Market Live: Nifty struggles below 10,800; Jhunjhunwala says 2018 is the year of consolidation.
Asian stocks recoup morning losses to trade higher with Japan's Nikkei rising over half a percent.
Market Live: Nifty struggles below 10,800; Jhunjhunwala says 2018 is the year of consolidation
Asian stocks recoup morning losses to trade higher with Japan's Nikkei rising over half a percent.
Market Update: The market continued to consolidate amid rising fears of a global trade war started by the world's largest two economies US and China.
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The Nifty Midcap index underperformed frontliners, falling mildly while the sectoral trend remained mixed.
The 30-share BSE Sensex rose 23.19 points to 35,570.52 and the 50-share NSE Nifty gained 4.20 points at 10,776.20.
The 30-share BSE Sensex rose 23.19 points to 35,570.52 and the 50-share NSE Nifty gained 4.20 points at 10,776.20.
The market breadth is in favour of declines as about 1,069 shares slipped against 823 advancing shares on the BSE.
Rupee Update: The rupee slipped 12 paise to 68.20 against the US dollar due to fresh buying of the American currency by importers amid sustained foreign fund outflows.
Forex dealers said the dollar hovering near an 11-month high against a basket of currencies overseas, supported by a rise in US yields, also weighed on the rupee but a higher opening of the domestic equity markets limited the fall.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,442.61 crore yesterday, as per provisional data issued by stock exchanges.
Yesterday, the local currency had staged a good comeback to end with a sharp gain of 30 paise at 68.08 against the US currency on heavy bouts of dollar selling by banks and exporters with equities gaining ground, reports PTI.
Market Opening: Benchmark indices started off the day on a positive note Thursday, tracking positive Asian cues.
The 30-share BSE Sensex rose 92.13 points to 35,639.46 and the 50-share NSE Nifty gained 25.70 points at 10,797.70.
ICICI Bank gained 1 percent.
Nifty Midcap index rose 45 points.
InterGlobe Aviation, Adani Transmission, Adani Ports, Arvind, PFC, Havells, Jubilant Foodworks, NIIT Tech, PTC India Financial, CG Power, Delta Corp, Gruh Finance and Cummins India gained 1-3 percent.
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Rupee Update: The rupee slipped 12 paise to 68.20 against the US dollar due to fresh buying of the American currency by importers amid sustained foreign fund outflows.
Forex dealers said the dollar hovering near an 11-month high against a basket of currencies overseas, supported by a rise in US yields, also weighed on the rupee but a higher opening of the domestic equity markets limited the fall.
Foreign portfolio investors (FPIs) sold shares worth Rs 2,442.61 crore yesterday, as per provisional data issued by stock exchanges.
Yesterday, the local currency had staged a good comeback to end with a sharp gain of 30 paise at 68.08 against the US currency on heavy bouts of dollar selling by banks and exporters with equities gaining ground, reports PTI.
Market Opening: Benchmark indices started off the day on a positive note Thursday, tracking positive Asian cues.
The 30-share BSE Sensex rose 92.13 points to 35,639.46 and the 50-share NSE Nifty gained 25.70 points at 10,797.70.
ICICI Bank gained 1 percent.
Nifty Midcap index rose 45 points.
InterGlobe Aviation, Adani Transmission, Adani Ports, Arvind, PFC, Havells, Jubilant Foodworks, NIIT Tech, PTC India Financial, CG Power, Delta Corp, Gruh Finance and Cummins India gained 1-3 percent.
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Bank of Maharashtra, Opto Circuits, Ruchi Soya, Jindal Saw, Welspun Corp and Strides Shasun are under pressure.
Rupee Update: The Indian rupee opened lower by 12 paise at 68.19 per dollar today against previous close of 68.07.
Near-month dollar-rupee June contract on the NSE was at 68.13 in the previous session. June contract open interest declined 3.35% in the previous day, said ICICIdirect.
We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.
Rupee Update: The Indian rupee opened lower by 12 paise at 68.19 per dollar today against previous close of 68.07.
Near-month dollar-rupee June contract on the NSE was at 68.13 in the previous session. June contract open interest declined 3.35% in the previous day, said ICICIdirect.
We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.
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