The Indian rupee weakened sharply on Monday, falling alongside most emerging market (EM) currencies after US President Donald Trump threatened new reciprocal tariffs and penalties on countries aligned with BRICS.The rupee ended at 85.85 per US dollar, down 0.54% from Friday’s close of 85.39, after hitting an intraday low of 86.02. The dollar strengthened broadly after Trump unveiled a new tariff policy targeting countries he said are "aligning themselves with the Anti-American policies" of the BRICS group, prompting a selloff in emerging market currencies.In a social media post, Trump said...
Indian stock market benchmarks, the Sensex and the Nifty 50, ended with modest gains on Wednesday, June 11, amid largely positive global cues. The Sensex closed 123 points, or 0.15 per cent, higher at 82,515.14, while the Nifty 50 settled with a gain of 37 points, or 0.15 per cent, at 25,141.40.Mid and small-cap segments ended mixed. The BSE Midcap slipped 0.12 per cent, while the BSE Smallcap index rose 0.06 per cent.Indian stock market: 10 key highlights from the day1. Why did the Indian stock market end lacklustre today?Indian...
Market Watch: Manish Jain, Head-Fund Management, CentrumOn Nifty from a medium-term perspective, by the end of this calendar year, I’m still very optimistic that you will see closer to 27,000-28,000 levels of Nifty, which is assuming that the P/E multiples continue to remain constant at around 21 times or thereabouts. So you will see markets rallying on the back of earnings growth. I’m fairly optimistic that you will see an acceleration of earnings growth standing where you are today, going into the Q1, I will be very surprised if Nifty...
Stock Market Live Updates: Another important day beckons for the Indian equities today as despite being stuck in a range, the Nifty has been giving opportunities to trade on both sides of the spectrum. The first half of Monday's trading session saw the Nifty react adversely to global cues and fall to the lows of the day with declines of over 200 points. It is then that the bulls stepped in a lead a recovery from the lows, as has been the case over the last month. The Nifty has...
By CNBCTV18.COM | Jun 3, 2025 7:55 AM IST (Updated)Stock Market Live Updates: Another important day beckons for the Indian equities today as despite being stuck in a range, the Nifty has been giving opportunities to trade on both sides of the spectrum. The first half of Monday's trading session saw the Nifty react adversely to global cues and fall to the lows of the day with declines of over 200 points. It is then that the bulls stepped in a lead a recovery from the lows, as has been the...
Indian stock market: Both Indian indices - Sensex and Nifty 50 - ended the last week of May on a lower, making it second consecutive week to close in red.The BSE benchmark dropped by 270.07 points, or 0.33%, while the Nifty slipped 102.45 points, or 0.41%. The market closed the week on a cautious note, reflecting a muted performance influenced by persistent global trade tensions and uncertainty over upcoming domestic policy decisions.On Friday, both indices ended lower after a mostly range-bound session, weighed down by declines in IT stocks and...
Rupee weakened by 10 paise to close at 85.48 (provisional) against the US dollar on Thursday, pressured by a strengthening dollar overseas and a rise in global crude oil prices. Forex traders noted that gains in the domestic equity markets and foreign capital inflows helped limit the local currency's fall. At the interbank foreign exchange market, the rupee opened at 85.56 and traded between an intra-day low of 85.62 and a high of 85.40 before settling at 85.48, marking a 10 paise decline from Wednesday’s close of 85.38. Anuj...
Rupee depreciated by 37 paise to close at 85.96 (provisional) against the US dollar on Thursday, pressured by strong dollar demand from importers and foreign banks, along with a surge in crude oil prices. Forex traders highlighted that surging US bond yields are unsettling global investors. "Moreover, the narrowing yield differential between India and the US is making Indian assets less attractive," they noted. Elevated crude oil prices, driven by rising geopolitical tensions in the Middle East, further dampened investor sentiment. At the interbank foreign exchange market, the rupee opened...
The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open lower on Monday, tracking weakness in global markets.The trends on Gift Nifty also indicate a tepid start for the Indian benchmark index. The Gift Nifty was trading around 25,060 level, a discount of nearly 18 points from the Nifty futures’ previous close.On Friday, the Indian stock market indices ended marginally lower on the back of profit-booking at higher levels.The Sensex fell 200.15 points, or 0.24%, to close at 82,330.59, while the Nifty 50 settled 42.30 points,...