Asian markets are mixed on the last trading day of the quarter, shrugging off gains seen on Wall Street overnight.
Asian markets are mixed on the last trading day of the quarter, shrugging off gains seen on Wall Street overnight.
Market Update: The market remained strong in morning with the Nifty holding 10,650 level on the very first day of July series, backed by oil, metals, infra and FMCG stocks.
Market Update: The market remained strong in morning with the Nifty holding 10,650 level on the very first day of July series, backed by oil, metals, infra and FMCG stocks.
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The 30-share BSE Sensex gained 194.71 points at 35,232.35 and the 50-share NSE Nifty rose 64.00 points to 10,653.10. About three shares advanced for every share falling on the BSE.
Rupee Update: The rupee recovered from its record low by rising 20 paise to 68.58 against the US dollar on fresh selling of the American currency by banks and exporters.
Rupee Update: The rupee recovered from its record low by rising 20 paise to 68.58 against the US dollar on fresh selling of the American currency by banks and exporters.
The Indian currency had yesterday breached the 69-mark but covered lost ground to finally close at an all-time low of 68.79 with a fall of 18 paise against the US dollar due to multiple headwinds like weak global cues and concerns related to inflation and fiscal slippage.
Selling of dollars by banks and exporters today made the greenback weak against some currencies overseas, which supported the rupee, forex dealers said.
Higher opening of the domestic equity market also propped up the rupee, they added, reports PTI.
Crude Update: US. oil prices held around three-and-a-half year highs touched the previous day as a Canadian production outage disrupted the North American market.
International oil markets also remained firm as looming sanctions by Washington against Iran are expected to lead to a sharp drop in supplies from the OPEC-member.
US West Texas Intermediate (WTI) crude futures were at $73.18 a barrel, down 0.37 percent from their last settlement.WTI on Thursday hit its highest since November 2014 at $74.03 per barrel.
Brent crude futures were at $77.74 per barrel, down 0.14 percent, reports Reuters.
Market Opening: Benchmark indices started off the July series on a positive note despite mixed Asian cues, after rattled in previous two consecutive sessions.
The 30-share BSE Sensex rose 115.70 points to 35,153.34 and the 50-share NSE Nifty gained 38.60 points at 10,627.70.
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Selling of dollars by banks and exporters today made the greenback weak against some currencies overseas, which supported the rupee, forex dealers said.
Higher opening of the domestic equity market also propped up the rupee, they added, reports PTI.
Crude Update: US. oil prices held around three-and-a-half year highs touched the previous day as a Canadian production outage disrupted the North American market.
International oil markets also remained firm as looming sanctions by Washington against Iran are expected to lead to a sharp drop in supplies from the OPEC-member.
US West Texas Intermediate (WTI) crude futures were at $73.18 a barrel, down 0.37 percent from their last settlement.WTI on Thursday hit its highest since November 2014 at $74.03 per barrel.
Brent crude futures were at $77.74 per barrel, down 0.14 percent, reports Reuters.
Market Opening: Benchmark indices started off the July series on a positive note despite mixed Asian cues, after rattled in previous two consecutive sessions.
The 30-share BSE Sensex rose 115.70 points to 35,153.34 and the 50-share NSE Nifty gained 38.60 points at 10,627.70.
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Tech Mahindra, Tata Motors, Tata Steel, Titan Company, HPCL, BPCL, IOC, Infosys, Reliance Industries and Hindalco Industries are early gainers.
Dr Reddy's Labs, NTPC, Asian Paints and Axis Bank are under pressure.
The Nifty Midcap index gained 150 points and Nifty Bank rose 33 points.
Mahindra CIE rallied 5.5 percent post block deal in the morning.
HEG, Graphite India, V-Mart Retail, Kaya, Future Consumer, Delta Corp and InterGlobe Aviation are early gainers.
Dr Reddy's Labs, NTPC, Asian Paints and Axis Bank are under pressure.
The Nifty Midcap index gained 150 points and Nifty Bank rose 33 points.
Mahindra CIE rallied 5.5 percent post block deal in the morning.
HEG, Graphite India, V-Mart Retail, Kaya, Future Consumer, Delta Corp and InterGlobe Aviation are early gainers.
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