Rupee was trading higher against the US dollar, helped by likely position building and lack of cash dollar demand
The rupee finished the year at 82.72 to the US currency, down from 74.33 at the end of 2021, while the dollar index was headed for its biggest yearly gain since 2015
CLOSING BELL: The NSE Nifty 50 declined 86 points to 18,105, and was up 4.3 per cent for the year 2022. Broader indices - the BSE Midcap and Smallcap outperformed in trades on Friday.
India's current account deficit widened to a more than nine-year high in the July-September quarter on the back of high commodity prices, which pushed up the trade deficit, data from RBI showed
CLOSING BELL: The S&P BSE Sensex gained 732 points from the day's low, while the Nifty 50 jumped 218 points in intra-day trades, partly on account of short-covering owing to the monthly F&O expiry.
CLOSING BELL: Auto majors - Maruti and Mahindra & Mahindra were the other prominent gainers among the Sensex 30, while Bharti Airtel and Tata Steel declined around a per cent each
The rupee declined 20 paise to close at 82.85 (provisional) against the US dollar on Tuesday, pressured by month-end dollar demand from importers and foreign capital outflows. At the interbank foreign exchange market, the rupee opened lower at 82.71 against the greenback and witnessed an intraday high of 82.69 and a low of 82.87. It finally settled at 82.85, down 20 paise over its previous close of 82.65. The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.27 per cent lower at 104.02. Global oil benchmark Brent crude futures rose 0.83 per cent to USD 84.62 per barrel. The 30-share BSE Sensex ended 361.01 points or 0.60 per cent higher at 60,927.43, while the broader NSE Nifty climbed 117.70 points or 0.65 per cent to 18,132.30. Foreign Institutional Investors (FIIs) were net sellers in capital markets on Monday as they sold shares worth Rs 497.65 crore, according to exchange data. "Month-end dollar demand from oil importers a
CLOSING BELL: The BSE Metal index surged over 4.5 per cent amid reports of China further relaxing its zero Covid policy.
CLOSING BELL: The NSE Nifty shut shop at 18,015, up 208 points. Broader indices outperformed the benchmarks with gains of up to 3 per cent.
All sectors, meanwhile, drowned in the sea of red, with Nifty Media, Nifty Metal, Nifty Realty, and Nifty PSU Bank indices declining up to 6 per cent
Market at close: The pain was even more severe in the broader market space where the BSE MidCap and SmallCap indices fell 3 and 4 per cent, respectively
Market closing: The S&P BSE Sensex dropped 241 points to end at 60,826 levels in a broad-based sell-off. The Nifty50 gave up the 18,150-mark to close at 18,127, down 72 points
The rupee strengthened against the US dollar in opening trade on Thursday due to a weak greenback in the overseas markets and early gains in domestic equity markets. Firm crude oil prices and forex outflows from capital markets, however, restricted the rupee's gains, according to forex dealers. At the interbank foreign exchange market, the rupee opened higher at 82.78 to a dollar against the previous close of 82.84. The domestic unit appreciated further to hit a high of 82.73 before trading at 82.74 at 0930 hrs, showing gains of 10 paise over the previous close. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.28 per cent to 103.87. Brent crude futures, the global oil benchmark, advanced 0.45 per cent to USD 82.57 per barrel. In the domestic equity market, the 30-share BSE Sensex rose by 397.14 points to 61,464.38 while NSE Nifty advanced 119.65 points to 18,318.75. Foreign institutional investors (FIIs) turned net
CLOSING BELL: The Pharma index advanced over 2 per cent today as diagnostics and healthcare firms climbed amid rising Covid-19 cases globally
The RBI looks comfortable with the current level of forward premiums, especially since it has lifted informal restrictions on banks for trading in the non-deliverable forward (NDF) market
CLOSING BELL: Adani Enterprises, TCS, Axis Bank, Reliance Industries, ICICI Bank, IndusInd Bank, Nestle India, Ultratech Cement, SBI, and Infosys helped the frontline indices rebound
CLOSING BELL: Sectorally, the Nifty IT index was the most downbeat sector as it dipped 0.5 per cent as Accenture's Q1FY23 results rang alarm bells for Indian IT companies
According to analysts, the increase in the RBI's reserves is owing to revaluation as well as the central bank's purchases of the greenback as it looks to replenish the reserves
States have been concerned about increasing cases of Centre imposing cesses for garnering additional revenue
The rupee dropped 9 paise to close at 82.85 (provisional) against the US dollar on Friday amid heavy selling pressure in domestic equities and a strong greenback overseas. However, receding crude oil prices capped the rupee's loss, forex traders said. At the interbank foreign exchange market, the rupee opened sharply lower at 82.84 against the greenback and witnessed a high of 82.73 and a low of 82.89. It finally settled at 82.85 against the greenback, down 9 paise over its previous close of 82.76. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.13 per cent to 104.69. Brent crude futures, the global oil benchmark, declined 2.29 per cent to USD 79.35 per barrel. In the domestic equity market, the 30-share BSE Sensex closed 461.22 points or 0.75 per cent lower at 61,337.81. The broader NSE Nifty fell 145.90 points or 0.79 per cent to 18,269. Foreign institutional investors (FIIs) turned net sellers in capital markets on