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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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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OPENING BELL: Sensex rises 100 pts, Nifty above 11,600; PNB Housing jumps 10%, Vodafone Idea slips 8%
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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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Home Bar Accessories - https://amzn.to/3LedEOv
Glassware - https://amzn.to/3KRPSrf
Ice mould - https://amzn.to/3EWlecr
Disclaimer:
The purpose of this channel is not to support or encourage underage drinking but to provide knowledge of the products we consume. This channel does not promote or sell any alcoholic product. The purpose of this channel is to strictly entertain and inform people about products available on the market. We are strictly against underage drinking and do not support it.
About The Channel:-
If you love homestyle cocktails, reviews of Alcohol, Drink kn
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