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Sensex, Nifty advance for 7th straight day
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SME Times News Bureau | 19 Mar, 2019
The key indices continued their positive momentum, logging a seventh
straight session of gains, riding specific large caps and upbeat
sentiments over sustained foreign fund inflow.
"Buying emerged in the late afternoon session on the back of positive European markets," said Deepak Jasani of HDFC Securities.
The
S&P BSE Sensex gained 268.40 points (0.70 per cent) to close at
38,363.47 and the Nifty jumped 70.20 points (0.61 per cent) to close at
11,532.40.
"Market gained strength towards closing following a
range-bound movement, the rally was broad-based characterised by the
out-performance of large caps," said Vinod Nair, Head of Research,
Geojit Financial.
The Indian rupee witnessed selling pressure
following a continuous surge against the US dollar, while domestic bond
yields inched higher as investors awaited the US Fed policy outcome,
scheduled to be announced on Wednesday, Nair said.
The Reserve
Bank of India's (RBI) interference through open market operations (OMO)
will support banks and any further rate cut in the upcoming monetary
policy will stimulate the rally, he added.
The OMO refers to a central bank's buying and selling of government securities in the open market.
The
top gainers were ITC, NTPC, HCL Tech, Reliance Industries and Bharti
Airtel, while the laggards were Hero MotoCorp, Larsen and Toubro, Maruti
Suzuki, Bajaj Auto and Coal India.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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