Nifty fell 64.1 points

The NSE Nifty climbed 138.80 points.

Rupee rebounds from all-time low, appreciates against dollar amid oil price surge and foreign fund outflows

Equity indices rise on IT and bank stocks, sharp Brent crude cut; HCL Tech reports strong Q2 earnings

On Tuesday (October 15, 2024), the rupee witnessed a range-bound trade and appreciated 1 paisa to 84.04 against the U.S. dollar

The BSE Sensex went down by 240.75 points to 81,579.37 in early trade. The NSE Nifty declined 62.7 points to 24,994.65

From the 30 Sensex firms, Infosys, State Bank of India, Larsen & Toubro, Reliance Industries, Sun Pharma and Tata Consultancy Services were the biggest gainers

The rupee strengthens against dollar on softer oil prices and RBI intervention, while trade deficit narrows and impacts currency

On Thursday, the rupee weakened by 4 paise to close at 84.06 against the U.S. dollar.

Sustained outflow of foreign funds and an upward momentum in the crude oil prices weighed on the local unit, forex traders said

At the interbank foreign exchange, the rupee opened at 84.07 against the greenback and traded on a flat note in early deals

Equity market indices rebound with blue-chip stocks, fund inflows; Sensex climbs 239.33 points, Nifty up by 72.95 points

Forex traders said a downward trend in domestic equity markets and elevated level of crude oil prices prevented a recovery in the Indian currency.

The rupee remains flat against the dollar amid oil prices, foreign fund withdrawals, and market

Forex traders said, the indication of some recovery in domestic equity markets prevented the fall in the local unit.

IndusInd Bank led the fall, while Mahindra & Mahindra, NTPC, Larsen & Toubro, Adani Ports, Titan, Tata Steel and JSW Steel were also among the laggards.

The rupee trades range-bound, appreciates slightly against USD and impacted by foreign fund outflows and strong dollar

Equity markets rise on ICICI bank boost, Asian trends, and domestic buying and also BSE Sensex, NSE Nifty climb

Equity indices fall due to foreign fund outflows and muted earnings, with Sensex and Nifty declining in early trade

Forex traders said the strength of the American currency in overseas markets dented investor sentiments, while easing crude oil prices and any intervention by the Reserve Bank of India (RBI) may support the local currency at lower levels

In contrast, Maruti, Tata Motors, IndusInd Bank and Larsen & Toubro defied broader market trend and were trading in the positive territory

The rupee rises slightly against dollar amid strong dollar and foreign fund outflows; RBI intervention expected to support local currency

Relentless selling by foreign investors also dampened the sentiments in the equity market

The BSE Sensex declined 326.58 points to 78,455.66 in early trade

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The U.S. Fed is expected to announce a rate cut in a meeting scheduled later this week, with further easing of up to 100 basis points projected for 2025

Forex traders said RBI interventions will keep the USD/INR pair between 83.80 and 84.35. Moreover, the U.S. Federal Reserve monetary policy and officials' comments will be in focus to derive further momentum

Market analysts said unabated foreign fund outflows and mixed global cues further dented investor sentiments

Forex traders said the US Federal Reserve's recent decision to cut interest rates signals a shift in the global financial landscape.

The stock market indices fall due to foreign fund outflows and weak blue-chip stocks; RBI to unveil monetary policy next month

Forex traders said the rupee is likely to remain under pressure unless there is a softening in the dollar index or a slowdown in foreign fund outflows

Sensex and Nifty fall due to foreign fund outflows, disappointing earnings, and weak Asian markets, impacting investor sentiment

The bilateral trade between India and Russia will touch $100 billion by 2030, says External Affairs Minister S. Jaishankar

Forex traders said the rupee is expected to trade between 83.80 and 84.50 in the medium term with the Reserve Bank of India likely limiting any significant downside

The BSE benchmark Sensex climbed 324.83 points to 79,820.98 in early trade. The NSE Nifty went up by 100.7 points to 24,242

Prime Minister Narendra Modi meeting with German Chancellor Olaf Scholz follows signing of multiple treaties, agreements on Mutual Legal Assistance Treaty in Criminal Matters and Indo-German Green Hydrogen Road Map

While the BRICS+ group’s share in global merchandise exports has increased to 23.3% in 2023 from 10.7% in 2000, the G7’s share has fallen by 16.2 percentage points

Delegates at the conference must adopt the summit agenda by consensus as their first task when the COP29 talks begin on Nov. 11 in Baku, Azerbaijan

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Gold rallied ₹1,000 to breach the ₹82,000 per 10 grams level for the first time on Wednesday

The relocation of its crude trading team by the end of this year comes after the private refiner secured long-term oil supplies from Russia, reducing the need to buy spot cargoes

The Sensex and Nifty fall due to IT stocks and foreign fund outflows; Larsen & Toubro gains, U.S. markets close negative

Virtual currencies such as bitcoins are seeing growing interest. Is it safe to trade with them? Here’s what investors and traders say

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