RBI
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Currency
Rupee Rise To 81.10 vs Dollar-key Reasons
Rupee Rise to 81.10 per dollar reflects a number of important developments On Friday, the value of the rupee rise by 12 paise to 81.10 per dollar due to a decline in the dollar’s value against a basket of six peers. However, the rise in global crude oil prices put pressure on the euro. On Thursday, the rupee finished at…
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Crude Oil
Oil Skyrockets On Massive Crude Inventory Reduction
Huge Drawdown in Crude Inventory After the U.S. Energy Information Administration reported a 12.6 million barrel decline in crude oil inventories for the week ending November 25, crude oil prices rose today. Oil stockpiles are 8% below the five-year average for this time of year, at 419.1 million barrels. Compared to the previous week’s expected draw of 3.7 million barrels,…
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Mutual Fund
SEBI Issues New Issuer Limit For Mutual Funds Schemes
Mutual Fund Scheme Issuer Cap Increased by Sebi “To avoid inconsistency in mutual fund investments in the debt instruments of an issuer, regardless of whether the scheme is actively or passively managed, it has been decided to introduce a similar credit rating-based single-issuer limit for actively managed mutual fund schemes,” Sebi said in a notification.Tuesday, the Securities and Exchange Board…
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Nifty - Bank Nifty
Tech Point of View: Nifty makes a higher bottom
What should traders do on Tuesday? Main stock market index yesterday, the Nifty made a bullish candle on the daily scale and closed 225 points above the 18,000 zone. A higher bottom formation meant that the trend was likely to go up again soon. Chandan Taparia said, “Now, it has to stay above 18000 zones for a move up to…
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Currency
Rupee Steady At 82.37 As Dollar Retreats And On Expected RBI Intervention
Rupee in a narrow band, ends at around 82.37 per dollar The rupee traded in a narrow range on Monday as the dollar retreated, and the intervention last week by the Reserve Bank of India deterred speculators. Bloomberg showed the rupee was last at 82.3675 per dollar after opening at 82.3325, compared to its previous close of 82.36. Since last Monday, when the…
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Market Walk
Sensex Opens In The Red As Global Financial Conditions Tighten
Stock Market India: Benchmarks slipped on Monday to reverse the previous session’s rally Indian equity benchmarks reversed a sharp rally in the previous session and started cautiously on Monday, tracking a fall in Asian shares following another setback on Wall Street as investors brace for a more aggressive tightening in financial conditions worldwide, with all the risks of recession it…
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Market Walk
Ahead of Market: 10 things that will decide D-Street action on Monday
10 Market-Determining Factors Tracking gains in other global equity markets, Indian equity indices closed in the green zone, led by gains in banking, financial, and IT stocks. After climbing to 17,348 levels, the Nifty ended over 1% higher, near 17,200. However, the broader markets were laggards during the session and ended lower by a margin. On the weekly front, the…
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Nifty - Bank Nifty
Tech View: Nifty forms a positive candle on the weekly chart. What investors should do on Monday
Weekly Nifty candle is favorable Headline equity index Nifty formed a Bearish candle on daily scale but negated its lower highs formation of the last five sessions. On the weekly charts, the index formed a positive candle with upper and lower shadow, which signals the formation of a high wave type candle pattern. “Now, the Nifty has to hold above…
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Currency
Rupee Weakens Only A Touch To 82.41 As Dollar Takes A Breather
The rupee weakens to 82.41 per dollar The rupee ended Friday only a touch weaker as the dollar rally paused after investors flocked back to stocks, with dip buyers aiding in the spectacular recovery, despite a red-hot US inflation reading on Thursday. Bloomberg quoted the rupee last at 82.3875, after opening at 82.2738, compared to its previous close of 82.35…
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Currency
Rupee Plunges To All-Time Low Of 82.33 Against Dollar
A Reuters poll has said the rupee will trade near its record low beyond this year The rupee plunged by 16 paise to close at an all-time low of 82.33 against the US currency in early trade on Thursday due to a surge in US bond yields, risk-averse sentiment among investors, and firm crude oil prices. At 9.30 am, the home currency was trading at 82.30 a…
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