Friday 15 June 2018

Market Live: Sensex mildly higher; rupee hits 3-week low; Alembic Pharma rallies

Market Live Sensex mildly higher; rupee hits 3-week low; Alembic Pharma rallies. Asian markets are cautiously mixed ahead of expected US tariffs.

Asian markets are cautiously mixed ahead of expected US tariffs.

Rupee Update: The rupee plunged by 32 paise to hit a three-week low of 67.95 against the US dollar following strong demand for the greenback amid sustained foreign capital outflows.
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Besides, the dollar strengthening against other currencies overseas as the European Central Bank (ECB) pledged to leave interest rates unchanged until mid-2019, weighed on the rupee, traders said.

 

Foreign portfolio investors (FPIs) sold shares worth Rs 1,372.84 crore yesterday, as per provisional data issued by the stock exchanges.

Yesterday, the rupee had gained 3 paise to end at 67.62 against the US currency, cutting short its two-day decline.

Market Update: The market is rangebound. Investors monitor the trade developments ahead of likely announcement of US tariffs on some Chinese goods.

The 30-share BSE Sensex fell 15.47 points to 35,584.35 and the 50-share NSE Nifty declined 1.70 points to 10,806.30. About 954 shares advanced against 687 declining shares on the BSE.

Market Opening: Benchmark indices opened on a flat note amid mixed trade in Asia ahead of likely US tariffs on select Chinese goods.

The Sensex fell 12.28 points to 35,587.54 and the Nifty slipped 1.80 points to 10,806.20.

L&T, Reliance Industries, HDFC Bank, BPCL, and IOC are under pressure.

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Dr Reddy's. Labs, TCS, Lupin, ICICI Bank, Titan Company and Maruti Suzuki gained up to 2 percent.

The nifty Midcap index is flat.

Tata Global, HDFC Standard Life, Venkys, Kesoram Industries, PVR, HOEC, Prestige Estates and LG Balakrishna gained up to 5 percent.

SBI Life, Vakrangee, Gitanjali Gems, Avenue Supermarts and Gati fell up to 5 percent.



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