Shares of Bajaj Finance and Bajaj Finserv jumped amid media reports that subsidiary Bajaj Housing Finance was planning to go public.
A firm trend in domestic equity markets and recent foreign fund inflows supported the domestic currency, forex traders said.
Equity markets would remain closed on Friday for 'Good Friday'
Forex traders said the positive equity markets and inflow of foreign funds resisted the fall in the rupee.
At the interbank foreign exchange market, the local unit opened at 83.33 and touched an intraday low of 83.45 against the greenback.
Wipro, HCL Technologies, Nestle, Tata Consultancy Services and Tata Motors were among the laggards.
The NSE Nifty went up by 87.35 points to 22,092.05.
Forex traders said elevated crude oil prices in the international market dented investors’ sentiments
BSE Sensex declined by 361.64 points to settle at 72,470.30. NSE Nifty declined 92.05 points to 22,004.70.
On Friday, the rupee depreciated 48 paise to settle at an all-time low of 83.61 against the American currency
NSE Nifty advanced 84.80 points or 0.39%
At the interbank foreign exchange market, the local unit opened weak at 83.28 against the greenback.
From the Sensex basket, HCL Technologies, Wipro, Infosys, Tech Mahindra, Tata Consultancy Services and Tata Motors were the major laggards
At the interbank foreign exchange market, the local unit opened lower at 83.28 against the previous close of 83.13 to a dollar. The unit moved in a range of 83.23 to 83.33 in morning deals.
NTPC, Power Grid, IndusInd Bank, Tata Steel, Tata Motors, JSW Steel, Tech Mahindra and Larsen & Toubro were the biggest gainers.
At the interbank foreign exchange market, the local unit opened at 83.07 against the greenback.
At the interbank foreign exchange market, the rupee opened strong at 83.07 against the U.S. dollar compared to the previous close of 83.19. The local unit moved in a range of 83.08 to 83.04 in ea...
USD/INR spot price is likely to trade in a range of ₹82.90 to ₹83.40
From the Sensex basket, Maruti, Nestle, Power Grid, State Bank of India, ITC, Reliance Industries, Kotak Mahindra Bank, Bajaj Finance, IndusInd Bank and Asian Paints were the major gainers
The funds run the gamut from those offering a bouquet of the biggest AI winners to more esoteric themes such as robotics, sound generation; the universe of AI-themed ETFs traded in the U.S. has ...
The 30-share BSE Sensex rebounded 237.36 points to 72,249.41 in early trade. The NSE Nifty climbed 74.25 points to 21,891.70.
The U.S. dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.40% higher at 103.85
Investors turned cautious ahead of the U.S. Fed interest rate decision this week, analysts said.
At the interbank foreign exchange market, the local unit opened at 82.94 and touched the intra-day low of 83.05 and a high of 82.93.
Tata Steel, Bajaj Finance, JSW Steel and Bharti Airtel were among the gainers.
https://www.thehindu.com/business/markets/sensex-updates-on-march-192024/article67967199.ece
The local currency moved in a tight range of 82.93 to 82.95 to a dollar in early deals
The 30-share BSE Sensex rose by 104.99 points or 0.14% to settle at 72,748.42. During the day, it gyrated between a high of 72,985.89 and a low of 72,314.16. The NSE Nifty rose by 32.35 points or...
The local unit opened firm at 82.84 to a dollar at the interbank foreign exchange market and inched up to the day's high of 82.83 in early deals.
The 30-share BSE Sensex climbed 126.36 points to 72,769.79 in early trade after a weak beginning to the trade. The NSE Nifty went up 20.65 points to 22,044.
The local currency moved in a narrow range of 82.83 to 82.84 against the dollar in early deals. The rupee closed at 82.86 on March 15
Forex traders said elevated American currency overseas and crude oil prices in the international market also dented investors' sentiments.
The 30-share BSE Sensex declined 453.85 points or 0.62% to settle at 72,643.43 after a weak beginning.
The 30-share BSE Sensex declined 314.56 points to 72,782.72 after a weak beginning. The NSE Nifty dropped 101.65 points to 22,045
Paytm's shares were up 5% at 370.70 rupees early in the session, set for its best day in two weeks.
The local unit opened slightly weak and witnessed an intra-day low of 82.89.
Axis Bank, IndusInd Bank, Bajaj Finance, JSW Steel, State Bank of India and Tata Steel were among the major laggards.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 102.85, higher by 0.06%
The 30-share BSE Sensex dropped 264.7 points to 72,497.19, while the Nifty declined 80.2 points to 21,917.50
The 30-share index tanked 906.07 points or 1.23% to settle at 72,761.89. During the day, it dropped 1,152.25 points or 1.56% to 72,515.71
Forex traders said the Rupee is likely to trade with a slightly negative bias on recovery in the greenback and concerns over elevated crude oil prices.
British multinational BAT PLC on Tuesday said it plans to sell up to 3.5% stake in India's ITC Ltd to institutional investors through a block trade.
The 30-share BSE Sensex climbed 384.79 points to 74,052.75 in early trade. The Nifty advanced 111.05 points to 22,446.75.
Forex traders said the Rupee is expected to trade with a slight negative bias on recovery in the greenback and concerns over elevated crude oil prices.
At the interbank foreign exchange market, the local unit opened at 82.74 and touched the intra-day low of 82.78 and a high of 82.72 against the greenback
In Asian markets, Hong Kong and Seoul were trading higher, while Tokyo and Shanghai were in the negative territory
At the interbank foreign exchange, the rupee opened at 82.74 against the greenback, then touched 82.72
Among other stocks, JM Financial fell 9.77% to ₹79.35 in the wake of curbs imposed last week by SEBI
Bitcoin rose by as much as 4.8% to a record $71,677 in European trading
Nifty small-cap 100 and mid-cap 100 have outperformed the benchmark Nifty 50 since 2023
The engagement is also beneficial as the Indian Rupee is mostly stable against most of the international currencies, says Industry Minister Piyush Goyal
Brent crude futures, the global oil benchmark, fell 0.67% to $81.53 per barrel
Global oil benchmark Brent crude dipped 0.68% to $81.52 a barrel
As of December 2023, promoters' of InterGlobe Aviation owned a 63.13% stake in the company and Mr. Gangwal had an 11.72% shareholding.
The 30-share BSE Sensex eked out gains of 33.40 points or 0.05% to settle at a new closing peak of 74,119.39. The Nifty rose by 19.50 points or 0.09% to reach a new closing peak of 22,493.55.
On March 6, the rupee settled 7 paise higher at 82.83 against the U.S. dollar
Global oil benchmark Brent crude dipped 0.13% to $82.85 a barrel
At the interbank foreign exchange market, the local unit opened at 82.90 and oscillated between the peak of 82.82 and the lowest level of 82.91 against the greenback during intra-day deals.
The 30-share BSE Sensex jumped 408.86 points or 0.55% to settle at a new record high of 74,085.99.
Extending its previous day's decline, the 30-share BSE Sensex went lower by 229.04 points to 73,448.09. The Nifty slipped 63.15 points to 22,293.15.
The local unit was also dragged down by the negative sentiment in the equity markets, however, it found support due to some fresh inflow of foreign funds, forex traders said.
https://www.thehindu.com/business/markets/rupee-updates-on-march-6-2024/article67919652.ece
Bharti Airtel, State Bank of India, Sun Pharma and NTPC were among the gainers.
At the interbank foreign exchange market, the local unit opened at 82.90 and oscillated between 82.88 and 82.93 against the greenback during intra-day deals.
After a record-breaking rally, BSE Sensex declined 297.97 points to 73,574.32. Nifty dipped 86.05 points to 22,319.55.
At the interbank foreign exchange, the domestic currency opened at 82.90 and slipped further to trade at 82.92 against the greenback, registering a loss of 2 paise from its previous close
The company said the base size of the issue is ₹400 crore, along with the green shoe option of ₹800 crore
Volatile crude oil prices and foreign fund outflows weighed on the Indian currency
Sensex climbed 66.14 points or 0.09% to settle at an all-time high of 73,872.29. Nifty rose by 27.20 points or 0.12% to close at a lifetime high of 22,405.60 points.
A positive sentiment in the equity markets supported the rupee, though the local unit was weighed down by an upward movement in the crude oil prices
Global oil benchmark Brent crude climbed 0.11% to $83.64 a barrel
The special live trading session had an intra-day switch over from Primary Site to Disaster Recovery site.
India's economy grew by better-than-expected 8.4% in the final three months of 2023
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, dipped marginally by 0.02% to 104.07
“A positive sentiment in the equity markets also supported the local currency, though the higher level of the dollar index came as a negative bias,” forex traders said.
A rally in global markets added to the positive momentum in the equity markets
At the interbank foreign exchange market, the local unit opened at 82.88 and touched the intra-day low of 82.94.
The broader Nifty of NSE gained 31.65 points or 0.14% to close at 21,982.80
Market participants were also awaiting the domestic GDP data to be released later in the day
Global oil benchmark Brent crude declined 0.17% to $83.54 a barrel
At the interbank foreign exchange market, the local unit opened at 82.90 and touched the intra-day low of 82.95 against the greenback
Among the Sensex firms, Power Grid, IndusInd Bank, Maruti, Wipro, Tata Steel, JSW Steel, Asian Paints, Mahindra & Mahindra, Reliance Industries and UltraTech Cement were the biggest laggards
Derivatives expiry on Thursday fuelled volatility in the domestic market, traders said
According to forex analysts, crude oil prices hovering above USD 83 per barrel also weighed on the domestic currency
https://www.thehindu.com/business/markets/rupee-updates-on-february-28-2024/article67894567.ece
BSE Sensex climbed 305.09 points to settle at 73,095.22 and Nifty ended 76.30 points at 22,198.35
The 30-share BSE Sensex declined 130 points to 72,660.13 in early trade. The Nifty dipped 36.4 points to 22,085.65
https://www.thehindu.com/business/markets/markets-turn-flat-after-weak-opening/article67890771.ece
According to forex analysts, support from a weak dollar was negated by higher level of crude oil prices even as investors adopted cautious move awaiting cues from domestic as well as global macro...
The cautionary statement came after Sebi received a number of complaints regarding fraudulent trading platforms
The broader Nifty of NSE dropped 90.65 points or 0.41% to end the day at 22,122.05 points and 37 stocks in the index were in the red
Forex traders said inflow of foreign funds and softer crude oil prices provided support to the Indian currency.
The stock of crisis-hit fintech company climbed 5% each to ₹428.10 and ₹427.95 apiece — also its upper circuit limit — on the NSE and BSE.
Sensex declines over 158 point; Asian Paints falls over 3.60%.
https://www.thehindu.com/business/sensex-updates-on-february-26-2024/article67887167.ece
Brent crude futures, the global oil benchmark, was trading 0.45% lower at $82.25 per barrel
The SEBI has been taking action against violators as well as measures to enhance transparency and curb misdoings.
Forex traders said the Indian currency depreciated as foreign fund outflows weighed on the Rupee.
The 30-share BSE Sensex slipped 15.44 points or 0.02% to close at 73,142.80 points with 17 of its constituents closing in the red and 13 in the green
Positive equity market sentiment and a weak American currency, however, provided support to the domestic unit, forex traders said.
The 30-share Sensex climbed 99.44 points or 0.14% to 73,257.68 points while the broader Nifty gained 18.30 points or 0.08% to 22,235.75 points.
At the interbank foreign exchange, the local unit opened at 82.94 against the greenback. It hit an intraday high of 82.83 during the day