May 28 2018

Rupee remained at 2-week high against US. Dollar

Financial Market Overview

28th May, 2018

Noon Update:-                                                                                  

MARKETS AT Noon:-

Rupee:-

  • The Indian rupee remained at a two-week high of 67.44/67.45 per dollar, against its previous close of 67.7750/67.7850, on easing global crude oil prices and as the U.S. Treasury yields remained below 3% mark that hurt greenback demand. However, importers demand for the dollar limited further gains in the local unit.

Indian Equities:-

  • The market is trading at day’s high, with the Nifty inching towards 10,700 levels following sharp correction in crude oil prices and appreciation in the rupee. The Sensex is up over 250 points, backed by banking & financials, oil retailers, pharma and FMCG stocks.
  • The 50-share NSE Nifty rose 84.80 points to 10,689.95 while the Sensex gains 253.93 points or 0.73% at 35,178.80.

Global Markets:-

  • Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.70% and the Nikkei 225 rose 0.13%. The Shanghai Composite lost 0.20%.
  • European markets are higher today as French and German shares show gains. The CAC 40 is up 0.43% while the DAX is up 0.48%. The British FTSE 100 is closed.
  • The euro gained ground against the dollar on Monday, after Italy’s president moved to block the appointment of a euro sceptic economy minister, bolstering investor sentiment towards the single currency.