Financial Market Overview
08th November, 2017
MARKETS AT CLOSE:-
- The Indian rupee rose for the first time in three days against the dollar, as exporters’ greenback sales and likely equity-related inflows offset all initial losses stemming from weak sentiment amid higher crude oil prices.
- The rupee ended at 64.95 to a dollar, against 65.03 at close yesterday. It briefly fell to the day’s low of 65.17, lowest since Oct. 25, before trimming losses. Most other Asian currencies ended lower against the dollar.
- Indian shares ended lower on Wednesday, with refiners such as Reliance Industries Ltd falling on concerns over surging crude prices, while Bharti Airtel Ltd slumped after a Qatari shareholder sold a stake.
- The broader NSE index closed 0.45 percent lower at 10,303.15, while the benchmark BSE index was down 0.46 percent at 33,218.81.
- Reliance Industries Ltd ended 1.9 percent lower, while Bharti Airtel closed 3.7 percent down.
- European markets are mixed. The FTSE 100 is higher by 0.04%, while the CAC 40 is leading the DAX lower. They are down 0.28% and 0.11% respectively.
- Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.06%, while the Hang Seng led the Nikkei 225 lower. They fell 0.30% and 0.10% respectively.
- The dollar index, which measures the greenback against a basket of six major rivals, came off the day’s high and ended 0.16% higher yesterday. It was last trading down 0.10%.