SC to Sebi: Can't give 6 months more for Adani probe.World Hypertension Day: Secure your health now.TECNO encourages youth to ‘Take a Shot’.Join IIM Lucknow’s Healthcare Management Programme.Just 1.6% realised in insolvency cases against loan guarantors.Airtel profit in Q4 rises 49% to Rs3,000 crore.Supreme Court to Sebi: Submit status of Adani probe within three months, not six.Where do the rich invest? Watch: Investment ideas of wealthy Indians, from REITs to GIFT City.2,000 rupee notes withdrawn from circulation: FAQs.Foreign Portfolio Investors (FPIs) were net sellers on Thursday as they sold equities worth Rs 995 crore, according to exchange data. On the domestic equity market front, the benchmark BSE Sensex declined by 398.18 points or 0.69 per cent to settle at 57,527.10 points, while the broader Nifty dropped by 138.85 points or 0.77 per cent to 16,945.05 points. Prices shall be in range between 82.00-83.00 on the back of updates from the crude, US dollar and capital market volatile performance due to FII selling, Trivedi said. Crude prices have seen strong selling giving some support to rupee. According to Jateen Trivedi, VP Research Analyst at LKP Securities, rupee traded weak on the back of dollar strength above 102.80 and continued selling from FII's in capital markets. ![]() Global equity markets saw subdued trade amid reports that the US is likely to defer restocking of its strategic oil reserves despite current low prices. Brent crude, the global oil benchmark, fell sharply by 3.36 per cent to $73.36 per barrel. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.68 per cent higher at 103.23. Traders may remain cautious ahead of durable goods orders and PMI data from the US, Choudhary said. However, easing crude oil prices may support Rupee at lower levels. Selling pressure from FIIs and month-end Dollar demand from importers may also weigh on Rupee," Choudhary added. "We expect the Indian Rupee to trade with a negative bias on risk aversion in global markets and a positive Dollar. Bank of England hiked interest rates by 25 bps to 4.25 per cent, the highest in 15 years, Choudhary said. Dollar also gained on upbeat US current account deficit and new home sales data. Dollar rose on safe-haven appeal amid weak Asian and European currencies and equities. Sustained FII outflows also weighed on the domestic currency. According to Anuj Choudhary - Research Analyst at Sharekhan by BNP Paribas, the Indian rupee depreciated due to weak domestic markets and a positive Dollar. On Thursday, the rupee settled at 82.20 against the US dollar. The domestic unit finally settled at 82.40 (provisional) against the American currency, 20 paise lower against its previous close.
0 Comments
Leave a Reply. |