Oct 06 2017

Rupee ends lower Indian equities closes higher U.S jobs data eyed

Posted Date:-06-Oct-2017

Financial Market Overview

06th October, 2017

Evening Coffee:-                                                                                      

MARKETS AT CLOSE:-

Rupee:-

  • The rupee settled at 65.3750 to a dollar, against 65.14 at the previous close. It moved in a 65.19-65.39 to dollar band today. The currency fell 0.15% in a holiday-truncated week. Indian markets were shut on Oct. 2 for a public holiday. Most other Asian currencies ended lower against the greenback.
  • India’s foreign exchange reserves fell to $399.66 billion as of Sept 29, compared with $402.25 billion a week earlier, the Reserve Bank of India said today.

Indian Equities:-

  • The S&P BSE Sensex which rose 222 points on Friday rallied 531 points for the week ended 6 October. The Nifty50 closed above 9,950 and rose 191 points in three trading sessions.
  • A strong closing of US market gave much-needed support to India equities which ended in negative territory in the previous trading session which helped Sensex to gain up to 252 points in intraday trade.
  • At the close of market hours, the Sensex was up 222.19 points at 0.7 percent, while the Nifty ended 91 points higher at 9979.70. The market breadth was healthy as 1,701 shares advanced against a decline of 961 shares, while 115 shares were unchanged.

Global Markets:-

  • European markets are mixed today. The FTSE 100 is up 0.17% while the DAX gains 0.10%. The CAC 40 is off 0.18%.
  • Asian markets finished higher today with shares in Japan leading the region. The Nikkei 225 is up 0.30% while China’s Shanghai Composite is closed for holiday and Hong Kong’s Hang Seng is up 0.28%.
  • Investors await the non-farm payrolls data, due today. According to a survey of economists, the data will likely show that non-farm payrolls increased by 90,000 jobs last month after rising by 156,000 in August.