Tuesday, 31 July 2018

The Indian Rupee Opened Marginally Lower At 68.70 Per Dollar On Tuesday

The Indian rupee opened marginally lower at 68.70 per dollar on Tuesday against previous close 68.67.

The dollar-rupee August contract on the NSE was at 68.88 in the previous session. August contract open interest increased 3.91% in the previous day, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Have Further Extended Their Fall From Its Opening Levels

Benchmark indices have further extended their fall from its opening levels, with the Sensex declining over 100 points, while the Nifty is also down over one-third of a percent. Midcaps, on the contrary, are outperforming the benchmarks and trading over 0.2 percent higher.

Among stocks, HDFC twins are dragging the indices lower, while Tech Mahindra is the top gainer on Nifty after its Q1 results.

The Sensex is down 134.17 points or 0.36% at 37360.23, and while the Nifty is down 38.10 points or 0.34% at 11281.40. The market breadth is narrow as 1038 shares advanced, 936 shares declined, while 112 shares are unchanged.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 30 July 2018

The Indian Rupee Opened Lower By 5 Paise At 68.70 Per Dollar On Monday

The Indian rupee opened lower by 5 paise at 68.70 per dollar on Monday versus Friday's closing 68.65.

On Friday, rupee rose for the third consecutive session against the US dollar ahead of important major central bank policy meetings scheduled this week. 

RBI’s monetary policy statement will be released this week and expectation is that the central bank would hold rates unchanged but any hawkish comments could extend gains for the rupee, said Motilal Oswal.

On Friday, data released by RBI showed India’s FX reserves rose marginally by USD 67.7million to USD 405.14billion for the week ended July,20.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Have Clocked Fresh Record Highs On Monday Morning

Equity benchmarks have clocked fresh record highs on Monday morning, with the Nifty hitting 11,300 for the first time, while the Sensex is also well above 37,400-mark.

The Sensex is up 92.84 points or 0.25% at 37429.69, and the Nifty up 21.10 points or 0.19% at 11299.50. The market breadth is positive as 434 shares advanced, against a decline of 123 shares declined, while 55 shares were unchanged.

Banks are the big gainers of this morning, with PSU banks seeing a big surge, led by Bank of Baroda. ICICI Bank is trading strong post its June quarter results as well. The midcap index is up around quarter of a percent. Meanwhile, the Bank Nifty has also hit a fresh record high.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 27 July 2018

Shares Of Hindalco Industries Added 7 Percent In The Opening Trade On Friday

Shares of Hindalco Industries added 7 percent in the opening trade on Friday as company's subsidiary is going to acquire a US company for USD 2.6 billion.

The company's wholly owned subsidiary, Novelis Inc, sign a definitive agreement to purchase Aleris Corporation, a global aluminium rolled products major, headquartered in the United States, for USD 2.58 billion in a debt finance deal.

The said acquisition is subject to customary closing conditions and regulatory approvals.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Market At Fresh High In The Morning Trade, With The Sensex And Nifty Opening

The market at fresh high in the morning trade, with the Sensex and Nifty opening at a fresh record high and crossing 11,200 for the first time.

The Sensex up 333.10 points at 37317.74, and the Nifty up 82.20 points at 11249.50. ITC, SBI, Bharti Airtel, Axis Bank and ICICI Bank are the top gainers on the Sensex.

Hindalco Industries added 7 percent as company's subsidiary Novelis Inc, sign a definitive agreement to purchase Aleris Corporation, a global aluminium rolled products major, headquartered in the United States, for USD 2.58 billion in a debt finance deal.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 26 July 2018

In Case Of Global Markets, Asian Stocks Edged Higher On Thursday

In case of global markets, Asian stocks edged higher on Thursday, taking comfort from gains on Wall Street after US President Donald Trump and European Commission President Jean-Claude Juncker agreed to work toward eliminating trade barriers on industrial goods, Reuters reported.

In a news conference following a meeting between the two leaders on Wednesday, Trump said he and Juncker had agreed to work to lower industrial tariffs on both sides and to increase European imports of liquefied natural gas and soybeans from the United States, among other measures.

The meeting helped to extend a rally in global stocks into its fourth day, as investors took heart from a rare piece of good news amid global concerns over trade.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Have Made A Flat Start On Thursday Morning

Benchmark indices have made a flat start on Thursday morning, with the Sensex hitting a fresh record high, but the Nifty is still a few points away from the fresh record high.

The Sensex is up 43.42 points or 0.12% at 36901.65, while the Nifty is up 9.50 points or 0.09% at 11141.50. The market breadth is positive as 313 shares advanced, against a decline of 131 shares, while 37 shares are unchanged.

Among sectoral indices, PSU banks, FMCG, infra and auto names are trading strong, while weakness is visible in the pharmaceuticals space. The Nifty Midcap index is up over 0.10 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 25 July 2018

The Indian Rupee Opened Flat At 68.96 Per Dollar On Wednesday

The Indian rupee opened flat at 68.96 per dollar on Wednesday versus previous close 68.94.

The dollar-rupee July contract on the NSE was at 68.93 in the previous session. July contract open interest declined 2.98 percent in the previous day, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Sensex Off Record Highs, Nifty Holds 11,100; Symphony Tanks 19%

The Sensex is up 35.89 points or 0.10% at 36860.99, while the Nifty is up 1.50 points or 0.01% at 11135.80. The market breadth is positive as 1157 shares advanced, against a decline of 588 shares, while 104 shares were unchanged.

The Nifty Midcap index is up around 0.40 percent as well. Among stocks, shares of Symphony have tanked 19 percent after the company’s net profit for Q1 fell 49 percent. Asian Paints, too, has fallen over 2 percent after its June quarter performance. 

Adani Ports, Vedanta, Bajaj Finserv and Indiabulls Housing are the top gainers, while Asian Paints and Airtel have lost the most. Shares of Symphony touched 52-week low of Rs 1,132.20, down 19 percent in the opening trade on Wednesday on the back of poor June quarter numbers.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 24 July 2018

The Indian Rupee Opened Lower By 10 Paise At 68.96 Per Dollar On Tuesday

The Indian rupee opened lower by 10 paise at 68.96 per dollar on Tuesday versus 68.86 yesterday.

Rupee gained in yesterday’s session primarily on back of weakness in the dollar against its major crosses after comments from US President wherein he raised concerns over a stronger dollar and the Federal Reserve’s interest rate increases, said Motilal Oswal.

On the domestic front, no major economic data is expected to be released but movement in the dollar against its major crosses will continue to influence the rupee.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Have Looked To Continue Their Momentum From Monday

Equity benchmarks have looked to continue their momentum from Monday, with the Sensex opening at a record high, while the Nifty has opened above 11,100.

At 09:15 hrs IST, the Sensex is up 89.00 points or 0.24% at 36807.60, while the Nifty is up 26.10 points or 0.24% at 11110.90. The market breadth is positive as 305 shares have advanced, 116 shares have declined, and 39 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains seen among IT and infrastructure names. Midcaps, meanwhile, have opened higher, with the index rising around 0.20 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 23 July 2018

The Indian Rupee Gained In The Early Trade On Monday

The Indian rupee gained in the early trade on Monday. It has opened higher by 14 paise at 68.70 per dollar versus previous close 68.84.

The dollar-rupee July contract on the NSE was at 68.92 in the previous session. July contract open interest declined 1.39 percent in the previous day, said ICICIdirect.

We expect the USD-INR to meet supply pressure at higher levels. Utilise upsides in the pair to initiate short positions, it added.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Market Has Begun The Day On A Positive Note

The market has begun the day on a positive note, with the Nifty trading well above 11,000-mark.

The Sensex is up 70.13 points or 0.19% at 36566.50, while the Nifty is up 28.30 points or 0.26% at 11038.50. The market breadth is narrow as 319 shares advanced, against a decline of 144 shares, while 61 shares are unchanged.

All sectoral indices are trading in the green, with maximum buying seen among FMCG, financials as well as metal stocks. In the broader markets, the midcap index is up around one-tenth of a percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 20 July 2018

Shares Of Reliance Industries Have Hit A Fresh Record High On The BSE On Friday Morning

Shares of Reliance Industries have hit a fresh record high on the BSE on Friday morning. The stock has witnessed a bullish momentum, gaining around 23 percent on the index so far in 2018.

It’s a flat start to the market on this Friday morning, with the Nifty holding 10,950. The Street could be taking cues from tepid global cues.

The Sensex is up 5.58 points or 0.02% at 36356.81, while the Nifty is down 1.90 points or 0.02% at 10955.20. The market breadth is negative as 243 shares advanced, against a decline of 355 shares, while 61 shares are unchanged.

Sectoral indices are trading mixed, with cuts seen in PSU banks, while the midcap index is trading in the red. The Indian rupee has hit a fresh record low of 69.12 to the dollar.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Benchmark Indices Have Continued To Trade Strong On Friday Morning

Benchmark indices have continued to trade strong on Friday morning, with the Sensex trading around 150 points higher, while the Nifty has reclaimed 11,000. 

The IT index has further extended its gains, while pharmaceutical stocks too are trading in the green. Midcaps, too have strengthened, up almost half a percent on the index. 

Infosys, L&T, Bajaj Finance and Bajaj Finserv are the top gainers, while, Vedanta, ONGC, and BPCL have lost the most.

A recovery in midcaps along with a surge in IT space has boosted the market on Friday morning. It had begun on a flat note.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 19 July 2018

The Indian Rupee Slipped In The Early Trade On Thursday

The Indian rupee slipped in the early trade on Thursday. It has opened lower by 8 paise at 68.70 per dollar versus 68.62 yesterday.

Rupee fell against the US dollar in yesterday’s session following uptick in global crude oil prices and after the greenback strengthened against its major crosses, said Motilal Oswal.

Following the Fed Chairman testimony the US dollar rose to the highest level in a year. In his testimony, the Fed Chair said he believed the US economy was on course for years more of steady growth, and played down the risks to the US economy of the escalating trade conflict.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Have Begun The Day On A Positive Note

Equity benchmarks have begun the day on a positive note, with the Sensex gaining over 100 points, while the Nifty has reclaimed 11,000 in the opening tick.

The Sensex is up 106.61 points or 0.29% at 36480.05, while the Nifty is up 24.40 points or 0.22% at 11004.90. The market breadth is positive as 261 shares advanced, against a decline of 105 shares, while 40 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains seen among metals, and automobiles. Midcaps, meanwhile, are trading absolutely flat.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 18 July 2018

The Indian Rupee Opened Marginally Higher At 68.42 Per Dollar On Wednesday

The Indian rupee opened marginally higher at 68.42 per dollar on Wednesday versus 68.45 yesterday.
Yesterday, rupee broadly consolidated in a range but traded with a slight positive bias despite strength in the dollar against its major crosses. 

Crude oil came under pressure API after reported a surprise crude oil build of 629,000 barrels of United States crude oil inventories for the week ending July 14 compared to expectations that this week would see a draw in crude oil inventories of 3.62mbpd, said Motilal Oswal.

Crude has been one of the major factor that is supporting the rupee and sustained fall in the same could continue to keep losses capped for the rupee.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

It’s A Strong Start To The Market On Wednesday Morning

It’s a strong start to the market on Wednesday morning, with the Sensex hitting a fresh record high, rising 200 points, while the Nifty opened above 11,050-mark.

The Sensex is up 198.95 points or 0.54% at 36718.91, while the Nifty is up 62.50 points or 0.57% at 11070.50. The market breadth is positive as 354 shares have advanced, while 79 shares have declined, and 46 shares are unchanged.

Among sectoral indices, all of them are trading in the green, with strength seen among PSU banks pharmaceuticals, energy and auto names. In the broader market, midcaps are trading higher as well, up over half a percent on the index.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 17 July 2018

The Indian Rupee Gained In The Opening Trade On Tuesday

The Indian rupee gained in the opening trade on Tuesday. It has opened higher by 18 paise at 68.39 per dollar versus 68.57 yesterday.

Rupee continued to consolidate in a broad range of 68.50 and 69.00 since the last fourteen sessions despite volatility in global crude and strength in the dollar against its major crosses, said Motilal Oswal.

In the last few sessions crude oil has been under pressure as Libyan ports reopened and traders eyed potential supply increases by Russia and other producers. There are also reports that US could tap its Strategic Petroleum Reserve, which would add supply to the market. Sharp sell-off in crude oil prices is expected to support the rupee in the intraday session.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Shares Of Ashok Leyland Were Trading Over 2 Percent Higher In The Morning Trade On Tuesday

Shares of Ashok Leyland were trading over 2 percent higher in the morning trade on Tuesday ahead of its June quarter earnings announcement.

The stock touched an intraday high of Rs 128.45 and an intraday low of Rs 125.00.

Gaining from a continued surge in demand across categories, and last year's lower base, domestic commercial vehicle manufacturer Ashok Leyland will likely post a threefold rise in its bottom line for the June quarter.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 16 July 2018

The Indian Rupee Opened Marginally Lower At 68.55 Per Dollar On Monday

The Indian rupee opened marginally lower at 68.55 per dollar on Monday versus previous close 68.52.

Rupee fell on Friday, ahead of the trade balance number that was released post market hours. India’s trade deficit for June widened to the highest level driven largely by a surge in oil prices, said Motilal Oswal.

Merchandise exports rose 17.57 percent Y-o-Y in June, the trade deficit widened to USD 16.6 billion from USD 14.62 billion in May. Oil imports during April- June 2018-19 were valued at USD 34.64 billion which was 49.44 percent higher as compared to the same period last year.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Equity Benchmarks Have Begun The Day On A Flat Note

Equity benchmarks have begun the day on a flat note, with the Nifty holding 11,000 in the opening trade.

The Sensex is down 27.62 points or 0.08% at 36514.01, while the Nifty is down 17.20 points or 0.16% at 11001.70. The market breadth is narrow as 268 shares advanced, against a decline of 170 shares, while 62 shares were unchanged.

Majority of sectoral indices are trading in the red, with maximum cuts seen in pharmaceutical names. The Nifty Midcap index is also trading over half a percent lower.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 11 July 2018

Market Opens Equity Benchmarks Have Begun The Day On A Flat Note

Market Opens Equity benchmarks have begun the day on a flat note, with the Nifty trading just below 10,950-mark. The Sensex has held on to 36,200-mark on Wednesday morning.

The Sensex is higher by 23.84 points or 0.07% at 36263.46, while the Nifty is down 4.00 points or 0.04% at 10943.30. The market breadth is narrow as 235 shares have advanced, against a decline of 222 shares, while 52 shares are unchanged.

Among sectoral indices information technology stocks are standing out, gaining over 1 percent on the Nifty. This is led by gains in Tata Consultancy Services, and the rally has spilled over to other IT stocks as well.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Shares Of Axis Bank Gained Around A Percent In The Morning Trade On Wednesday

Shares of Axis Bank gained around a percent in the morning trade on Wednesday as investors cheered the news of possible successors to existing MD Shikha Sharma.

The stock touched an intraday high of Rs 537.50 and an intraday low of Rs 531.00. The board of the private sector lender has recommended names of three candidates for the position of MD & CEO, the bank said in a release to the exchanges.

The names have been recommended in order of preference for approval by the Reserve Bank of India, the release said.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 10 July 2018

Equity Benchmarks Have Begun The Day On A Strong Note

Equity benchmarks have begun the day on a strong note, with the Sensex conquering 36,000-mark in the opening tick, while the Nifty is just short of 10,900.

At 09:16 hrs IST, the Sensex is up 112.11 points at 36046.83, while the Nifty is up 30.80 points at 10883.70. The market breadth is positive as 480 shares advanced, against a decline of 148 shares, while 46 shares are unchanged.

All sectoral indices are trading in the green, with maximum gains visible among PSU banks. IT, pharmaceuticals and energy indices on the Nifty have followed suit. The Nifty Midcap index is also up around half a percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Asian Shares Sought To Rally For A Third Session On Tuesday

Asian shares sought to rally for a third session on Tuesday as hopes for upbeat corporate earnings buoyed Wall Street, while several high-profile resignations from Britain's government kept sterling on the defensive.

MSCI's broadest index of Asia-Pacific shares outside Japan put on 0.2 percent in early trade, adding to a 1.3 percent rise on Monday.

Japan's Nikkei climbed 0.8 percent and South Korea 0.6 percent, while E-mini futures for the S&P 500 firmed 0.1 percent.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 9 July 2018

The Indian Rupee Gained In The Opening Trade On Monday

The Indian rupee gained in the opening trade on Monday. It has open higher by 30 paise at 68.57 per dollar versus 68.87 Friday.

The dollar-rupee July contract on the NSE was at 69.05 in the previous session. July contract open interest declined 2.44% in the previous day, said ICICIdirect.

We expect the USD-INR to meet resistance at higher levels. Utilise upsides in the pair to initiate short positions, it added.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Godrej Group Has Moved Bombay High Court Against The Acquisition Of Its Prime Property

Godrej Group has moved Bombay High Court against the acquisition of its prime property worth $5 billion in the Vikhroli area of Mumbai for the government's ambitious bullet train project connecting Mumbai and Ahmedabad, Business Standard reported.

The conglomerate is reportedly seeking a change in the project's alignment so that it can get nearly 3.5 hectares or 8.6 acres of land belonging to its infrastructure arm Godrej Construction out of the project's road map.

In case Godrej does not agree to the acquisition, the authorities will have to either change the track alignment or forcibly acquire the land under the provisions of the Maharashtra Land Acquisition Act, 2013.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Friday, 6 July 2018

The Indian Rupee Opened Higher By 7 Paise At 68.88 Per Dollar On Friday

The Indian rupee opened higher by 7 paise at 68.88 per dollar on Friday versus previous close 68.95.

Rupee closed at record lows in yesterday’s trading session as traders turn cautious of China and US tariff implementation and is expected to open flat against the dollar amid weakness before US tariffs on China take effect and decline in crude oil prices, said Motilal Oswal.

The Trump administration has imposed tariffs on a range of imported goods, including steel and aluminum, to protect domestic industries from what it says is unfair competition from foreign manufacturers.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Benchmark Indices Are Marginally Lower In The Opening Trade Amid

The benchmark indices are marginally lower in the opening trade amid weak Asian markets.

The Sensex is up 24.01 points or 0.07% at 35598.56, and the Nifty up 1.70 points or 0.02% at 10751.50. About 371 shares have advanced, 517 shares declined, and 55 shares are unchanged.

Vedanta, Titan, Hindalco, Tata Steel, UntraTech Cement, ONGC, IndusInd Bank, Maruti Suzuki and HDFC are the major loser in the market.

Infosys, HCL Tech, IOC, TCS, RIL, are the gainers in the market Sobha gained 3 percent after reporting better sales numbers.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Thursday, 5 July 2018

Benchmark Indices Are Trading Flat In Opening Trade Amid Weak Asian Markets

Benchmark indices are trading flat in opening trade amid weak Asian markets.

The Sensex down 4.94 points at 35640.46, and the Nifty down 1.10 points at 10768.80.

Bajaj Finserv, M&M, Yes Bank, BPCL, Hero Motocorp, UltraTech Cement, HPCL, Dr Reddy's Labs, Tech Mahindra and Lupin are early gainers.

Tata Steel, Titan Company, Idea Cellular, Bharti Airtel, Tata Motors and Bajaj Auto are under pressure.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Rupee Declined 9 Paise To 68.83 Against The US Dollar

The rupee declined 9 paise to 68.83 against the US dollar, pressured by a lower opening in the domestic stock market.

Increased demand for the American currency from importers and banks amid persistent foreign fund outflows also weighed on the rupee.

Foreign portfolio investors sold shares worth Rs 284.58 crore yesterday, as per provisional data.

Forex dealers said the rise of euro and yen against the greenback capped the rupee's fall.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Wednesday, 4 July 2018

The Indian Rupee Opened Higher By 6 Paise At 68.52 Per Dollar On Wednesday

The Indian rupee opened higher by 6 paise at 68.52 per dollar on Wednesday versus previous close 68.58.

The USD-INR pair seems to be losing steam for further up move as the dollar lost some of its gains against its major crosses. 

Volatility in global crude oil prices continue to remain high as supply constraints from Libya and Canada kept prices supported on lower levels, said Motilal Oswal.

Yesterday, crude rose to the highest level since November,2014 after API inventory showed drawdown of 4.5mbpd.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Market Is Mildly Lower Amid Consolidation In Morning As Traders Remained

The market is mildly lower amid consolidation in morning as traders remained cautious ahead of Q1 earnings which will begin next week.

The Nifty is hovering around 10,700 levels while the Nifty Midcap index fell nearly half a percent.

ITC, TCS, Infosys and L&T are among top contributors to the Nifty's fall while the buying in HDFC and Reliance Industries capped those losses.

The Sensex fell 50.67 points to 35,327.93 and the Nifty slipped 18 points to 10,681.90.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Tuesday, 3 July 2018

Benchmark Indices Started Off Trade On A Flat Note Depsite Weakness

Benchmark indices started off trade on a flat note depsite weakness in the Asian peers due to ongoing trade tensions between US and China.

The Sensex fell 33.24 points to 35,231.17 and the Nifty slipped 11.40 points to 10,645.90. Hero MotoCorp, TCS, Dr Reddy's Labs, Bajaj Auto and Coal India are early gainers.

Vedanta, Grasim, Bharti Infratel, ICICI Bank, HDFC, Titan Company, Maruti Suzuki, Cipla, Yes Bank, PNB and Bank of Baroda are under pressure. The Nifty Midcap index fell 54 points.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Indian Rupee Traded Lower By 12 Paise At 68.91 Per Dollar

The Indian rupee traded lower by 12 paise at 68.91 per dollar on fresh demand for the American currency. Yesterday rupee closed near five-year low at 68.80 per dollar. It ended lower by 33 paise against Friday's close 68.47 .

Yesterday rupee gained in the first half of the session but came under pressure in the latter half of the session following strength in the dollar against its major crosses and higher global crude oil prices. 

Yesterday, crude rallied after Libya declared force majeure on some of its supplies, although an overall rise in OPEC output and an emerging slowdown in demand held back markets, said Motilal Oswal.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

Monday, 2 July 2018

Shares Of Tata Steel Rose More Than 3 Percent As Company Signed Joint Venture

Shares of Tata Steel rose more than 3 percent as company signed joint venture agreements to create new steel champion in Europe.

Tata Steel has approved the terms to create a 50:50 joint venture which will combine the European steel businesses of the company and thyssenkrupp AG and has adopted resolutions for the signing of the definitive agreement, company said in release.

The formal execution of the definitive agreements is expected shortly. JV company will be positioned as a leading pan European high quality flat steel producer with a strong focus on performance, quality and technology leadership to support customers’ sustainability ambitions.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory

The Market Is Under Pressure With The Sensex Falling Around 150 Points

The market is under pressure with the Sensex falling around 150 points following correction in major Asian stocks amid US-China trade tensions.

The Nifty is also trading way below 10,700 levels, weighed down by Reliance Industries, L&T, ITC and HDFC twins. The Nifty Midcap index outperformed frontliners, trading flat.

Bajaj Auto and Tata Motors are up around 2 percent each after strong auto sales data for June while Tata Steel gained 2 percent after a definitive agreement with ThyssenKrupp to spin off its European steel assets into a 50:50 joint venture.

For more information Call us ✆ +91 9111-179961 or Visit Dollar Advisory