Mar 09 2018

Rupee set to snap 2 week fall as risk appetite improves

Financial Market Overview

09th March, 2018

Noon Update:-                                                                                  

MARKETS AT Noon:-

Rupee:-

  • The Indian rupee remained higher against the dollar in afternoon trade and was set for its first weekly rise in three weeks, as some exemptions in U.S. tariffs on steel and aluminium imports and easing U.S.-North Korea tensions improved appetite.
  • The rupee last seen at 65.17 to a dollar, against 65.14 at the previous close. The currency opened little changed at 64.12 to dollar, but rose to day’s high of 65.05 earlier today.

Indian Equities:-

  • Benchmark indices continue to trade higher amid volatility, with the Nifty inching towards 10,300 levels, backed by HDFC Group, technology and oil stocks.
  • The 30-share BSE Sensex was up 127.37 points at 33,478.94 and the 50-share NSE Nifty gained 42 points at 10,284.70.

Global Markets:-

  • European markets finished broadly higher on Thursday with shares in France leading the region. The CAC 40 is up 1.28% while Germany’s DAX is up 1.09% and London’s FTSE 100 is up 0.63%.
  • Shares in Hong Kong are higher today as the Hang Seng gains 0.96%. The stock markets in Tokyo and Shanghai are closed at this time.
  • Output in the UK manufacturing sector grew  0.1% in January, according to figures published on Friday by the Office for National Statistics (ONS). Economists had forecast a rise of 0.2% The sector grew by 0.3% in December.
  • Industrial production grew 1.3% in January, compared with the previous month, below the consensus forecast for a gain of 1.5%.