Wednesday’s 5 paise increase in the rupee against the US dollar to close at 83.32 (provisional) was aided by a bullish trend in local equities and steady intake of foreign funds. Forex dealers claimed that strong gains for the local currency were limited by the Reserve Bank of India (RBI) purchasing dollars and the increase…
Monday’s trading session saw the main equity indices close in the green. The BSE Sensex reached 68,863.93, up 2.05%, while the NSE Nifty 50 gained 418.90 points, or 2.07%, to end at 20,686.80. To close at 46,431.40, the Bank Nifty index increased by 1617.20 points, or 3.61%. With advances led by large- and small-cap stocks,…
In early trading on Wednesday, the rupee was moving in a limited range vs the US dollar, with local equities showing little movement. Because of the ongoing withdrawals of foreign funds, forex traders reported that investor mood was negatively impacted by the rupee’s narrow trading range. The local currency’s value versus the dollar at the…
The rupee gave up its early gains and ended the day two paise weaker against the US dollar at 83.22 (provisional), as rising crude oil prices offset the support from strong domestic equities. According to forex dealers, a rising trend in domestic stocks limited the downside and maintained the local currency at lower levels. The…
In the opening hours of trading on Friday, the rupee strengthened by 38 paisa to 82.75 against the US dollar as investors’ confidence increased as a result of India’s inclusion in the JPMorgan bond index. Forex dealers predicted that JPMorgan Chase & Co.’s move to incorporate Indian government bonds in its benchmark emerging-market index would…
In the week ending September 1, the market ended a five-week losing trend with solid gains. The benchmarks were under pressure due to conflicting global cues, weak monsoons in August, and rising crude oil prices; nevertheless, positive investor sentiment was buoyed on Friday by solid GDP and Manufacturing figures. The Nifty50 began the month of…
Adani Enterprises, managed by Gautam Adani, will join the Nifty 50 on Friday, September 30, as part of the NSE’s upcoming semi-annual index rejig. Shree Cement will be replaced in the 50-stock index by Adani Enterprises. After Adani Ports and Special Economic Zone, this is the second Adani stock to be listed in the Nifty…
In a highly volatile week, the Indian benchmark indices lost 1 percent each and also broke the five-week gaining streak, amid mixed global cues, rising dollar, and crude oil prices. Buying by foreign investors, however, provided some support on the downside. For the week, the BSE Sensex fell 812.28 points (1.32%) to end at 58,833.87, while…
Indian equity market regained the lost momentum and gains nearly 3 percent during the week ended July 8, tracking positive global cues, a good monsoon, reduced FIIs selling, and falling commodities prices. For the week gone by, BSE Sensex advanced 1,573.91 points (2.97%) closed at 54,481.84, while the Nifty 50 added 468.55 points (2.97%) settled at…
