Thursday 24 November 2016

Rupee downtrend continues, Markets treading carefully

At 02:29 pm, the S&P BSE Sensex is trading at 25,950 down 101 points, while NSE Nifty is trading at 8000 down 32 points. Out of 1,884 stocks traded on the NSE, 714 declined, 846 advanced and 324 remained unchanged today.  

A total of 10 stocks registered a fresh 52-week high in trade today, while 26 stocks touched a new 52-week low on the NSE.

The BSE Mid-cap Index is trading marginally down at 12030, whereas BSE Small-cap Index is trading marginally up at 11819.

Bank of Baroda, TCS, Hindalco, Infosys, SBI are among the gainers, whereas Tata Motors, Zee Entertainment, Kotak Bank, Eicher Motors, Reliance, are losing sheen on NSE.

Some buying activity is seen in Information Technology, Capital Goods, Telecommunications, Metal sectors, while Auto, Banking, Oil & Gas, Healthcare are showing weakness on BSE.

The INDIA VIX is down 5.15% at 17.1100.
The RUPEE hit a record low of 68.86 per dollar on Thursday. The low surpassed the rupee's previous all-time nadir of 68.85 hit in August 2013, when the country was mired in its worst currency crisis in more than two decades. The rupee crashed to nearly 39-month low of 68.84 amid sustained foreign fund outflows and the greenback's surge in overseas markets. Currently, the rupee is trading 34 paise lower at 68.78/$.


No comments:

Post a Comment