The Indian rupee plunged to a fresh 15 month low against the dollar in early trades after US President Donald Trump pulled the United States out of an international nuclear deal with Iran. Surging demand for the greenback as crude oil prices zoomed sharply amid foreign capital outflows further weighed down the currency excessively. Early losses in stock markets and demand for the US currency from importers also dampened rupee sentiments....
Nifty 10741/Sensex 35319/ Bank Nifty 2615425 Advances / 25 Declines/ 0 UnchangedMarket ends on a flat noteIndian equity benchmarks rose for third day in a row led by Tata Motors, TCS, Reliance Industries and HDFC Bank as investors shrugged off concerns that crude oil prices may hurt the economy after the U.S. reinstated sanctions on Iran, keeping their focus on company earnings reports. The S&P BSE Sensex rose 0.29 percent or 103 points to...
Gold prices traded sideways as rising US dollar capped the gain while increased haven demand due to Iran tensions may support prices at lower levels. US President Donald Trump's decision to pull out nuclear deal with Iran, raising the risk of conflict in the Middle East, upsetting European allies and casting uncertainty over global oil supplies. Moreover, Trump and Chinese President Xi Jinping discussed ongoing trade issues on Tuesday, as both...
Technical Pick - Bharat financeWe have seen a great rally in Bharat finance from bottom of 960 till 1171.00. Bharat Finance is trading around it’s near term support of 1140. On daily chart Bharat Finance look positive on chart having hurdle point at 1160 mark. Break and sustain above 1160 will take it to 1180-1200 and then to 1230-1250 marks in days to come else could touch its support level of 1140.00. Below 1140 only it will negate our...
Oil futures rebounded, hitting levels near the 3 1/2-year high after bullish data on U.S. oil inventories, and in the wake of the U.S. pulling out of the Iran nuclear deal. Crude prices have swung wildly in recent days, as investors anticipated Trump’s decision on whether to withdraw from the Iran deal. Data from the American Petroleum Institute helped fuel the rebound, with U.S. crude, gasoline and distillate inventories logging sizable declines...
Fundamental AspectSoybean futures traded marginally lower as participants trimmed their positions due to weak domestic demand and expectation of higher oilseed production next season. Further, record Brazilian supplies and slow demand from top importer China too weighed on the soybean prices.Jeera futures traded with slightly lower bias on technical correction at higher price levels, while next contract seems supportive due to lower arrivals from...
The Indian rupee weakened further against the dollar to trade at a fresh 15-month low due to appreciation of the American currency overseas amid sustained foreign capital outflows. Increased demand for the US currency from importers also weighed down the currency. Overseas, Asian markets were trading higher following firm leads from Wall Street. US stock market settled higher yesterday following a late-President Donald Trump pulled the...
Economic Times● Flipkart, Walmart all set for world’s biggest e-commerce deal● Vijay Mallya loses UK lawsuit over $1.55 billion in Indian claims● Telecom dept to examine proposal for sale of Tata Teleservices’ enterprise business● Low margins keep developers away from low-cost housing projects● Cognizant results show Indian IT’s growth acceleration theory is sputteringBusiness Standatd● ICICI Bank shares surge over 8%, set for biggest gain since...
Nifty 10717/Sensex 35216/ Bank Nifty 2609025 Advances / 25 Declines/ 0 UnchangedMarket ends on a flat noteKey benchmark indices ended a tad in the green after a volatile session of trade amid divergent trend in index pivotals. The barometer index, the S&P BSE Sensex, rose 8.18 points or 0.02% to settle at 35,216.32. The Nifty 50 index rose 2.30 points or 0.02% to settle at 10,717.80. PSU bank stocks rose. Private bank stocks fell. Realty...
Today’s PerformanceBTSTKajaria Ceramics from 528 – 538. Gain of 8000Intraday Future... Gain of more than 18000/- 💰💰 Gail buy from 446--449. Gain of more than 5000/-KPIT buy from 260---263. Gain of 13500/-Cash Regular... 💰💰KRBL from 476 – 505. Booked ProfitCash Intraday... Again a good dayCentral Union Bank from 187.5---193. Booked ProfitKEI Industries from 436 – 448. Booked ProfitFuture Regular... Not a good day. Loss of 16000/-...
