Rupee weakened by 19 paise to settle at 86.23 (provisional) against the US dollar on Tuesday, dragged down by rising global crude oil prices, the ongoing Israel-Iran conflict, and a stronger greenback. Forex traders said weak cues from domestic equities and sustained foreign institutional investor (FII) outflows further dented market sentiment. Jateen Trivedi, VP Research…
Indian equities despite escalating global tensions in the wake of the ongoing Israel-Iran tensions opened mixed. At the open, Nifty50 after opening in the green drifted lower to 24,709. Stocks to watch Belrise Industries: The newly listed company will announce its fourth quarter results today. Tanla Platform: The company’s board meet is scheduled today for considering…
Rupee appreciated by 7 paise to 85.46 against the US dollar in early trade on Thursday, supported by a weaker American currency, a decline in global crude oil prices, and a positive start in domestic equities. At the interbank foreign exchange market, the rupee opened at 85.43 and later slipped slightly to 85.46, still 7…
Indian equity benchmarks closed slightly higher on Tuesday, with both the Sensex and Nifty 50 rising 0.15 per cent. Gains were led by information technology (IT) and oil marketing companies (OMCs), buoyed by easing crude oil prices and positive global cues. The GIFT Nifty signals a firm start for June 12, reflecting sustained investor optimism….
Indian equities in Monday’s session opened higher amid good domestic macros and after RBI’s blockbuster rate cut on Friday. At the open, Sensex gained 395.18 points or 0.48 per cent to 82,584.17, while the Nifty50 climbed 123.95 points or 0.5 per cent to 25,127. Meanwhile, Bank Nifty marked its fresh all-time high of 57,049.5. From…
Indian indices rallied significantly in Friday’s trade after the RBI’s rate cut move to the tune of 50 basis points. At the close, Nifty50 settled above 25,003.05,up 1.02 per cent or 252.15, while the Sensex settled higher by 0.92 per cent or 746.95 at 82,188.99. Meanwhile, the Bank Nifty after RBI’s good enough liquidity push…