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Mumbai equity markets slumped mid-session, with BSE Sensex down 869.96 points and NSE Nifty falling 251.6 points amid profit booking in realty, power, auto stocks, and rising global crude oil prices
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Opens at 83.52, gains further to trade at 83.45 against the greenback in initial deals, registering an increase of 12 paise
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New Delhi: Equity investors became poorer by over Rs 9.75 lakh crore in two days of heavy decline in the equity market, with the Sensex plunging 1,457 points on Monday. The 30-share BSE benchmark tanked 1,456.74 points or 2.68 per cent to settle at 52,846.70 on Monday. It had ended 1,016.84 points or 1.84 per […]
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The domestic currency had lost 128 paise in the last eight trading sessions till Thursday.
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Asian Paints was the top gainer in the Sensex pack, rising around 2 per cent, followed by Titan, UltraTech Cement, Bharti Airtel, Infosys, Reliance Industries and M&M.
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The companies are expecting to benefit from an equity market which is flush with liquidity and has seen a sharp increase in new retail investors.
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L&T was the top gainer in the Sensex pack, rising around 2 per cent, followed by ONGC, NTPC, HDFC Bank, SBI, IndusInd Bank, ICICI Bank, SBI, Infosys and TCS.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.16 per cent to 91.05.
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On Thursday, the rupee snapped its two-day winning streak to close 9 paise lower at 73.66 against the US dollar.
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The Reserve Bank of India on Friday maintained status quo for the third time in a row and kept benchmark lending rate unchanged at 4 per cent.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.17 per cent to 91.15.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.16 per cent to 92.46.
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The rupee on Tuesday appreciated 16 paise to settle at 74.46 against the US dollar.
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On the equity market front, BSE index Sensex was trading 11.80 points higher at 40,157.30, and the broader NSE Nifty advanced 20.55 points to 11,788.30.
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Most of the Asian currencies have started marginally weak against the US dollar this morning and could weigh on sentiments.
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The Indian currency opened at 73.16 at the interbank forex market and touched an intra-day high of 73.08 and a low of 73.41 against the greenback.
