Telecom stocks were seriously hit in trade, after Reliance Jio launched its new Zero Touch postpaid plan. Shares of Bharti Airtel and Idea Cellular plunged 6.44% and 11.83% respectively in trade.
Currency market is very closely related to the share market. It is difficult to understand share market, without understanding the relation of currency market and share market.
In India we generally call stock market as Share Market. The marketplace or bazaar to trade shares or stocks is called Share Market. The history of Indian share market started way back in the year 1830, when 5 stockbrokers assembled in Bombay and started trading on corporate stocks and shares in Bank and Cotton presses. On July 9, 1875, ‘The Native Share & Stock Broker's Association’ was created and this group was latter known as the Bombay Stock Exchange Limited (BSE).
The Indian rupee on Wednesday weakened near 14-month low against US dollar as foreign investors continued to sell in the local equities and bonds amid a surge in international crude oil prices and US bond yield. this year, the rupee has fallen 4.3%, while foreign investors have bought $1.47 billion and sold $1.15 billion in equity and debt markets, respectively.
The best part about trading groups is that the members goals are aligned with the goals of the website. Free stock pick websites align their goals with the insiders of the stocks.
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