usd
Jan 01 2018

USD/INR Lower In Thin Trading

Financial Market Overview

01st January, 2018

Morning Coffee:-                                                                                  

MARKETS AT OPEN:-

Rupee:-   

  

·         Pair to tip in rangUSD/INR opens lower on first trading day of 2018 amid interbank dollar offers in quiet holiday-thinned trading. Pair now at 63.82 against 63.87 previous close.e between 63.75-63.95 today.

Indian Equities:-

·         The Sensex is up 11.14 points at 34067.97, while the Nifty was down 11.40 points or 0.11% at 10519.30. The market breadth was positive as 576 shares advanced against a decline of 178 shares, while 2,878 shares were unchanged

·         State Bank of India (SBI), L&T, Hero MotoCorp and GAIL were the top gainers, while HUL, Wipro and Infosys were the top losers.

Global Markets:-

·         North Korea’s leader Kim Jong Un earlier today warns US he has nuclear button on desk ready for use if its security is threatened.

·         Asian markets finished mixed as of the most recent closing prices. The Shanghai Composite gained 0.33% and the Hang Seng rose 0.19%. The Nikkei 225 lost 0.08%.

·         North and South American markets finished mixed as of the most recent closing prices. The IPC gained 1.01% and the Bovespa rose 0.43%. The S&P 500 lost 0.52%.

·         European markets finished mixed as of the most recent closing prices. The FTSE 100 gained 0.85%, while the CAC 40 led the DAX lower. They fell 0.50% and 0.48% 

·         U.S. stocks are expected to keep rising in 2018 because a massive drop in the corporate tax rate is seen boosting the economy and corporate profits.