After a steep fall in the morning trade Indian equity market posted a smart recovery. Indian markets were extremely volatile throughout a day tracking the weakness in the rupee. Nifty recovered over150 points from day's low after taking support at 5,126 level. Sensex ended the day at green zone at 17,996.15 up by 28.07 points while Nifty ended at 5,285.00 down by just 2.45 points.
The rupee record fall against the US dollar continues to hog the limelight, INR hits the all time low of 68.75. The rupee is down more than 7.5 per cent this week and more than 13 per cent in August alone.
Gold prices zoomed to a record high of Rs 34,500 per ten gram with a biggest ever single day surge of Rs 2,500 in opening trade in bullion market today amid the rupee hitting historic low of 68.75 a dollar.
Cairn India shares jumped in afternoon trade on rise in crude oil prices in international market and fall in rupee. Oil prices crossed the $117 per barrel, amid worries a possible military strike against Syria may raise tensions in the Middle East.
Among the sectoral indices CNX IT (2.50%), CNX Metal (1.57%) and CNX Pharma (1.18%) were top gainers while CNX Media (-2.77%) was the biggest loser.
Out of 50 stocks of Nifty 24 stocks advanced and 26 stocks declined.
Top 5 Nifty gainers: Ranbaxy (9.94%), Cairn (5.23%), JP Associate (4.00%), Tata Power (3.76%) and HCL (3.61%) were top gainers.
Top 5 Nifty losers: BPCL (-8.14%), PNB (-6.14%), Ultra Cement (-5.91%), ONGC (-5.51%) and Axis Bank (-5.32%) were top losers.
To qualify NISM series I: Currency Derivative certification examination, register with Intelivisto.com and buy NISM Currency Derivative Examination comprehensive question bank which features mock test, chapter-wise and full length test as per NISM standards. It also includes performance analysis tools to analyze the performance. To Know more call: +91-9582000102.
No comments:
Post a Comment