Stock Market Today (July 21): The S&P BSE Sensex rallied 284.42 points (0.51 per cent) to end at 55,681.95, while the Nifty 50 gained 84.40 points (0.51 per cent) to settle at 16,605.25.
At the interbank forex market, the local unit opened lower at 80.03 against the greenback and fell further to an intra-day low of 80.06. The local unit recouped losses later and settled at 79.85 (provisional), registering a rise of 20 paise over its previous close.
The rupee had opened at 79.91 against the dollar and declined on higher demand for the dollar. On Tuesday, the rupee had fallen below 80 during intra-day trade.
"Central bankers globally move in a herd led by ring master the US Fed. Whether easy or tight money. Go out of line your currency is crushed. Look at Japan, a 30 plus percent depreciation. That's the power of the US $ the most sought after asset in the world today. How long?" Uday Kotak said in a tweet.
Windfall Tax on Fuels Updates (20 July): During the intraday trade, the RIL stock had surged 4.33 per cent to Rs 2,542.50 apiece on the National Stock Exchange (NSE) while on the BSE, it rose 4.25 per cent to Rs 2,545.05. It eventually settled 2.54 per cent higher at Rs 2,499.00 on NSE and 2.47 per cent higher at Rs 2,501.40 on the BSE
The rupee traded in a range of 79.89 to 80.05 in the day trade. It finally settled at the day's low level of 80.05, showing a loss of 13 paise over the previous close.
Stock Market Today (July 20): The S&P BSE Sensex gained 629.91 points (1.15 per cent) to end at 55,397.53, while Nifty 50 jumped 180.30 points (1.1 per cent) to settle at 16,520.85.
Although the rupee has depreciated against the US dollar, it has appreciated against other major currencies such as euro and the Japanese yen.
Indian Rupee vs US Dollar: In the early trade on Tuesday, the rupee fell over 8 paise to touch a fresh all-time low of 80.06 against the greenback in early trade, Bloomberg data showed.
Stock Market Today (July 19): The S&P BSE Sensex gained 246.47 points (0.45 per cent) to end at 54,767.62, while Nifty 50 jumped 62.05 points (0.38 per cent) to settle at 16,340.55.
At the interbank forex market, the local unit opened lower at 80.00 against the greenback and fell further to an intra-day low of 80.05.
The rupee had opened strong at 79.75 but fell again towards the 80 level, this time on the back of a supportive range from crude as Brent breached $100 per barrel on less chance of recession in US.
The Finance Minister said the RBI has mentioned that “cryptocurrencies are not a currency” and could have a “destabilising effect” on the monetary and fiscal stability of a country.
HDFC Bank Share post Q1 results: The HDFC Bank scrip fell 1.60 per cent to Rs 1342.00 apiece on the BSE while on the National Stock Exchange (NSE), it declined 1.47 per cent to Rs 1,342.05.
At the interbank foreign exchange, the rupee opened at 79.76 against the American dollar, registering a gain of 6 paise over the last close. In initial deals, the local unit witnessed an early high of 79.72 and low of 79.81 against the American currency.
Stock Market Today (July 18): The S&P BSE Sensex gained 760.37 (1.41 per cent) to end at 54,521.15, while the Nifty 50 rallied 229.30 (1.43 per cent) to settle at 16,278.50.
The US dollar has strengthened not only against the Indian rupee but against many other major currencies, an official said, adding that this year the rupee has strengthened against the Euro, the Japanese yen and the British pound.
The valuation loss, reflecting the appreciation of the US dollar against major currencies and decline in gold prices, have also played a part in the decline in the reserves. Forex reserves have fallen by $13 billion in the two weeks ended June 8.
The rupee depreciation has wiped away some of the gains that would have accrued to India from international oil and fuel prices dropping to pre-Ukraine war levels.
At the interbank foreign exchange market, the local currency opened at 79.95 and witnessed an intra-day high of 79.82 and a low of 79.96 against the US dollar in the day trade. The local unit finally settled at 79.91 a dollar, up 8 paise over its previous close.
Share Market News, Sensex, Nifty, Share Prices Updates, 15 July 2022 Friday: The S&P BSE Sensex surged 344.63 points (0.65 per cent) to end at 53,760.78 while the Nifty 50 climbed 110.55 points (0.69 per cent) to settle at 16,049.20.
The domestic currency, which had closed at 79.63 at its previous close, slipped to a low of 79.97 intraday before closing lower at 79.88 on Thursday.
Share Market News: 14 July 2022: The S&P BSE Sensex dropped 98.00 points (0.18 per cent) to end at 53,416.15, while the Nifty 50 fell 28.00 points (0.18 per cent) to settle at 15,938.65
At the interbank foreign exchange market, the local currency opened strong at 79.72 and witnessed an intra-day high of 79.71 and a low of 79.92 against the US dollar in the day trade.
Brent is down sharply since hitting $139 in March, close to the all-time high reached in 2008. Renewed Covid-19 curbs in China have weighed on the market this week.







