Rupee Depreciates Against US Dollar on Strength of Greenback, but Positive Domestic Trends and Foreign Capital Inflows Offer Support May 30, 2023 Place- New Delhi The Indian rupee depreciated by 4 paise to close at 82.64 against the US dollar on Monday. The local unit had opened strong at 82.57 in the interbank foreign exchange…
In early trade on Thursday, the rupee strengthened 18 paise to 81.93 against the US dollar, following the American currency’s widespread decline in the global market.Foreign capital inflows, according to forex merchants, also strengthen the local currency.The native currency at the interbank foreign exchange started out at 81.99 against the dollar before rising to 81.93,…
In NEW DELHI: Due in large part to a significant amount of interest from ordinary investors and the market correction that resulted in acceptable pricing, mutual funds continued to be optimistic on Indian stocks in 2022–2023 and invested Rs. 1.82 lakh crore.This comes after mutual funds invested a similar sum of Rs 1.81 lakh crore…
Whether you should buy or sell equities, the Indian stock market ended the day higher. Both the Nifty and Bank Nifty indices registered weekly gains of more than 1.35 percent during a week that was cut short by two stock market holidays, while the 30-company BSE Sensex index posted a weekly gain of 1.42 percent….
Except for a brief period of reversal from the final week of September 2022 to the end of November 2022, Infosys stock has been on a downward trend for the past year. Today’s opening gap on the upside continued as the price of Infosys shares dropped to an intraday low of Rs. 1,382.90 a share,…
The Nifty Energy index has lost more than 16% of its value in the first two months of 2023, but the recovery in March 2023 suggests a turn around is imminent. The index is trading at a point of support on the weekly chart. The Energy index, on the other hand, increased by over 5%…
According to domestic brokerage firm Axis Securities, the Nifty index exhibits a “Doji” candlestick shape on the weekly chart, signalling market participants are unsure of the route to take. According to the chart pattern, if the Nifty crosses and maintains above the 17100 level, purchasing would occur, driving the index up to the 17250–1750 level….
The Nifty index was extremely volatile over the past week, ending with a weekly loss of 1%. The 200-day moving average of the benchmark index has continued to be below it, therefore the trend is still bearish in the short- to medium-term. The RSI momentum indicator has crossed over and is declining. Support is set…
MUMBAI: On Thursday, the benchmark Sensex for Indian equities fell 290 points to close below the 58,000 level following a sell-off in sectors related to banking, finance, and IT amid a sluggish trend in European equities.Meanwhile, intense selling pressure in Reliance Industries, an index heavyweight, increased the pressure, according to brokers.The 30-share BSE Sensex dropped…
MUMBAI: In keeping with a strong trend in global stocks, stock markets opened trading on a bullish note on Wednesday, building on their gains from the previous day.The BSE Sensex (30-share) increased 344.1 points to 58,418.78. The NSE Nifty, a wider index, increased 99.75 points to 17,207.25.Tata Motors, IndusInd Bank, UltraTech Cement, Larsen & Toubro,…
