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Net equity mutual fund inflows surged 26% to ₹28,973 crore in June
Despite bouts of volatility, the equity market ended June on a positive note, with the Nifty50 gaining 1.4 per cent as easing oil prices and receding tensions in West Asia lifted sentiment
INR settles higher on positive cues from local equities; Weak greenback supports
The Indian rupee rose 14 paise to settle at 95.33 (provisional) against the US dollar on Friday as the greenback weakened but crude oil prices steadied amid intensifying tensions in West Asia. FII outflows and uncertainties over fresh tensions in West Asia weighed on the local unit while positive sentiment in the domestic equity markets provided support. Local shares ended Friday's session on a buoyant note, with firm cues from global markets and TCS' better-than-expected Q1 earnings helping underpin investor sentiment. Fears about a return to full-blow war however subsided after President Donald Trump claimed that Iran wants to "make a deal so badly," but he doesn't know if they're worthy of making a deal. The BSE Sensex climbed 827.57 points (1.08%) to close at 77,569.39, while the NSE Nifty 50 rose 244.10 points (1.02%) to settle at 24,206.90.
INR extend gains amid dollar weakness; Local benchmark indices surge in early trades
The Indian rupee extended gains in opening trades on Friday tracing weakness in dollar overseas on expectations that US and Iran will continue peace negotiations despite a recent escalation. However, oil prices stay supported after recent streak of gains that could limit gains in the counter. INR opened at Rs 95.27 per dollar and hit a high of 95.22 so far during the day. Yesterday, rupee appreciated by 7 paise to settle at 95.41 against the US dollar. Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, boosted by the surge in semiconductor and AI stocks. Indian benchmark indices surged early on Friday, with the BSE Sensex climbing 701.73 points (0.91%) to 77,443.55 and the NSE Nifty 50 gaining 200.85 points (0.84%) to trade at 24,162.25.
INR settles higher, supported by good recovery in local equities
The Indian rupee appreciated by 7 paise to settle at 95.41 (provisional) against the US dollar on Thursday even as crude oil prices firmed up and the greenback strengthened in the global markets. A recovery in the stock markets and dollar selling by state-run lenders supported the local currency amid rising volatility triggered by the fresh escalation in the West Asia crisis. At the interbank foreign exchange market, the rupee opened lower by 4 paise at 95.52 against the US dollar and later traded in the range of 95.58 to 95.28 during the day. It settled at 95.41 (provisional), up 7 paise from the previous close. The rupee had declined by 52 paise to settle at 95.48 against the US dollar on Wednesday. Indian shares ended modestly higher on Thursday, after having fallen heavily in the previous session amid escalating hostilities in the Middle East. At the close of the market, the NSE Nifty 50 advanced 80.75 points (0.34%) to settle at 23,962.80, while the BSE Sensex gained 238.22 ...
INR tumbles further as renewal of war is seen driving oil prices and inflation higher
The Indian rupee slumped further in opening trades on Thursday as international crude oil prices rebounded as US President reportedly threatened to bomb Iran for a second day and reimpose the US naval blockade in retaliation for attacks on tankers transiting the Strait of Hormuz. US President Donald Trump said the ceasefire with Iran has ended, stoking concerns that a renewal of war could again drive inflation and push up interest rates. This could reinforce expectations that the US Federal Reserve (Fed) may keep interest rates higher for longer to combat stubborn inflation. INR opened at Rs 95.52 per dollar and hit a low of 95.58 so far during the day. Yesterday, rupee tanked 59 paise to settle at 95.55 against the US dollar. The Indian stock market also suffered a massive crash, with the NSE Nifty 50 plunging 516.65 points (2.12%) to close at 23,882.05, while the BSE Sensex tanked 1,677.12 points (2.15%) to settle at 76,503.60. Local markets are however recovering from the sharp ...
INR appreciates on improved market sentiment
The Indian rupee appreciated 15 paise to 95.28 against the US dollar in early trade on Tuesday on improved market sentiment after reports that Saudi Arabia has slashed August crude oil prices for Asia amid easing of geopolitical tensions in the Middle East. Lower Middle East risk premium and higher traffic from the Strait of Hormuz kept the oil prices lower. At the interbank foreign exchange market the rupee opened at 95.33 and later touched 95.28 against the American currency, registering a gain of 15 paise from its previous close. Yesterday, rupee depreciated 20 paise to close at 95.43 against the US dollar, as a strengthening greenback weighed on emerging market currencies. Meanwhile, local markets are extending gains amid strong quarterly updates from banking heavyweights like HDFC Bank, favorable monsoon progress, and steady foreign institutional buying. The BSE Sensex was trading at 78,374.76, up by 89.69 points (0.11%), while the NSE Nifty 50 was up 38.90 points (0.16%) at ..
Stock markets to track crude prices, global trends, TCS earnings this week
Trading sentiment in the stock market this week will depend on crude oil prices, global trends and the start of corporate earnings season with IT bellwether TCS reporting its June-quarter financial results on July 9, analysts said. Besides, the advancement of the southwest monsoon and trading activity of foreign investors would also influence market trading, they added. "Investors will closely monitor the quarterly results of TCS on July 9, with particular focus on management commentary regarding demand trends, discretionary spending, and AI-led business opportunities," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Last week, the BSE benchmark Sensex climbed 663.44 points, or 0.86 per cent, and the NSE Nifty increased by 214.85 points, or 0.89 per cent. "Domestically, investor attention will centre on the commencement of the Q1 FY27 earnings season from July 9, with the initial batch of corporate earnings and management commentary expected to provide valuable insights int
Pulse of the Street: Realty and healthcare lifts markets, but weak rupee clouds rally
Markets rose nearly 1% this week as softer crude oil prices, easing volatility and buying in real estate, healthcare and consumption stocks lifted sentiment. However, weakness in capital goods and power, along with continued pressure on the rupee, showed that the recovery remained selective
INR settles on a positive note; Easing oil prices, positive local equities support
The Indian rupee appreciated 26 paise to 94.90 against US dollar in early trade on Thursday, supported by easing crude oil prices. Rupee opened on a positive note as crude oil prices have fallen back to levels seen before the West Asia conflict. Even global risk sentiment has stabilised compared to the panic witnessed a few weeks ago. Foreign investors poured nearly USD 5.3 billion into Indian bond markets during June, marking the first month of positive inflows after three consecutive months of outflows. The Indian equity benchmarks closed sharply higher, with the BSE Sensex surging 579.48 points (0.75%) to settle at 77,502.12 and the NSE Nifty 50 advancing 169.85 points (0.71%) to end at 24,175.70.
INR seen supported by easing crude oil prices
The Indian rupee appreciated 26 paise to 94.90 against US dollar in early trade on Thursday, supported by easing crude oil prices. The rupee opened on a positive note as crude oil prices have fallen back to levels seen before the West Asia conflict. Brent crude slipped below $71 a barrel after signs of progress in indirect US-Iran talks eased concerns over India's inflation and import bill. Even global risk sentiment has stabilised compared to the panic witnessed a few weeks ago. Meanwhile, foreign investors poured nearly USD 5.3 billion into Indian bond markets during June, marking the first month of positive inflows after three consecutive months of outflows. Yesterday, rupee depreciated 67 paise to close near a three-week low of 95.23 against the US dollar. The BSE Sensex is trading up roughly 400 points at 77,321.07, while the NSE Nifty 50 has crossed the key psychological hurdle to trade at 24,129.75.
Stocks in news: Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI
Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel's NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered innovations, and BPCL is acquiring a stake in a Brazilian oil venture.
INR slumps back beyond Rs 95 per dollar mark as dollar stays firm; positive local equities cap downside
The Indian rupee depreciated 67 paise to close near a three-week low of 95.23 (provisional) against the US dollar on Wednesday, as a strengthening dollar index weighed on emerging market currencies. The USD/INR pair witnessed significant pressure due to the strengthening of the American currency in the overseas market, persistent capital outflows, and broader Asian currency weakness. Moreover, market sentiment turned highly cautious, following the breach of the psychological level of 95.00. Local equities also rebounded driven by positive global cues, a drop in crude oil prices, and easing geopolitical tensions. The NSE Nifty 50 gained 140.10 points (0.59%) to close at 24,005.85, while the BSE Sensex climbed 443.97 points (0.58%) to settle at 76,922.64.