Nov 16 2017

Rupee off lows tracking gains in local equities

Financial Market Overview

16th November, 2017

Noon Update:-                                                                                  

MARKETS AT Noon:-

Rupee:-

  • The Indian rupee came off day’s low against the dollar in afternoon trade, as foreign banks sold the greenback amid strength in local shares, limiting losses triggered after upbeat U.S. inflation and retail sales data.
  • The rupee was last seen at 65.27 to a dollar, against 65.21 at close yesterday. The currency opened at 65.29 per dollar, extending losses to 65.3850 in early trade. Most Asian currencies were flat to higher against the dollar.

Indian Equities:-

  • Benchmark indices extended rally in afternoon as index heavyweights Reliance Industries (up 2 percent) and Infosys (3 percent) pushed the Sensex higher by 270.91 points at 33,031.35.
  • The 50-share NSE Nifty rose 74.70 points to 10,192.75. All sectoral indices traded in green as IT index gained 1.7 percent followed by Bank, Auto, FMCG.
  • About 1,540 shares advanced against 875 declining shares on the BSE.

Global Markets:-

  • Asian markets finished mixed as of the most recent closing prices. The Nikkei 225 gained 1.47% and the Hang Seng rose 0.74%. The Shanghai Composite lost 0.10%.
  • European markets are higher today. Shares in Germany leading the region DAX is up 0.42% while the France CAC40 gains 0.43% and London’s FTSE is trading mildly higher by 0.05%.