The Indian rupee opened little higher at 72.30

The Indian rupee opened little higher at 72.30

11 Sep 2018 09:40 AM
Myforexeye Research Report

Financial Market Overview

11th September, 2018

Morning Coffee:-



  • The Indian rupee opened higher by 15 paise at 72.30 per dollar on Today. Yesterday rupee ended at record closing low of 72.45 per dollar, down by 72 paise against Friday's close of 71.73.
  • The dollar remains well bid against emerging market currencies and trade war worries keep Asian currencies under pressure.
  • We expect the pair to trade in the range between 72.10 to 72.60

Indian Equities:-

  • It’s a green start on this Tuesday morning, with the Sensex rising over 100 points, while the Nifty is trading quarter of a percent higher. 
  • Banking names are trading in the green, while pharmaceuticals, metals as well as auto names are higher as well. In the broader markets, the Nifty Midcap index is higher by 0.25 percent.
  • The Sensex is up 120.42 points or 0.32% at 38042.59, while the Nifty is up 31.70 points or 0.28% at 11469.80. The market breadth is positive as 407 shares advanced, against a decline of 145 shares, while 35 shares were unchanged.

Global Markets:-

  • Asian markets are lower today as Chinese,Japanese and Hong Kong shares fall. The Nikkei 225 is off 0.03% while the Hang Seng is down 0.93%. The Australian's ASX200 is little positive today by 2 points and 0.04% .
  • European markets finished higher yesterday with shares in France leading the region. The CAC 40 is up 0.33% while Germany's DAX is up 0.22% and London's FTSE 100 is up 0.02%.
  • U.S. stocks mostly edged higher on Monday, with the S&P 500 and Nasdaq rebounding to snap a four-day losing streak, although a drop in Apple Inc kept gains in check.
  • The Dow Jones Industrial Average fell 59.13 points, or 0.23 percent, to 25,857.41, the S&P 500 gained 5.51 points, or 0.19 percent, to 2,877.19 and the Nasdaq Composite added 21.62 points, or 0.27 percent, to 7,924.16.
  • The UK economy grew at a faster pace in July with the rolling three months figure showing its fastest expansion in nearly a year, according to data released on Monday.
  • The Office of National Statistics said the economy grew 0.6% in the three months to July, picking up from the meager 0.4% expansion seen previous month.
  • Month-on-month, GDP increased by 0.3% in July, picking up from the prior month's 0.1% growth and beating consensus expectations for an expansion of 0.2%.
  • Investor morale in the euro zone fell by more than expected in September, a survey showed on Monday, as concerns about emerging markets, political developments in Europe and trade tensions with the United States weighed on sentiment.
  • Sentix's index for the euro zone fell to 12.0 from 14.7 points in August. The Reuters consensus forecast was for a dip to 14.6.
  • A sub-index measuring expectations fell to -8.8 from -5.8. A sub-index on current conditions fell to 35.0 from 37.3.



Date : Sep-2018