Benchmark equity indices opened weak on Monday, as Dalal Street continued to react to Budget fine prints even as stronger jobs data in the US dashed hopes of aggressive rate cuts by the US Fed and geopolitical tensions in West Asia triggered a spike in crude oil prices, driving the rupee lower.
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Benchmark equity indices opened weak on Monday, as Dalal Street continued to react to Budget fine prints even as stronger jobs data in the US dashed hopes of aggressive rate cuts by the US Fed and geopolitical tensions in West Asia triggered a spike in crude oil prices, driving the rupee lower.
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Domestic equity market opened with gains on Tuesday, tracking firm cues from global peers, amid positive developemt on the US-China trade front. US President Donald Trump said on Monday he expected to sign a significant part of the trade deal with China “ahead of schedule” but did not elaborate on the timing. At around 9.40 am, BSE flagship Sensex was up 100 points to 39,350 while its NSE counterpart Nifty was trading with gains of 18 points at 11,645.
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Watch Sensex gains 100 points on firm global cues, Nifty nears 11,650; Airtel falls over 3% With HD Quality
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Rupee's free fall continues the indian currency sinked to an all time low of 68.80 against the dollar. It is the biggest fall in the currency in last 18 years and has sparked all around panic.
Government efforts to curtail rupee fall have been ineffective.
Foreign investors have sold 1 billion dollars worth indian shares in last 8 sessions although net purchases so far this year total upto 12 billion dollars
There were massive fluctuations in the stock markets.
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Sensex soars 1,300 pts on tax cut euphoria, Nifty tops 11,600; ALL surges 16%.
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Sensex rises 50 pts, Nifty nears 11,600; RBL Bank plunges 10%, Infosys 4%.
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Watch Sensex advances 50 points, Nifty nears 11,600; Infosys tanks 4% With HD Quality
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OPENING BELL: Sensex rises 100 pts, Nifty above 11,600; PNB Housing jumps 10%, Vodafone Idea slips 8%
Watch Sensex rises 100 points, Nifty above 11,600; ITC jumps 2% post Q2 results With HD Quality
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CLOSING BELL: Sensex takes a breather after 2-day euphoric rally, up 7 pts; Nifty falls below 11,600; RIL, Infy gain up to 4%
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