Wednesday, 31 October 2018

Rupee Drops Below 74 A Dollar Amid Growing RBI-Government Rift

The Indian rupee slid on speculation that the rift between the government and the Reserve Bank of India is widening. The currency fell as much as 0.5 percent to 74.0575 per dollar on Wednesday, after the Economic Times reported that the government invoked a rarely-used power to direct the central bank on matters of public interest. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 30 October 2018

Sensex Off Low Points, Nifty Around 10,250

The Sensex is up 87.41 points or 0.26% at 34154.81, and the Nifty up 25.80 points or 0.25% at 10276.70. The market breadth is positive as 1,357 shares advanced, against a decline of 575 shares, while 1,699 shares were unchanged.
Tata Motors, Infosys, and Tech Mahindra are the top gainers, while RIL, Coal India, BPCL and HPCL have lost the most. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 29 October 2018

Sensex Rises 200 Points, Nifty Above 10,050

The BSE Sensex and NSE’s Nifty 50 rose on Monday led by gains in healthcare and banking stocks. ICICI Bank shares rose over 8% after the company’s September-quarter results. Asian shares bounced from last week’s steep declines on Monday, though sentiment remained fragile amid heightened worries about corporate earnings and a slowdown in global economic growth. 
For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 26 October 2018

Rupee Opens At 73.42, Slips 15 Paise Against US Dollar

The Indian rupee slipped 15 paise in opening trade against the US dollar on strong demand for the American currency on Friday. It opened at 73.42 per dollar against previous day's closing of 73.27. The rupee weakened mildly in previous session amidst selling in domestic equities as well as cautiousness ahead of ECB monetary policy meeting. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 25 October 2018

Rupee Opens 19 Paise Weak At 73.34 Against US Dollar

Rupee opened weak in the early trade Thursday, losing 19 paise at 73.34 per US dollar versus 73.15 yesterday as a global equity rout is set to hurt domestic equities. On Wednesday, plunge in global crude oil prices supported the rupee as it ended 41 paise higher against Tuesday’s close of 73.56. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 24 October 2018

Asian Stocks Edge Up On China Stimulus Hopes, Oil Near Two-Month Lows

Asian stocks turned up on Wednesday as fresh signs of stimulus from China propped up sentiment despite Wall Street’s overnight losses, while crude oil approached two-month lows after Saudi Arabia flagged possible supply increases.
Wall Street’s three major indexes slumped early on Tuesday but ended well off the day’s lows as investors snapped up beaten-down shares late in the session. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 23 October 2018

Rupee Trades Lower Against US Dollar

Indian rupee on Tuesday traded lower against US dollar tracking losses in its local equity and Asian currencies market. The home currency was trading at 73.73 a dollar, down 0.23% from its Monday’s close of 73.56. The currency opened at 73.70 a dollar. The 10-year gilt yield stood at 7.935% from its previous close of 7.93%. Bond yields and prices move in opposite directions. Benchmark Sensex fell 0.12% or 40.84 points to 34,093.54 points. Year to date, it has risen 0.23%. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 22 October 2018

Nifty Around 10,350; Midcap Stocks Take A Hit

Equity benchmarks are trading higher, with the Sensex rising over 100 points. The Nifty is trading around 10,350. Selling is visible among energy and IT names, along with broader markets. The Nifty Midcap is down one-third of a percent. 
The Sensex is up 126.56 points or 0.37% at 34442.19, while the Nifty is higher by 32.80 points or 0.32% at 10336.30. The market breadth is negative as 940 shares advanced, against a decline of 1,331 shares, while 1,291 shares were unchanged. ICICI Bank, NTPC, and Indiabulls Housing are the top gainers, while Yes Bank, IndusInd Bank, and BPCL have lost the most. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Asian Shares Slip Amid Anxiety On Earnings

Asian share markets fell anew on Monday as investors braced for the peak of the US earnings season while angst over Saudi Arabia, Italy and Brexit kept geopolitics front and center. 
MSCI’s broadest index of Asia-Pacific shares outside Japan eased 0.25 percent. Japan’s Nikkei slipped 1.0 percent and South Korea stocks lost 0.7 percent. The euro started the week steady at $1.1511 having bounced from support at $1.1431 on Friday. The dollar was a shade softer on the yen at 112.41 yen and little changed against a basket of currencies at 95.683. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 19 October 2018

Rupee Trades Higher At 73.48 Per Dollar

The Indian rupee is trading higher by 12 paise at 73.48 per dollar on Friday after a flat opening versus Wednesday's close of 73.60. Rupee rose against the US dollar for the second successive session and one of the major trigger that led to the appreciation has been fall in global crude oil prices and weakness in the dollar against its major crosses. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 17 October 2018

Rupee Trades Flat Against Dollar

The rupee opened marginally higher against the US dollar amid continued recovery in global equities. The rupee was trading at 73.47 a dollar, down 0.1% from its Monday’s close of 73.47. The currency opened at 73.34 a dollar. The 10-year gilt yield stood at 7.885% from its previous close of 7.873%. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 16 October 2018

Indian Rupee Opens Marginally Higher At 73.80 Per Dollar

The Indian rupee opened marginally higher at 73.80 per dollar on Tuesday versus previous close 73.83. Yesterday, rupee consolidated in the first half of the sessions but rose in the latter half after data showed India’s trade deficit for September narrowed to USD 13.98 billion compared to USD 17.39 billion in the previous month. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 15 October 2018

Indian Rupee Opens Weak By 24 Paise At 73.80 Per Dollar

The Indian rupee slipped in the early trade on Monday. It has opened lower by 24 paise at 73.80 per dollar on Monday versus Friday's close 73.56. On the domestic front, data released by CSO showed India’s inflation in September rose to 3.77% compared from 3.69% in the previous month. USD-INR pair is expected to quote in the range of 73.50 and 74.05. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 12 October 2018

Sensex Up 700 Points, TCS Shares Down 3%

Benchmark indices BSE Sensex and NSE’s Nifty 50 gained over 1% on Friday as the global stock slump showed signs of easing. Asian stocks traded mixed with Japan marginally lower, China little changed and Hang Seng and Kospi indices trading higher. Oil prices steadied on Friday after a market rout driven by sharp falls in equity markets. The rupee rose against the dollar, tracking gains in local markets and Asian currencies, and ahead key inflation data due later in the day. BSE Sensex surged 701.77 points, or 2.06%, to 34,702.92, while the Nifty 50 plunged 213.70 points, or 2.09%, to 10,448.35. The BSE MidCap and SmallCap indices were up 2.37% and 2.38%, respectively. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 11 October 2018

Rupee Hits Record Low, Nears 74.50 Against US Dollar

The Indian rupee on Thursday weakened to a fresh low against US dollar after government cut excise duty second time in a week and tracking sell-off in global markets. At 9.15 am, the home currency was trading at 74.41 a dollar, down 0.26% from its Wednesday’s close of 74.22. The currency opened at 74.31 and touched a fresh low of 74.46 a dollar. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 10 October 2018

Rupee Recovers From Record Low; Opens 23 Paise Higher Against USD At 74.16

The domestic currency rupee opened higher on Wednesday, zooming 23 paise to 74.16 against the US dollar after the US Dollar weakened amid increased selling by exporters. Besides, RBI’s decision to inject Rs 12,000 crore liquidity into the system through purchase of government bonds on October 11 to meet the festival season demand for funds also supported the recovery in rupee. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Tuesday, 9 October 2018

Sensex Down 100 Points; Nifty Below 10,300

Benchmark indices BSE Sensex and NSE’s Nifty 50 traded cautious on Tuesday amid negative cues from the global markets. The IMF on Tuesday maintained India’s growth forecast for 2018-19 unchanged and called for further tightening of monetary policy. The rupee opened marginally higher against the US dollar, tracking mixed Asian currencies market. Asian shares hit 17-month lows as China allowed its currency to slip past a psychological bulwark amid sharp losses in domestic share markets. On Wall Street, the tech-heavy Nasdaq had fallen for the third straight day on Monday. Oil prices were little changed as more evidence emerged that crude exports from Iran are declining in the run-up to the re imposition of US sanctions. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 8 October 2018

Sensex, Nifty Open In The Red Amid Negative Global Cues

Market benchmarks Sensex and Nifty opened in the red on Monday amid weak Asian cues hit market sentiment. The 30-share Sensex was 55 points, or 0.16 per cent, down at 34,321. The NSE Nifty50 was 20 points, or 0.19 per cent, down at 10,296. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Indian Rupee Recovers, Trades Lower At 73.85 Per Dollar

The Indian rupee recovered a bit from the day low point. It is trading lower by 8 paise at 73.85 per dollar. It has opened lower by 18 paise at 73.95 per dollar versus Friday's close 73.77. Rupee touched a record low of 74.22 per dollar on Friday after central bank kept the repo rate unchanged at 6.50 percent but changed the stance from Neutral to Calibrated Tightening. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Friday, 5 October 2018

Gold, Silver Down In Morning Deals

Gold and silver prices were trading in red following some profit booking at higher levels as investors will eye the outcome of US non-farm payroll data later today. 
MCX Gold futures were down 0.26 per cent at Rs 31,050 per 10 gram, while MCX Silver futures were down 0.32 per cent at Rs 38,848 at around the same time. According to SMC Global Securities, gold (Dec) can take support near Rs 31,250 and can face resistance near Rs 31,550 in MCX. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Rupee Recovers 6 Paise Against US Dollar Ahead Of RBI Policy

The Indian rupee opened slightly lower on Friday at 73.64 per US dollar against its Thursday’s close at 73.58/$, but shortly made a recovery and was trading at 73.52 in morning trading, 6 paise higher from the previous close, ahead of the Reserve Bank of India’s policy decision, which is due today. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Thursday, 4 October 2018

Rupee Hits New Low Of 73.76, Falls 43 Paise Against USD

The rupee plunged to a fresh low on Thursday hitting 73.76 per dollar in the early trade as global oil prices continued to rise, deepening concerns about the current account deficit and capital outflows. The partially convertible rupee closed at 73.33 on Wednesday. Amid fall in domestic currency, benchmark 10-year bond yields hit 8.20 percent in opening trade as against previous close of 8.11 percent. For More Information Please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Wednesday, 3 October 2018

Rupee Hits New Low Of 73.34, Plunges 43 Paise Against USD

The Indian rupee Wednesday crashed below the 73 mark against the dollar for the first time ever on strong demand for the American currency from importers amid rising global oil prices and unabated capital outflows. At the Interbank Foreign Exchange (forex) market, the domestic currency dropped 43 paise to 73.34 against the US dollar in the early trade. For more information please Visit : www.dollaradvisory.com and Call : +91 9111-179961

Monday, 1 October 2018

Sensex Down 100 Points, Nifty Below 10900, Bandhan Bank Crashes 20%

The BSE Sensex and NSE’s Nifty 50 fell for the fourth straight session on Monday as shares of Bandhan Bank and Kotak Bank declined after RBI punished Bandhan Bank for failing to meet shareholding rules. Shares of Bandhan Bank and Kotak Bank slumped as much as 20% and 12%, respectively. FIIs sold a net of Rs 1,699.94 crore of shares on Friday, while DIIs purchased shares worth Rs 3,256.34 crore, provisional data showed. Brent crude oil prices hit their highest level since November 2014 on Monday ahead of US sanctions against Iran that kick in next month. For more information please Visit : www.dollaradvisory.com and Call : +91 9111-179961