Financial Market Overview
24th November, 2017
MARKETS AT CLOSE:-
- 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.
- 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.
- 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.