Stock Market Live: The trend of bullishness in the Indian stock market since last week finally broke. On Tuesday, August 2, the stock market started with a fall and the Sens*x fell 205.04 points to 57910.46 points in early trade. On the other hand, the Nifty of the National Stock Exchange reached 17,268.20 points with a loss of 71.85 points.

Among the Sens*x companies, Tata Steel, UltraTech Cement, ICICI Bank, Tech Mahindra, HDFC and Axis Bank were trading in losses. On the other hand, Asian Paints, ITC, Hindustan Unilever, Reliance Industries, IndusInd Bank and State Bank of India were among the gainers.

In Asian markets, South Korea’s Kospi, China’s Shanghai Composite, Japan’s Nikkei and Hong Kong’s Hang Seng were also trading in losses. On Monday, the US markets closed with losses.

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Rupee strengthens 12 paise in early trade

The rupee gained 12 paise to 78.94 per dollar in early trade on Tuesday due to weakening of the dollar. Besides, easing crude oil prices also supported the rupee, dealers said. The rupee opened with strength at 78.96 per dollar in the interbank foreign exchange market. Later it rose by 12 paise to reach 78.94 per dollar. The rupee had closed at 79.06 per dollar in the previous trading session. The dollar, which measures the strength of the US currency against the six currencies, fell 0.22 per cent to 105.21.

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