At 9.20 am, Sensex traded at 63,109.24 points, down 174.95 points or 0.28 per cent, whereas Nifty traded at 18,762.50 points, down 50.00 points or 0.27 per cent.
Retail inflation moderated to a three-month low of 6.77 per cent in October from 7.41 per cent the previous month. Also, wholesale inflation in October came in at single-digit after 18 long months.
New Delhi [India], October 24 (ANI): On the occasion of Diwali, the Indian stock exchanges will be open for an hour in what is called Muhurat trading. The exchange platforms will be open for trading today evening from 6.15 pm to 7.15 pm.
New Delhi [India], October 17 (ANI): Brokerage and financial advisory firm LKP Securities has given "buy" ratings to potential investors for stocks such as Bajaj Auto, The Federal Bank, and HDFC Bank.
New Delhi [India], July 24 (ANI): Indian equity markets recorded their best weekly performance during the session till Friday, supported by renewed buying, especially in banking and IT stocks as well as the return of foreign investments into the Indian markets after months. The Indian stocks have been rising for six sessions on a trot.
Mumbai (Maharashtra) [India], February 15 (ANI/NewsVoir): LKP Securities Ltd has entered into an arrangement with HDFC Bank Ltd to offer a special 3-in-1 online account. Under this facility, customers of LKP Securities Ltd. can complete thier bank account opening formalities and gain added benefits of broking and demat account.
Mumbai Jan 25 PTI The rupee on Tuesday depreciated by 18 paise to close at a nearly one-month low of 7478 against the US dollar due to month-end dollar demand from oil importers forex outflows and a stronger dollar in overseas markets Investors weak appetite for riskier assets also weighed on the rupee Moreover market participants are now eyeing the US Feds meeting outcome for further cues At the interbank foreign exchange market the local currency opened at 7460 against the greenback and witnessed an intra-day high of 7457 and a low of 7480 during the session The rupee finally settled at 7478 down by 18 paise over its previous close of 7460 This is the second straight session of loss for the local unit and the lowest closing level since December 27 2021 The rupee has declined by 33 paise against the American currency in two days The dollar index which gauges the greenbacks strength against a basket of six currencies was trading 022 per cent up at 9612 Rupee becomes the worst-performing currency among Asian currencies Even after a sharp rebound in domestic equities forex market traders were uncomfortable to take risk ahead of the holiday and the Federal Open Market Committee FOMC meeting said Dilip Parmar Research Analyst HDFC Securities According to Sriram Iyer Senior Research Analyst at Reliance Securities the Indian Rupee depreciated and settled at a one-month low tracking the weak regional equities and currencies which also extended losses on Tuesday on the likelihood that the Federal Reserve will normalise monetary policy at a faster pace Indian financial markets will be closed on Wednesday for Republic Day The rupee also weakened on the back of risk-off trades amid the potential for military conflict between Russia and Ukraine Moreover stronger crude oil prices also weighed on sentiments this Tuesday Iyer said Rupee traded weak as dollar index traded positive on an anticipated hike from the US Fed in its first policy of 2022 said Jateen Trivedi Senior Research Analyst at LKP Securities The rupee has been facing support around 7500 zones whereas resistance near 7425-7430 The US Fed meeting and Union Budget will be the next key triggers watched by traders and investors Range for the rupee can be seen between 7450 - 7510 Trivedi said Brent crude futures the global oil benchmark rose 148 per cent to USD 8755 per barrel On the domestic equity market front the BSE Sensex ended 36664 points or 064 per cent higher at 5785815 while the broader NSE Nifty rose by 12885 points or 075 per cent to 1727795 Foreign institutional investors remained net sellers in the capital market on Monday as they offloaded shares worth Rs 375158 crore as per stock exchange data PTI DRR MR MR
Mumbai Dec 30 PTI The rupee surged 29 paise to close at a more than one-month high of 7442 against the US dollar on Thursday following year-end dollar selling by banks and exporters amid muted domestic equities Lower commodity prices and gains in Asian peers also supported the rupee sentiment analysts said At the interbank forex market the local unit opened strong at 7456 against the greenback and witnessed an intra-day high of 7438 and a low of 7465 The rupee finally settled at 7442 a level not seen since November 24 In the previous session the rupee had settled just one paisa lower at 7471 against the US dollar Rupee after Wednesdays pause started heading north to monthly high on expectation of better inflows going ahead and dollar selling from exporters on year-end The central bank remained aside from intervening and technical selling has been seen accelerated in USDINR on breaking of support 7450 said Dilip Parmar- Research Analyst HDFC Securities Sriram Iyer Senior Research Analyst at Reliance Securities stated that the rupees gains were supported by continuous dollar sales from foreign banks and equity-related inflows Most Asian currencies gained despite a stronger dollar and lent support to the local unit Iyer said The dollar rose against major rival currencies in holiday-thinned trading as investors remained cautiously optimistic about the economic consequences of a surge in cases of the Omicron coronavirus variant According to Jateen Trivedi Senior Research Analyst at LKP Securities the rupee traded strong due to lack of buying interest from big banks or the RBI supported sellers to add shorts Further lower commodity prices helped the rupee rise towards 7440 compared to 7470 day ago Dollar range trade did not make a difference as the rupee has seen strength on the back of lack of buying in the US dollar Going ahead rupee can be seen in the range of 7420-7455 Trivedi said On the domestic equity market front the BSE Sensex ended 1217 points or 002 per cent lower at 5779432 while the broader NSE Nifty declined 965 points or 006 per cent to 1720395 Meanwhile the dollar index which measures the greenbacks strength against the basket of six currencies rose 026 per cent to 9618 Brent crude futures the global oil benchmark fell 068 per cent to USD 7869 per barrel Foreign institutional investors were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 97523 crore as per exchange data PTI DRR MR MR
Mumbai Dec 24 PTI The BSE benchmark Sensex tumbled 191 points on Friday tracking losses in index-heavyweights HDFC twins Kotak Bank and Axis Bank amid mixed cues from global markets After a choppy session the 30-share index ended 19097 points or 033 per cent lower at 5712431 Similarly the NSE Nifty declined 6885 points or 040 per cent to 1700375 NTPC was the top loser in the Sensex pack shedding around 3 per cent followed by MM Axis Bank PowerGrid Kotak Bank Dr Reddys Bajaj Finserv and HDFC On the other hand HCL Tech Tech Mahindra Asian Paints Wipro and Infosys were among the gainers A range-bound day of trading ahead of Christmas ended the week as this month quite clearly belonged to the IT sector which stood tall amidst extreme volatility as cost-push inflation across sectors is keeping street worried on the impact in the hands of the consumer said S Ranganathan Head of Research at LKP Securities While buoyancy in exports and tax collections coupled with the success of the PLI schemes are positives there are many sectors where consolidation is waiting to happen which is where longer term investors need to focus on in the present corrective phase he noted Elsewhere in Asia bourses in Hong Kong and Seoul ended with gains while Shanghai and Tokyo were in the red Stock exchanges in Europe were trading on a positive note in mid-session deals Meanwhile international oil benchmark Brent crude dipped 010 per cent to USD 7652 per barrel PTI ANS ABM ABM
Mumbai Dec 23 PTI Rising for the sixth straight session the rupee climbed 28 paise to close at 7526 against the US dollar on Thursday as abating concerns over the Omicron variant improved risk appetite globally At the interbank forex market the local unit opened at 7543 against the greenback and witnessed an intra-day high of 7522 and a low of 7544 On Wednesday the rupee had appreciated by 5 paise to close at 7554 against the US dollar Meanwhile the dollar index which measures the greenbacks strength against the basket of six currencies rose 003 per cent to 9610 Brent crude futures the global oil benchmark fell 020 per cent to USD 7514 per barrel Foreign institutional investors remained net sellers in the capital market on Wednesday as they offloaded shares worth Rs 82726 crore as per stock exchange data On the domestic equity market front the BSE Sensex ended 38472 points or 068 per cent higher at 5731528 while the broader NSE Nifty advanced 11715 points or 069 per cent to 1707260 According to Sriram Iyer Senior Research Analyst at Reliance Securities the rupee appreciated against the US dollar on Thursday as risk appetite improved as concerns over the economic impact of the Omicron coronavirus variant eased The local unit has gained 11 per cent so far this week and is poised for its best weekly performance since April 30 Iyer said Most regional and emerging market currencies appreciated against the dollar on Thursday and lent support Interbank selling the USDINR pair RBIs presence in the market absence of importers and aggressive hedging by exporters in anticipation of quarter-end dollar inflows lent support this week Iyer noted Jateen Trivedi Senior Research Analyst at LKP Securities said lower crude prices and upbeat capital markets have helped the rupee Going ahead rupee can be seen between 7510-7555 range he added PTI DRR DRR ABM ABM