Tag: Sensex

The rupee appreciated 26 paise to close at 79.65 (provisional) against the US dollar on Thursday, tracking a firm trend in the domestic equities.

The 30-share BSE Sensex fell 306.01 points or 0.55 per cent to settle at 55,766.22 dragged down by index heavyweight Reliance Industries.

The broader NSE Nifty climbed 114.20 points or 0.69 per cent to 16,719.45.

From the Sensex pack, Reliance Industries, Maruti, ICICI Bank, ITC, HDFC and State Bank of India were the major gainers in early deals.

Weakness in index majors Reliance Industries and ICICI Bank also weighed on the domestic equity markets.

In the broader markets, the BSE midcap, large-cap and smallcap gauges slipped much as 1.72 per cent.

The rate hike comes on the back of a 40 basis points increase effected by RBI at an unscheduled meeting on May 4.

At 10.02 a.m., Sensex was 1.1 per cent down at 55,037 points, whereas nifty down 1.1 per cent at 16,388 points.

The 30-share BSE Sensex rallied 693.56 points to 55,578.22 in early trade. The broader NSE Nifty jumped 213.75 points to 16,566.20.

The rupee inched 3 paise higher to close at 77.53 (provisional) against US dollar on Friday, supported by a rebound in domestic equities.

Gold price in the national capital on Tuesday jumped Rs 388 to Rs 50,282 per 10 gram, reflecting rally in international precious metal prices, according to HDFC Securities.

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.

Snapping its two-day losing streak, the rupee appreciated 12 paise to end at 77.32 (provisional) against the US dollar on Tuesday, supported by a rebound in regional currencies and fall in crude oil prices.

Rupee too took a breather as it has appreciated from its all-time low of 77.42 the previous day to 77.25 this morning.

The move came just ahead of the Federal Reserve's policy decision, with analysts expecting a similar move by the US central bank as well as the focus shifts to combating runaway price rise, exacerbated by geopolitical tensions.