The rupee pared its initial gains and settled just 1 paisa higher at 77.49 (provisional) against US dollar on Friday, as inflation concerns and strength of the American currency weighed on the local unit.
Declining for the second straight session, the rupee on Monday fell 9 paise to close at 74.24 (provisional) against the US dollar as muted domestic equities and elevated crude oil prices weighed on investor sentiments.
European markets opened weak even as the ECB decided to keep policy rates unchanged despite the inflationary pressure. US futures were trading in red following slow GDP growth and disappointing earnings from tech giants, he noted.
Privatisation hopes on few metal names fuelled a 3 per cent upmove on the metal index even as select pharmaceutical and speciality chemical stocks saw good buying interest.
The Indian stock market is witnessing a high level of volatility affected by global cues as markets all across showing weak trends.
The broader NSE Nifty climbed 54.20 points or 0.31 per cent to its new closing record of 17,377.80, while international oil benchmark Brent crude rose 0.80 per cent to USD 72.03 per barrel.
All BSE sectoral indices closed in the green on Friday, led by capital goods (2.14 per cent), basic materials (1.69 per cent), industrials (1.58 per cent) and power (1.46 per cent).
The 30-share index ended 125.13 points or 0.23 per cent higher at 54,402.85, while the broader NSE Nifty advanced 20.05 points or 0.12 per cent to 16,258.25. Meanwhile, the rupee opened at 74.21 against the American currency and slipped further to close at 74.26, registering a decline of 11 paise over its previous close.
On the domestic equity market front, the BSE Sensex ended 123.07 points or 0.23 per cent higher at 54,492.84, while the broader NSE Nifty advanced 35.80 points or 0.22 per cent to 16,294.60.
Notably, strong buying was seen in quality mid-cap and small-cap stocks after the recent fall, while volatility index contracted by 5 per cent.
The broader NSE Nifty inched 2.80 points or 0.02 per cent higher to close at 15,692.60. Meanwhile, gold on Monday dipped Rs 169 to Rs 46,796 per 10 gram.
The 30-share BSE Sensex ended 182.75 points or 0.35 per cent lower at 52,386.19. The broader NSE Nifty dropped 38.10 points or 0.24 per cent to close at 15,689.80. Meanwhile, gold tumbled Rs 451 to Rs 46,844 per 10 grams.
Equity benchmark Sensex slumped 486 points on Thursday. Meanwhile, gold was marginally up by Rs 9 to Rs 46,981 per 10 gram.
The Indian rupee continued to depreciate on Wednesday amid a strengthening dollar across currencies globally
The 30-share BSE index ended 848.18 points or 1.74 per cent higher at 49,580.73, and the broader NSE Nifty soared 245.35 points or 1.67 per cent to 14,923.15.
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Mumbai: The rupee appreciated by 22 paise to 70.47 against the US dollar in early trade on Friday, tracking gains in domestic equities amid reports of a meeting between foreign investors and finance ministry officials regarding higher tax surcharge during the day. At the interbank foreign exchange, the rupee opened at 70.54, then gained momentum […]
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