. America has also reduced the expectations of its domestic production
At 9.30 am, the BSE Sensex was recorded at a level of 37,558, with a marginal increase of 22 points or 0.06 percent. On the other hand, the Nifty 50 index was trading at 11,295 with a nominal decline of 3.45 points or 0.03 percent. However, later both the indices were showing an edge.

 On Tuesday, the trend in the US stock market has been mixed. Davo Jones was weighed 0.38 percent, while the S & P 500 index rose by 0.30 percent. Nasdaq composite closed down by 0.44 percent.

 Shopping at the BSE Midcap and Smallcap Index was observed. Both the indices climbed one quarter per cent. BSE Realty Index jumped up to 2% during the initial business But metal and oil and gas index broke up by three-fourths of the index.
SpiceJet's shares dipped 8% in early business. The shares of the company fell to Rs. 72.50. After the air crash in Ethiopia, the Indian government has also decided to ban the Boeing 737 Max aircraft. There are several aircraft of this model near SpiceJet.

 On the BSE Sensex, shares of HCL Technologies rose 2.17 percent to Rs 1,034.45. HDFC Bank's shares rose 0.89 per cent to Rs 2,189.55. Stocks of Hindustan Unilever, Sun Pharma and IndusInd Bank climbed 0.76 per cent, 0.69 per cent and 0.67 per cent, respectively
On the other hand, ONGC's shares have come down to Rs 149.75, with a weakness of 1.61 per cent. Coal India's shares fell 1.52 percent to Rs 239. The shares of Vedanta, Kotak Mahindra Bank and NTPC broken 1.46 percent, 0.89 percent and 0.88 percent, respectively.

 SpiceJet shares dipped 8% in early business The shares of the company fell to Rs. 72.50. After the air crash in Ethiopia, the Indian government has also decided to ban the Boeing 737 Max Yan.

 Foreign Portfolio Investors (FPIs) are continuing to buy in Indian markets. According to information from NSE, on Tuesday, they bought shares worth Rs 2,477.72 crore. However, domestic institutional investors (DII) sold net 990.48 million rupees.

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