Financial Market Overview
21st August, 2018
MARKETS AT Noon:-
- The Indian rupee rose to 69.6950 versus 69.82 at previous close, after U.S. President Donald Trump criticized the Federal Reserve’s policy of increasing interest rates, denting demand for the dollar.
- Indian shares were little changed on Tuesday, coming off record highs hit earlier in the session, as sentiment across the globe was buoyed on expectations of a cooling in Sino-U.S. trade tensions.
- Indian markets have been on a record-hitting spree this month, driven by select few large-cap stocks.
- The broader NSE index was up 0.10% at 11,562.95 and the benchmark BSE index was 0.02 percent higher at 38,287.96.
- Asian markets finished higher today. The Hong Kong Hang Seng ended up by 0.53% and the Shanghai Composite closed higher by 1.31%.
- European markets are trading higher today. The Germany’s DAX is trading higher by 0.25% followed by the France’s CAC at 0.06% and the London FTSE 100 at 0.03% .
- The Dollar Index, which measures the greenback vs. a basket of its main rivals, has intensified the downside and tested fresh lows in the 95.40 region, where seems to have found some support.
- The lira weakened against the dollar in thin holiday trade on Tuesday, after U.S. President Donald Trump ruled out agreeing to any demands from Turkey to gain the release of a detained U.S. pastor.