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Firm strength in dollar offsets gains in INR made from positive equities and easing oil prices
The Indian rupee depreciated 34 paise to close at 94.67 (provisional) against the US dollar on Monday, weighed down by the strength of the American currency in the overseas market. Rupee witnessed volatility as steady debt and deposit inflows pulled the domestic currency in one way, while the lack of clarity on the Middle East peace deal and a firm dollar pulled it the other way. The Indian stock market, which snapped a five-day winning streak on Friday, rebounded and closed higher on Monday, lifted by gains in technology, healthcare and oil sectors. The mood in the market remained positive amid reports of progress in US-Iran peace talks. Additionally, weak oil prices eased concerns about inflation. The benchmark BSE Sensex closed up by 291.17 points or 0.38% at 77,094.07 after scaling a low of 77,160.67 and a high of 77,325.56 intraday. At the interbank foreign exchange market, the rupee opened at 94.42, registering a decline of 9 paise from its previous close. In intraday trade, ...
Sensex settles 291 pts higher; Nifty ends above 24,100 level
As per provisional closing data, the barometer index, the S&P BSE Sensex advanced 291.17 points or 0.38% to 77,094.07. The Nifty 50 index rose 89.80 points or 0.37% to 24,102.90.
Indices trade with significant cuts; pharma share advance for 3rd day
At 14:28 IST, the barometer index, the S&P BSE Sensex advanced 403.55 points or 0.53% to 77,206.46. The Nifty 50 index rose 118.05 points or 0.50% to 24,132.45.
Sensex jumps 371 pts; European mkt decline
At 13:30 IST, the barometer index, the S&P BSE Sensex advanced 370.62 points or 0.48% to 77,173.13. The Nifty 50 index rose 108.75 points or 0.45% to 24,121.85.
Nifty trades above 24,100 level; media shares in demand
At 12:26 IST, the barometer index, the S&P BSE Sensex gained 374.55 points or 0.49% to 77,177.13. The Nifty 50 index jumped 101.55 points or 0.41% to 24,113.90.
Indices trade with decent gains; IT share advance
At 11:28 IST, the barometer index, the S&P BSE Sensex, jumped 448.50 points or 0.58% to 77,251.05. The Nifty 50 index rose 145.50 points or 0.60% to 24,158.80.
Sensex jumps 436 pts; oil & gas shares advance
At 10:30 ST, the barometer index, the S&P BSE Sensex, jumped 436.19 points or 0.57% to 77,234.05. The Nifty 50 index rose 142.20 points or 0.57% to 24,148.80.
Reliance rallies 3% post AGM, Jio IPO approval; brokerages remain upbeat
Reliance post AGM: Stock up 3% in Monday's trade. However, in the past six months, RIL has underperformed the market by falling 15%, as against 10% decline in the BSE Sensex.
Market opens on firm note; breadth strong
At 09:30 IST, the barometer index, the S&P BSE Sensex, jumped 422.80 points or 0.56% to 77,227.89. The Nifty 50 index rose 124.30 points or 0.52% to 24,135.95.
GVK Power & Infrastructure Ltd Falls 1.77%
GVK Power & Infrastructure Ltd has lost 12.06% over last one month compared to 0.14% gain in BSE Utilities index and 2.31% rise in the SENSEX
HFCL Ltd Surges 4.1%
HFCL Ltd has added 47.37% over last one month compared to 10.15% gain in BSE Telecommunication index and 2.31% rise in the SENSEX
Trade Setup For June 22: Nifty's Next Hurdle At 24,150 As Short Term Remains Positive
On Friday, both Nifty and Sensex snapped a five-day winning streak.