Rupee ended lower; S&P global maintains status quo

24 Nov 2017 12:04 PM
Financial Market Overview 24th November, 2017 Evening Coffee:-                                                                                       MARKETS AT CLOSE:- Rupee:-
  • The rupee ended lower at 64.6975 to a dollar today, against 64.58 at the previous close, on short-covering and across-the-board greenback buys from banks. It marked the rupee's largest single-session loss since Nov. 13.
  • India's foreign exchange reserves rose to $399.53 billion as of Nov 17, compared with $399.29 billion a week earlier, the Reserve Bank of India said on Friday.
  • In an announcement made after market hours, S&P Global Ratings retained its credit rating on India at BBB- with a Stable outlook.
Indian Equities:-
  • The Sensex closed higher by 91.16 points at 33679.24, while the Nifty was up 40.90 points at 10389.70. The market breadth was positive as 1506 shares advanced against a decline of 1227 shares, while 154 shares were unchanged.
  • Infosys, Bajaj Auto, GAIL and Aurobindo Pharma were the top gainers, while BHEL, SBI, Hindalco and Vedanta were the top losers.
Global Markets:-
  • European markets are higher today. The CAC 40 is up 0.57% while the DAX gains 0.31% and the FTSE 100 rose 0.03%.
  • Asian markets finished higher today with shares in Hong Kong leading the region. The Hang Seng is up 0.53% while Japan's Nikkei 225 is up 0.12% and China's Shanghai Composite is up 0.06%.
  • German research institute Ifo earlier reported that its Business Climate Index rose to 117.5this month from a reading of 116.7 in October, beating forecasts for a drop to 116.6.