Nov 17 2017

Rupee remianed higher in afternoon trades

Financial Market Overview

17th November, 2017

Noon Update:-                                                                                  

MARKETS AT Noon:-

Rupee:-

  • Indian rupee remained higher against the U.S. dollar in afternoon trade, on improved sentiment at home after Moody’s Investors Service raised the country’s sovereign bond credit rating. However, greenback purchases by foreign banks after a suspected intervention by the central bank limited further gains in the rupee.
  • The rupee was last seen at 64.94 to a dollar against 65.32 at close yesterday. The currency rose as much as 1.07% to 64.62 per dollar today, highest since Nov. 7. It pared some gains after a large state-run bank purchased dollars in early trade, likely on behalf of the Reserve Bank of India. Other Asian currencies also traded higher against the dollar.

Indian Equities:-

  • The 30-share BSE Sensex rallied 327.62 points or 0.99 percent to 33,434.44 and the 50-share NSE Nifty gained 96.70 points or 0.95 percent at 10,311.45.
  • About two shares advanced for every share falling on the BSE. Nifty Bank index surged 450 points but IT stocks remained under pressure. The broader also participated in rally, with the Midcap rising a percent. Realty is the biggest gainer among sectoral indices, up 4.5 percent.

Global Markets:-

  • Asian markets finished mixed as of the most recent closing prices. The Hang Seng gained 0.62% and the Nikkei 225 rose 0.20%. The Shanghai Composite lost 0.48%.
  • European markets are mixed today. The DAX is up 0.19% while the CAC40 lost 0.01%. The FTSE 100 is off 0.19%.