Sensex

Rupee sinks 90 paise to record closing low of 58.77

Mumbai: Resuming its downfall, the rupee on Tuesday sank by a whopping 90 paise to all-time closing low of 58.77 on massive dollar buying by banks and importers as forex markets became jittery ahead of Fed's decision on continuing monetary stimulus.

Capital outflows also affected the market sentiment with FIIs offloading shares worth over Rs 750 crore in two days, amid talks of continuing sell-off in debt as well. Since May-end, FIIs have sold around USD 5 billion debt securities.

"Forex markets were nervous ahead of the Fed meeting. More than demand and supply, the sentiment was very poor. The decision of whether Fed will taper bond-buying will only be known on Wednesday...Its not right time for RBI to intervene as the trend is bearish," said Mohan Shenoi, President - Group Treasury & Global Markets, Kotak Mahindra Bank.

Rupee resumed lower at 58.25 per dollar as against the last closing level of 57.87 per dollar at the Interbank Foreign Exchange Market. It dropped further to a low of 58.81 on concern that US Federal Reserve will indicate a reduction in asset purchases that boosted inflows to emerging markets....more    

Sensex falls 103 points on profit-booking ahead of US Fed meet

Mumbai: Retreating from one-week highs, the S&P BSE Sensex on Tuesday closed nearly 103 points down at 19,223.28 on selling in bluechips like HDFC Bank, ICICI Bank and ITC, amid weakness in global markets ahead of US Federal Reserve's decision over continuing monetary stimulus. After opening nearly flat at 19329.17, the 30-share benchmark index witnessed volatility and touched an intra-day low of 19191.37. Snapping a two-day winning run where it...  

Sensex rises 148 points; Mahindra and Mahindra leads gain

Mumbai: The BSE benchmark Sensex on Monday rose 148 points on buying by funds mainly in auto, capital goods, tech and consumer durables stocks even as the RBI kept interest rates unchanged. The Sensex gained by 147.94 points, or 0.77 per cent, to 19,325.87. The index had gained 351 points in the previous session. Similarly, the National Stock Exchange index Nifty rose by 41.65 points, or 0.72 per cent, to...  

Rupee up 35 paise against dollar in early trade

Mumbai: The rupee on Friday strengthened by 35 paise to 57.63 against the dollar in early trade on the Interbank Foreign Exchange market on the back of banks and exporters selling the US currency amid strong local equities. Besides, dollar's weakness against some Asian currencies also supported the local unit, forex dealers said. The rupee had weakened by 19 paise to close at 57.98 per dollar on Thursday. Meanwhile, the...  

Sensex ends over 350 ahead of RBI credit policy review

Mumbai: 3:40 pm: Midcap gainers: Jet Airways and United Bank are lead midcap gainers on Friday. 3:30 pm: Market closing data: The Sensex ends up 352.62 points at 19179.78, and the Nifty is up 109.30 points at 5808.40 (provisional). 3:20 pm: First quarter advance tax numbers start trickling in. According to CNBC-TV18's sources ICICI Bank is likely to pay Rs 600 crore versus Rs 500 crore year-on-year, while HDFC Bank...  

Rupee opens at 58.10, depreciates 31 paise against dollar

Mumbai: Indian rupee opened at 58.10 per dollar on Thursday, down by 31 paise compared to previous day's closing of 57.79 per dollar. Claudio Piron of Bank of America Merrill Lynch feels the rupee could stabilise at a higher range. "While there is no doubt about issues facing the rupee, a move above 60/USD would be overdone." He says the RBI forex policy comfort zone would be to try and...  

Sensex slips below 19,000 level; down 214 points

Mumbai: Tracking weak global trends, the BSE benchmark Sensex on Thursday fell by 213.97 to close below the 19,000 mark after nearly two months on sustained selling by foreign funds, mainly in the auto sector, even as Finance Minister P Chidambaram said more reforms are on the anvil. Extending losses for the third straight session, the 30-share index commenced the day on a weak note at 18,815.57 and plunged further...  

Sensex down 102; weak IIP, inflation data offset rupee gain

Mumbai: Benchmark indices extended their losing streak on Wednesday as the latest macro-economic indicators showed that a decent recovery was still some way off. The dour April industrial output and May inflation readings offset cheer from the partial rebound in the rupee. The Sensex ended the day at 19041, down 102 points over its previous close, after touching a low of 18969. The Nifty finished at 5760, down 29 points...  

Sensex at nearly 2-month low; slumps 298 points on weak rupee

Mumbai: The BSE benchmark Sensex on Tuesday fell by a staggering 298.07 points to close at its lowest level in nearly two months, mainly led by drop in interest rate sensitive stocks as rupee slumped to new lows dashing hopes of a rate cut by RBI next week. Also, Jindal Steel logged the day's biggest loss as Naveen Jindal and the company were named as accused in the fresh FIR...  

Rupee hits record low of 58.35; further losses likely

Mumbai: The rupee opened at a record low on Tuesday tracking weakness in most other Asian currencies while an expected fall in the domestic share market is also likely to weigh. At 9:02 am (0332 GMT), the partially convertible rupee was at 58.35/38 per dollar, a life low and weaker than its previous close of 58.15/16. Traders will watch out for any RBI intervention to prevent the rupee from weakening...  

Sensex nearly flat as free-falling rupee dashes rate cut hopes

Mumbai: Surrendering most of its early gains, the BSE benchmark Sensex on Monday closed just 12 points higher as rupee hitting record lows dashed hopes of a rate cut by RBI, while IT stocks rose on expectations of better dollar revenues. In a volatile trade, the 30-share index, commenced the day strong and touched an intra-day high of at 19,583.58 from its previous close, but settled only 11.84 points higher...  

Rupee weakens past 57 against dollar, closes in on record low

Mumbai: The rupee weakened below 57 to the dollar on Friday to approach a record low hit about a year ago, reflecting caution ahead of the US monthly jobs data and falls in most emerging market currencies. The rupee was trading at 57.06 to the dollar at 1:39 pm, marking its lowest level since late June 2012, when the currency hit a record low of 57.32. The rupee closed at...  

Rupee up 15 paise against dollar at 56.69

Mumbai: The rupee on Friday recovered by 15 paise to 56.69 in early trade today at at the Interbank Foreign Exchange on dollar selling by exporters and some banks. Besides, a weakening dollar against euro and yen in the global market ahead of the release of US employment data for May and the European Central Bank and the Bank of England both keeping monetary policy unchanged, also supported the rupee....  

Sensex ends in red as rupee weakness weighs

Mumbai: Benchmark indices ended the week on a bearish note, as concerns over the weakness in rupee weighed on sentiment. Indices were volatile throughout Friday, peaking around noon and then retreating in towards the end of the session to close at 19429.23, down 90.26 points over the previous close, and 282.32 points down from the intra-day high of 19711.55. The Nifty closed at 5881, down 40.40 points over the previous...  

Sensex down 49 points as RIL falls

Mumbai: The BSE benchmark Sensex on Thursday closed nearly 49 points down at a new one-month low after RIL failed to cheer market with its AGM announcements and other bluechips Bharti Airtel and Infosys saw profit-booking, amid rupee touching 57-level against the US dollar. After a weak start, the 30-share index closed 48.73 points lower, or 0.25 per cent, at 19,519.49, its lowest level since April 30. It had gained...  

Sensex snaps three-day fall, up 22 points

Mumbai: Breaking a three-day losing run, the BSE benchmark Sensex on Wednesday closed 22 points up at 19,568.22 on buying in Reliance Industries, ONGC and HDFC Bank shares at low levels even as global markets fell on fears that an early withdrawal of US monetary stimulus will impact inflows. Smart surge in Sensex heavyweight Reliance Industries (RIL) ahead of annual general meeting (AGM) scheduled on mainly aided Sensex's upmove. The...  

Sensex ends in red; Tata Motors, SBI major losers

Mumbai: 3:40 pm Index gainer: BSE Healthcare index (up 1.8 percent) is the major gainer. 3:30 pm Market update: The market closes in red territory. The Sensex ends the day at 19552.49 down 57.99 points while the Nifty slips 16.85 points to close at 5922.45 (provisional). Tata Motors (down 2.34 per cent) and SBI (down 2.11 per cent) are the top losers in the Sensex. Dr Reddy's Labs, Cipla ,...  

FTN: Narayana Murthy returns to Infosys: Are individual brands essential to companies?

Infosys' scrip on Monday soared by 9 per cent in morning trade as the IT major recalled its founder NR Narayana Murthy and returned control of the company. ...

Infosys shares surge 9 pc as Murthy returns as chairman

Mumbai: Infosys' scrip on Monday soared by 9 per cent in morning trade as the IT major recalled its founder NR Narayana Murthy and returned control of the company. After making a strong opening, shares of Infosys further jumped 9 per cent to Rs 2,624.90 on the BSE. At the NSE, the stock shot-up by 8.84 per cent to Rs 2,625. The bellwether scrip was the top gainer on both...  

Rupee gains 10 paise vs dollar in early trade

Mumbai: The rupee on Monday strengthened by 10 paise against the US dollar to 56.40 in early trade at the Interbank Foreign Exchange market, on the back of selling of US currency by exporters. Dealers said besides increased dollar selling by exporters, a higher opening in domestic equity market and euro's gain against the American currency helped the rupee to recover. The rupee had lost 12 paise to close at...