Jun 17, 2014, 02.22 PM IST | Source: Moneycontrol.com
The Indian rupee recovered quite sharply from its 7-week low of 60.47 a dollar touched in early trade today to 60.13 now, up 4 paise compared to previous day's close.
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Nifty in tight range, rupee recovers from 7-week low
The Indian rupee recovered quite sharply from its 7-week low of 60.47 a dollar touched in early trade today to 60.13 now, up 4 paise compared to previous day's close.
14:24
Moneycontrol BureauLive Market Commentary The 50-share NSE Nifty continued to move in a 20-point range around 7540 level as investors will closely watch the FOMC meet that will begin tonight for two days. Most of experts feel the Federal Reserve may cut monthly fiscal stimulus by another USD 10 billion to USD 45 billion.
The Sensex rose 13.84 points to 25204.32 and the Nifty gained 9.20 points at 7542.75. About 1712 shares have advanced, 1099 shares declined, and 123 shares are unchanged. After looking at the fall in previous two sessions, the market seems to have priced in Iraq crisis and rupee depreciation.
The Indian rupee recovered quite sharply from its 7-week low of 60.47 a dollar touched in early trade today to 60.13 now, up 4 paise compared to previous day's close.
13:00
Globally, Asian markets trade cautiously as tensions of deepening conflict in Iraq and a gas dispute between Ukraine and Russia sapped investors' appetite for risk. All eyes now on the US FOMC that begins its two-day meeting today.
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12:00
ONGC, Bharti Airtel, Maruti Suzuki, Axis Bank, Gail, HCL Technologies, UltraTech Cement and Ambuja Cements gained 1-3 percent. However, HDFC, M&M, Tata Power, Hindalco Industries, Hero Motocorp, DLF and United Spirits dropped 1-2 percent.
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11:01
ONGC, Bharti Airtel, Axis Bank, GAIL and TCS are top gainers in the Sensex. Among the losers are Tata Steel, HDFC, Tata Power, M&M and Hero MotoCorp.
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10:23
The BSE Midcap and Smallcap indices gained 0.8 percent and 1.1 percent, respectively. More than two shares advanced for every share declining on the BSE.
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09:15
L&T, HDFC, Reliance, SBI and M&M are major laggards while GAIL, TCS, Wipro, Tata Motors and Cipla are major gainers in the Sensex.
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