CLOSING BELL: The S&P BSE Sensex ended 40 points lower, while the Nifty50 was down 34 points. Shares of Adani Group tumbled up to 7 per cent, with Adani Enterprises leading the fall.
The rupee gained 15 paise to 82.16 against the US dollar in early trade on Tuesday as the weakness of the American currency and a positive trend in domestic equities strengthened investor sentiments. At the interbank foreign exchange, the domestic unit opened at 82.20 against the dollar, then climbed to 82.16, registering a rise of 15 paise over its previous close. On Monday, the rupee closed at 82.31 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25 per cent to 102.59. Brent crude futures, the global oil benchmark, declined 0.42 per cent to USD 77.79 per barrel. "Indian Rupee is likely to trade higher for the last few days of the financial year on the back of year-end flows which is keeping the broader range of 81.80-82.50," CR Forex Advisors MD Amit Pabari said. HDFC is set to raise Rs 57,000 core through the bond issue which could support the rupee in the near term, he said. "Furthermore,
CLOSING BELL: The S&P BSE Sensex ended 127 points higher; Among the broader indices, the Smallcap index tumbled 1.6 per cent.
Barclays Plc expects the gap in current account - the broadest measure of trade in goods and services - to be 1.8% of gross domestic product in the year starting April 1
The rupee gained 9 paise to 82.31 against the US dollar in early trade on Monday amid a weak dollar and a positive trend in domestic equities. At the interbank foreign exchange, the domestic unit opened at 82.36 against the dollar, then climbed to 82.31, registering a rise of 9 paise over its previous close. On Friday, the rupee closed at 82.40 against the US currency. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.11 per cent to 103. Brent crude futures, the global oil benchmark, advanced 0.04 per cent to USD 75.02 per barrel. In the domestic equity market, the 30-share BSE Sensex advanced 220.99 points or 0.38 per cent to 57,748.09 points. The broader NSE Nifty gained 76.10 points or 0.45 per cent to 17,021.15 points. Foreign Institutional Investors (FIIs) were net sellers in the capital market on Friday as they offloaded shares worth Rs 1,720.44 crore, according to exchange data. Meanwhile, India's forex kitty ros
So far in 2023, the rupee has gained 0.5 per cent against the US dollar
CLOSING BELL: Selling in heavyweights like SBI (down 2 per cent), HCL Tech, Infosys, Reliance Industries, HDFC Bank, HDFC, and ICICI Bank weighed on the benchmarks
CLOSING BELL: Sectorally, the Nifty Pharma index advanced 1 per cent, followed by the Nifty PSU bank added 0.8 per cent.
CLOSING BELL: The market breadth was firmly in the favour of buyers as the broader markets, too, rose in tandem with the benchmark indices
CLOSING BELL: For better part of the day, equity markets roiled in global rout as fears of a contagion banking sector failure soured sentiment
The rupee continued its upward trend and rose 11 paise to 82.48 against the US dollar in early trade on Monday, tracking fall in crude oil prices and firm Asian currencies. Traders said, strong dollar and negative sentiments across the global as well as domestic equity markets capped the gain in the rupee. At the interbank foreign exchange, the domestic unit opened stronger at 82.48 against the US dollar and then slipped to 82.52. It gained further to 82.48, registering a gain of 11 paise. The Indian currency traded between 82.46 and 82.55. On Friday, the rupee settled at 82.59 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.16 per cent higher at 103.87. Global oil benchmark Brent crude futures fell 0.52 per cent to USD 72.59 per barrel. The 30-share BSE Sensex was trading 461.61 points or 0.80 per cent lower at 57,528.29 points while the broader NSE Nifty was down 158.05 points or 0.92 per cent
CLOSING BELL: IT major TCS ended marginally in red amid high volatility a day after Gopinathan's resignation. In the broader markets, realty stocks also ended with solid gains.
The rupee reversed its four-day losing streak and rose 25 paise to 82.51 against the US dollar in early trade on Friday amid positive trends in the domestic as well as global equity markets. At the interbank foreign exchange, the domestic unit opened stronger at 82.50 against the US dollar and fell to 82.54. Later, it rose marginally to 82.51, registering a gain of 25 paise. On Thursday, the rupee settled at 82.76 against the US dollar, falling for the fourth day in a row. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.28 per cent lower at 104.12. Global oil benchmark Brent crude futures rose 1.10 per cent to USD 75.12 per barrel. The 30-share BSE Sensex was trading 410.04 points or 0.71 per cent higher at 58,044.88 points while the broader NSE Nifty was up 117.20 points or 0.69 per cent at 17,102.80 points. Lifelines for troubled US and European banks bolstered investor sentiments amid concerns over the health of the
The rupee fell for the fourth day in a row on Thursday and depreciated by 12 paise to 82.77 (provisional) against the US dollar amid mixed global equity market cues and foreign fund outflows. Traders said positive sentiments in the domestic equity market and weaker dollar, however, resisted the decline in the Indian currency. At the interbank foreign exchange, the domestic unit opened lower at 82.77 against the dollar. It traded between 82.60 and 82.80 levels, and settled at 82.77 (provisional) against the American currency, registering a fall of 12 paise against its previous close. This is the fourth consecutive day of decline in the rupee. On Wednesday, the rupee settled at 82.65 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.25 per cent to 104.38. Global oil benchmark Brent crude futures rose 1.23 per cent to USD 74.60 per barrel. On the domestic equity market front, the 30-share BSE Sensex r
CLOSING BELL: Nestle, Titan, Hindustan Unilever and Asian Paints were the major gainers among the Sensex-30 pack; while Tata Steel, IndusInd Bank and Bharti Airtel were the top losers.
The rupee declined by 25 paise to 82.62 (provisional) against the US dollar on Wednesday amid a strong greenback against major currencies overseas and unabated foreign fund outflows. Traders said negative sentiment in the domestic equity market also hit the domestic currency. At the interbank foreign exchange, the domestic unit opened strong at 82.32 against the dollar and traded in a range of 82.30 and 82.62. It finally settled at 82.62 (provisional) against the American currency, a fall of 25 paise against its previous close. This is the third consecutive day of decline in the rupee. On Tuesday, the rupee settled at 82.37 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.43 per cent to 104.04. Global oil benchmark Brent crude futures rose 0.46 per cent to USD 77.81 per barrel. On the domestic equity market front, the 30-share BSE Sensex fell 344.29 points or 0.59 per cent to 57,555.90 points whi
CLOSING BELL: The Nifty 50 ended below the 17,000-mark for the first time since October 11, 2022. The NSE benchmark has now shed 630 points in the last five trading sessions.
A rebound in the dollar index, caused by the global flight to safety of the US currency, took a toll on Asian currencies, including the rupee
The rupee declined by 26 paise to 82.49 (provisional) against the US dollar on Tuesday amid stronger dollar, negative sentiment in the domestic equity market and unabated foreign fund outflows. At the interbank foreign exchange, the domestic unit opened lower at 82.27 against the dollar and traded between the range of 82.24 and 82.50 during intra-day. It finally settled at 82.49 (provisional) against the American currency. This is the second consecutive day of decline in the Indian currency. On Monday, the rupee settled at 82.23 against the US dollar. Jateen Trivedi, VP Research Analyst at LKP Securities, attributed the fall in rupee to the spillover fears after the collapse of the Silicon Valley Bank in the US. "The Rupee fall continued as the Silicon Valley Bank in the US has spread concerns over the spillover fears after its collapse and in line with Asian peers. Rupee this time, fell below 82.48 levels which were last seen on 3rd March 23. "The ripple effect can keep the forex
Stock market live updates: As of 7:45 am, the SGX Nifty stood at 17,208 levels, up 28-odd points