The rupee today rose by 22 paise to 54.10 against the dollar in early trade at the Interbank Foreign Exchange (forex) market on selling of US currency by exporters and banks.
Sensex on Thursday closed 126 points down following selling pressure in consumer durables, capital goods and fast moving consumer goods (FMCG) stocks.
Even as Wall Street deal makers await a revival of the moribund merger market, Chinese firms are shopping abroad with their wallets out.
The government's bid to raise funds by selling stakes in public sector firms to bridge a widening fiscal deficit received a big boost on Wednesday as its offer for a 10% stake sale in the National Mineral Development Corporation (NMDC) was oversubscribed.
Markets watchdog Sebi today said guidelines to prevent flash markets crash like what happened on the NSE in October and protect the interests of investors will be in place within a few days.
The rupee today marginally up by 4 paise to 54.22 against the US dollar in early trade at the Interbank Foreign Exchange on increased capital inflows, amid weakening of the American currency against the euro overseas.
Registering losses for the fourth straight day, the BSE benchmark Sensex today closed 32 points lower as a sharp rebound in industrial growth during October and retail-level inflation inching up to 9.9 % in November, dimmed interest rate cut hopes.
Shares of banks have seen significant gains in the past two weeks on the expectations that the banking amendment bill will be cleared in the Parliament soon.
India's exports contracted for the seventh month in row in November by 4.2% year-on-year at $22.2 billion, hit by the economic slowdown in the US and Europe, with experts saying it is unlikely to pick up in the coming months.
The rupee today strengthened by 19 paise to 54.29 against the dollar in early trade at the Interbank Foreign Exchange (forex) market on selling of the US currency by exporters amid foreign capital inflows.
After rising over 200 points, the BSE benchmark Sensex today crumbled under profit booking pressure to close 22 points down, extending losses for the third straight day, amid gloomy export data for November.
Azim Premji-led Wipro has seen its stocks perk up since it announced a plan to de-merge its non-IT businesses into a separate entity, Wipro Enterprise Limited.
The government on Monday fixed the price band for the upcoming 10% stake sale in India’s largest iron ore miner National Mineral Development Corp (NMDC) at
Rs.
145-150 that will fetch the exchequer between
Rs.
5,750 crore and
Rs.
5,950 crore.
In line with equity market, rupee failed to maintain initial gains against dollar, but was still quoted higher on Monday in late morning trade by 10 paise to 54.37 on selling of the American currency by banks and exporters.
In choppy trade, the BSE benchmark Sensex today ended almost flat after gains in HDFC, Cipla and Wipro were offset by losses in TCS, Reliance Industries and ICICI Bank amid a weak trend in European markets.