Jul 12 2018

Rupee extend its gains to more than a week high on Oil collapse

Financial Market Overview

12th July, 2018

Noon Update:-                                                                                  



  • Indian rupee extended early gains against the dollar to a more-than-one-week high in afternoon trade, tracking an overnight slump in global crude oil prices.
  • The rupee was last seen at 68.56 to a dollar, highest since Jul. 4, against 68.77 at previous close. It opened little changed at the day’s low of 68.76 before appreciating to as much as 68.52 so far today.

Indian Equities:-

  • Equity benchmarks have extended its  gains in afternoon session. The Sensex has managed to hold their record high marks, while the Nifty is trading above 11050 level.
  • The Sensex gains 407.40 points or 1.12% at 36,673.33, while the Nifty is up by 114.75 points at 11063.05.

Global Markets:-

  • Asian markets finished broadly higher today with shares in China leading the region. The Shanghai Composite is up 2.16% while Japan’s Nikkei 225 is up 1.17% and Hong Kong’s Hang Seng is up 0.60%.
  • European markets are mixed today with shares in London leading the region. The FTSE100 is up 0.28%, Germany’s DAX gains 0.04% while the France’s CAC is trading lower by 0.05%.
  • The benchmark Brent crude oil contract was last trading at $74.59 a barrel. Yesterday, it slipped 6.9% to close at $73.40 a barrel, marking its largest single-session fall since Feb. 9, 2016.
  • The more closely watched U.S. consumer inflation data is due later today. Traders also await India’s consumer inflation data due post market close today.