Financial Market Overview
22nd May, 2018
MARKETS AT OPEN:-
- Indian rupee opens higher at 68.0225 against the U.S. currency after the dollar index pulled back from its highest level this year. Pair USDINR now at 67.94 against 68.12 previous close.
- Pair to tip in range between 67.85-68.10.
- Benchmark indices started off trade on a flat note, tracking mixed trend seen in Asian stocks. The 30-share BSE Sensex was up 30.63 points at 34,646.76 and the 50-share NSE Nifty rose 15.30 points to 10,532.
- Coal India, ONGC, NTPC and BPCL were early gainers while Bharti Airtel, Lupin, SBI, Bharti Infratel, Grasim, M&M and Hindalco Industries were under pressure.
- Asian markets are lower today. The Australian ASX200 lost 0.83% , the Shanghai Composite is trading down by 0.40% while the Hong Kong’s Hang Seng is closed on account of the Birthday of Buddha.
- European markets finished mixed as of the most recent closing prices on Monday. The FTSE 100 gained 1.03% and the CAC 40 rose 0.41%. The DAX lost 0.28%.
- US. stocks rose on Monday after the United States and China put their trade differences “on hold” to work on a wider agreement, while sentiment was also boosted by deal activity. The Dow Jones Industrial Average rose 298.27 points, or 1.21 percent, to 25,013.36, the S&P 500 gained 20.04 points, or 0.74 percent, to 2,733.01 and the Nasdaq Composite added 39.70 points, or 0.54 percent, to 7,394.04.
- The dollar index slipped in early Asia trading on Tuesday, easing from its highest level since mid-December and poised to end a six-day winning run. Ten-year U.S. bond yields declined further on Tuesday and are now down 7 basis points from last week’s multiyear highs. Among regional currencies, Chinese yuan, Thai baht, and the Philippine peso edged higher versus the dollar. Dollar index down 0.1% at 93.58 while the 10-year Treasury yield at 3.05%.