Due to a recovery in the price of crude oil and the dollar on international markets, the rupee fell 8 paise to end the day at 82.71 (provisional) against the US dollar on Tuesday. According to FX dealers, foreign fund withdrawals from the equity markets also affected the outlook for the rupee. In the face…
In an effort to increase derivative trading at the country’s leading market, BSE on Monday relaunched the Sensex and Bankex derivative contracts. According to BSE, the relaunch of derivative products includes a smaller lot size for futures and options, as well as an earlier Friday expiry cycle. Derivatives are regarded as high-risk, high-reward financial tools…
The Indian equities markets achieved large gains and closed over 1% higher during a week of persistent volatility, buoyed by in-line profits, FII support, and a disregard for warning signs from international competitors. The Nifty50 increased 245.8 points or 1.36 percent to close at 18,314.8, and the BSE Sensex increased 973.61 points or 1.59 percent…
After numerous U.S. banks crashed and FII unloading resulted, the market saw strong selling for the second consecutive week ending March 17 amid negative global cues. The second part did experience some recovery, though, as a result of financial aid provided to U.S. banks, a decline in the price of crude oil, and predictions that…
Domestic indices lost some of their early gains on Monday and lost more than 1% over the day. The Nifty 50 lost 277 points from its intraday high of 17,529.90 to trade at 17,252.25 while the BSE Sensex dropped 1000 points from its high of 59,510.92 to trade at 58,474.02. Continuing the downward trend, Bank…
In a very volatile week that concluded October 7 amid mixed global cues and a falling rupee, the market rallied with a more than 1% gain, snapping a three-week losing skid. The Sensex added 764.37 points, or 1.33 percent, to 58,191.29, while the Nifty50 gained 220.3 points, or 1.28 percent, to 17,314.65 at the close…
Sensex and the Nifty gained 1.68% during the week, boost by falling crude prices and a decline in domestic bond yields. Autos were top losers while banks, capital goods, and healthcare were top gainers. In the last couple of sessions, the oversold U.S. market rebounded, which provided much-needed support for Nifty to come out of…
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 Market lost away for the second straight period on Monday, uneasy that global growth would slow sharply in the middle of continued tightening by central banks. The Street also expects more raises in local interest rates with inflation remaining uneasily high. The benchmark indices Nifty 50 and BSE Sensex lost over 1%, dragged lower…
The market closed higher for the fourth straight week as global markets cheered better U.S. inflation data, commodity prices softened and foreign investors kept on buying Indian equities. Strong earnings and a better monsoon fuelled the rally on the home lawn. In the last week, the BSE Sensex gained 1,074.85 points (1.84%) to closed at 59,462, while the Nifty 50…
