Although Samvat 2073 began with a demonetisation shock, the benchmark Sensex sparkled with 16 per cent gain during the year — nearly double the gain it registered in Samvat 2072. In this period, the Nifty50 rallied nearly 18 per cent. With the fifty-stock index soaring to record highs yet again on Friday, the valuation of […]
The rupee appreciated by another 6 paise to end at a fresh 1-week high of 65.08 on continued selling of the dollar.
Positive leads from other Asian bourses and investors tracking another record on Wall Street supported the upmove, traders said.
The company has set a price band of Rs 1,645-1,650 per share for its IPO and when calculated at the upper band of the issue price the company will be valued at Rs 5,000 crore.
The NSE index Nifty too edged higher by 10.10 points, or 0.10 per cent, to 9,989.80. Besides, domestic institutional investors pumped in funds unabated.
The 30-share index rebounded by 130.10 points, or 0.41 per cent, to 31,722.13. The gauge had lost 79.68 points in the previous session after investors shaved off profit.
The volatile rupee dropped to six and half month lows on surging US dollar reacting to President Trump’s new Tax Plan overhaul and strong data.
Experts say the market saw sell-off on account of weak global cues due to geopolitical tensions surrounding North Korea, recent revision of China’s sovereign rating and is expected to bounce back as fundamentals are strong.
A depreciating rupee, which slipped 16 paise to a fresh six and a half month low of 65.88 against the dollar today, made traders all the more nervous.
Sensex loses 1,211 pts in 4 trading sessions amid fears of a slowing economy.
FMCG, consumer durables, banking and PSU banking were in the red, losing by up to 0.32 per cent.
According to forex dealers, Monday’s closing was the weakest for the currency since March 24, when it had ended at 65.41 against the greenback.
ll sectoral indices were in the red, dragged down by capital goods, metal, consumer durables and healthcare, falling by up to 2.03 per cent.
The BSE 30-share barometer tanked 231.79 points, or 0.72 per cent, to 32,138.25. The gauge had lost 53.72 in the previous three sessions.
The 30-share index fell by 43.68 points or 0.13 per cent to 32,356.83 in morning session. The wider Nifty of NSE fell by 22.90 points or 0.23 per cent to 10,118.25.