Rupee closed today on account of Ganesh Chaturthi; Market awaits ECB and BoE monetary policy decision

Rupee closed today on account of Ganesh Chaturthi; Market awaits ECB and BoE monetary policy decision

13 Sep 2018 10:00 AM
Myforexeye Research Report

Financial Market Overview

13th September, 2018

Morning Coffee:-



  • Indian rupee closed today but yesterday Indian rupee rebounded from record-low levels intraday to end higher for the first time in three sessions, on news Prime Minister Narendra Modi may review the nation’s economic situation over the weekend, raising hopes for steps to stem the currency’s recent slump.
  • The rupee closed at 72.19 to a dollar against 72.69 at previous close. It fell to a record-low 72.92 earlier today before staging a full recovery to 71.90, after a finance ministry official informed about Modi’s possible weekend review.


Indian Equities:-

  • BSE and NSE are shut on September 13 on account of Ganesh Chaturthi. As a result, there will be no trading in the equity market. Along with it, all wholesale commodity markets, including those of metals and bullion, are closed. At the close of market hours on September 12, 2018, the
  • Sensex ended up 304.83 points or 0.81 percent at 37717.96, while the Nifty is higher up 82.40 points or 0.73 percent at 11369.90. The market breadth is still negative as 1,119 shares advanced, against a decline of 1,512 shares, while 198 shares were unchanged.


Global Markets:-

  • Asian markets are higher today as Chinese and Hong Kong shares show gains. The Shanghai Composite is up 0.21% while the Hang Seng is up 1.40%. The Nikkei 225 is up by 0.81%.The Australian's ASX200 is little down today by -26 points and -0.42% .
  • European markets finished higher today with shares in France leading the region. The CAC 40 is up 0.91% while London's FTSE 100 is up 0.55% and Germany's DAX is up 0.52%.
  • The Dow and S&P 500 ended slightly higher on Wednesday after news of a fresh round of U.S.-China trade talks, while the Nasdaq fell following a decline in Apple Inc shares as the company unveiled larger iPhones but made just minor changes to its offerings.
  • The Dow Jones Industrial Average rose 27.86 points, or 0.11 percent, to 25,998.92, the S&P 500 gained 1.02 points, or 0.04 percent, to 2,888.91 and the Nasdaq Composite dropped 18.25 points, or 0.23 percent, to 7,954.23.
  • Under fire over his handling of Russian election meddling, U.S. President Donald Trump signed an executive order on Wednesday meant to strengthen election security by slapping sanctions on foreign countries or people who try to interfere in the U.S. political process. U.S. intelligence agencies concluded that entities backed by the Kremlin sought to boost Republican Trump's chances of winning the White House in the 2016 election against his Democratic opponent, Hillary Clinton. But Trump in July publicly accepted Russian President Vladimir Putin's denials at a joint press conference after they met for a summit in Helsinki.
  • The Census Bureau said in its Income, Poverty and Health Insurance Coverage and Supplemental Poverty Measure report that median household incomes increased 1.8 percent to $61,400 last year.



Date : Sep-2018