Market Live: Sensex, Nifty rangebound; RIL second largest paraxylene producer in the World.
Among the sector, pharma, banks, FMCG are holding the gains, while auto, metal, IT, infra are trading lower.
Market Update: Benchmark indices continued to consolidate with a negative bias. The Sensex fell 62.25 points to 35,583.15 and the Nifty declined 18.70 points to 10,751.20.
About four shares declined for every three shares rising on the BSE.
Market Check: The market is trading with the marginal loss with Sensex down 70 points at 35576.87, while Nifty trading below 10,750.
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About 943 shares have advanced, 1062 shares declined, and 113 shares are unchanged.
Infosys, Titan Company, Tata Motors, Vedanta and Tata Steel are the negative contributors to the Nifty.
Infosys, Titan Company, Tata Motors, Vedanta and Tata Steel are the negative contributors to the Nifty.
Among the sector, pharma, banks, FMCG are holding the gains, while auto, metal, IT, infra are trading lower.
Crude Update: Oil prices eased after US President Donald Trump sent a tweet urging OPEC to reduce prices for crude.
Brent crude futures were at $77.68 per barrel, down 0.72 percent, from their last close.
US West Texas Intermediate (WTI) crude futures were down 0.38 percent, at $73.86 per barrel.
Trump late on Wednesday said the Organization of Petroleum Exporting Countries (OPEC) producer cartel was driving up fuel prices.
"The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members for very little $'s. This must be a two-way street. REDUCE PRICING NOW!" Trump wrote on Twitter. Reuters reported.
Rupee Update: The rupee declined 9 paise to 68.83 against the US dollar, pressured by a lower opening in the domestic stock market.
Increased demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee.
Foreign portfolio investors (FPIs) sold shares worth Rs 284.58 crore yesterday, as per provisional data.
Forex dealers said the rise of euro and yen against the greenback capped the rupee's fall.
Yesterday, the rupee had lost 17 paise at 68.74 against the dollar amid rising crude oil prices and inflationary concerns after MSP hike for Kharif crops by the government, reports PTI.
Market Opening: Benchmark indices are trading flat in opening trade amid weak Asian markets.
The Sensex down 4.94 points at 35640.46, and the Nifty down 1.10 points at 10768.80.
Bajaj Finserv, M&M, Yes Bank, BPCL, Hero Motocorp, UltraTech Cement, HPCL, Dr. Reddy's Labs, Tech Mahindra, and Lupin are early gainers.
Tata Steel, Titan Company, Idea Cellular, Bharti Airtel, Tata Motors and Bajaj Auto are under pressure.
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Crude Update: Oil prices eased after US President Donald Trump sent a tweet urging OPEC to reduce prices for crude.
Brent crude futures were at $77.68 per barrel, down 0.72 percent, from their last close.
US West Texas Intermediate (WTI) crude futures were down 0.38 percent, at $73.86 per barrel.
Trump late on Wednesday said the Organization of Petroleum Exporting Countries (OPEC) producer cartel was driving up fuel prices.
"The OPEC Monopoly must remember that gas prices are up & they are doing little to help. If anything, they are driving prices higher as the United States defends many of their members for very little $'s. This must be a two-way street. REDUCE PRICING NOW!" Trump wrote on Twitter. Reuters reported.
Rupee Update: The rupee declined 9 paise to 68.83 against the US dollar, pressured by a lower opening in the domestic stock market.
Increased demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee.
Foreign portfolio investors (FPIs) sold shares worth Rs 284.58 crore yesterday, as per provisional data.
Forex dealers said the rise of euro and yen against the greenback capped the rupee's fall.
Yesterday, the rupee had lost 17 paise at 68.74 against the dollar amid rising crude oil prices and inflationary concerns after MSP hike for Kharif crops by the government, reports PTI.
Market Opening: Benchmark indices are trading flat in opening trade amid weak Asian markets.
The Sensex down 4.94 points at 35640.46, and the Nifty down 1.10 points at 10768.80.
Bajaj Finserv, M&M, Yes Bank, BPCL, Hero Motocorp, UltraTech Cement, HPCL, Dr. Reddy's Labs, Tech Mahindra, and Lupin are early gainers.
Tata Steel, Titan Company, Idea Cellular, Bharti Airtel, Tata Motors and Bajaj Auto are under pressure.
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The Nifty Midcap index fell 17 points while Nifty Bank index gained 20 points.
Bharat Forge, Force Motors, Future Lifestyle, Shriram Transport and Biocon gained up to 3 percent while Tata Coffee is under pressure.
Reliance Industries gained more than 1 percent ahead of 41 AGM scheduled to be held today.
Rupee Update: The Indian rupee opened lower by 6 paise at 68.80 per dollar on Thursday against previous close 68.74.
Yesterday rupee fell against the US dollar in the latter half of the session primarily on back of rising in global crude oil prices. Volatility for major currencies including the rupee was low in yesterday’s session as US markets were shut on account of Independence Day holiday, said Motilal Oswal.
On the other hand, global crude oil prices could trade in a wide range keeping most market participants on the edge. Crude has been one of the major factors that led to volatility in most asset classes. Iranian President threatened to disrupt oil shipments from neighboring states if Washington continued to press all countries to stop buying Iranian oil.
Today, USD-INR pair is expected to quote in the range of 68.50 and 69.05, it added.
Bharat Forge, Force Motors, Future Lifestyle, Shriram Transport and Biocon gained up to 3 percent while Tata Coffee is under pressure.
Reliance Industries gained more than 1 percent ahead of 41 AGM scheduled to be held today.
Rupee Update: The Indian rupee opened lower by 6 paise at 68.80 per dollar on Thursday against previous close 68.74.
Yesterday rupee fell against the US dollar in the latter half of the session primarily on back of rising in global crude oil prices. Volatility for major currencies including the rupee was low in yesterday’s session as US markets were shut on account of Independence Day holiday, said Motilal Oswal.
On the other hand, global crude oil prices could trade in a wide range keeping most market participants on the edge. Crude has been one of the major factors that led to volatility in most asset classes. Iranian President threatened to disrupt oil shipments from neighboring states if Washington continued to press all countries to stop buying Iranian oil.
Today, USD-INR pair is expected to quote in the range of 68.50 and 69.05, it added.
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