Tag: Sensex

The rupee on Tuesday declined by 10 paise to close at an 18-month low level of 75.88 against the US dollar due to persistent foreign fund outflows and concerns over inflation.

Besides, the broader 50-scrip Nifty at the National Stock Exchange (NSE) opened at 17,044 points after closing at 17,176 on Tuesday.

"Both Sensex and Nifty closed with gains of over 1.5 per cent. Buying was witnessed in banking metals and auto stocks ahead of the RBI meeting on interest rates."

Equity benchmark Sensex tumbled over 300 points in early trade on Monday, tracking losses in index majors Infosys, HDFC Bank and ICICI Bank amid concerns over the spread of the Omicron variant in the country and weak cues from global markets.

The rupee on Tuesday pared its initial gains to settle 10 paise lower at 75.17 (provisional) against the US dollar as investor concerns grew over fresh impact of new COVID variant on the economy.

Asian markets were also down as investors continued to assess the risks to the economic recovery posed by the new COVID variant Omicron.

The rupee on Friday plunged by 37 paise against the US dollar as investors turned cautious in view of massive selloffs in domestic equities and worries over a new variant of COVID-19.

The rupee depreciated by 12 paise to end at 74.42 (provisional) against the US dollar on Monday, as massive sell-offs in domestic equities and a strong greenback in the overseas market weighed on investor sentiments.

Equity benchmark Sensex rallied 767 points on Friday on heavy buying in index majors Infosys, HDFC Bank and Reliance Industries amid a positive trend in global markets.

The rupee tumbled by 32 paise to end at 74.37 against the US currency on Wednesday, weighed down by a muted trend in domestic equities and strength of the American currency in the overseas market.

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.

The rupee gained 11 paise to close at 74.92 (provisional) against the US dollar on Thursday despite massive sell-offs in the domestic equity market as easing crude oil prices lent some support to the local currency.

"Nifty could take further direction post European markets opening, but likely to end in the positive for the day."

L&T was the top gainer in the Sensex pack, rising around 3 per cent, followed by Tech Mahindra, HCL Tech, HUL, Axis Bank and Bharti Airtel.

Infosys was the top gainer in the Sensex pack, rising over 2 per cent, followed by Tata Steel, HDFC Bank, ICICI Bank, Titan and IndusInd Bank.