The Sen Times

Mumbai, Aug 24 (PTI) The rupee pared initial gains and settled for the day lower by 3 paise at 95.74 (provisional) against the US dollar on Monday, on a positive American currency and weak domestic markets. Forex traders said the USD/INR pair traded in a narrow range as rising Brent crude prices, persistent importer demand, and cautious sentiment over new US sanctions targeting Iran weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at 95.65, then touched an intra

Mumbai, Aug 21 (PTI) Benchmark equity indices Sensex and Nifty were trading marginally higher in early deals on Friday as elevated crude oil prices due to geopolitical uncertainties and a sharp fall in US markets made investors cautious. After a positive beginning to the trade, the 30-share BSE Sensex turned flat and was down 25.97 points to 77,506.51 in early deals. The 50-share NSE Nifty also skidded 5.75 points to 24,223.10 after a positive start. However, both the benchmark indices bounced b

Mumbai, Aug 19 (PTI) Benchmark equity indices Sensex and Nifty closed lower on Wednesday as elevated crude oil prices amid a lack of a diplomatic resolution following the end of the US-Iran ceasefire dented investor sentiment. The expiry of the temporary 60-day US-Iran ceasefire without any meaningful diplomatic breakthrough has renewed concerns over a prolonged disruption to energy supplies, driving crude oil prices higher, an expert said. The 30-share BSE Sensex was down 325.78 points, or 0.42

Mumbai, Aug 14 (PTI) The rupee gained 2 paise to 95.43 against the US dollar in early trade on Friday, backed by a weaker greenback overseas. The Indian currency, however, remained under pressure due to the withdrawal of foreign funds from domestic equities and rising crude oil prices amid geopolitical uncertainties, forex traders said. At the interbank foreign exchange market, the rupee opened at 95.39 and later slipped to trade at 95.43 against the American currency in early deals, up marginal

Mumbai, Aug 12 (PTI) The rupee settled just 3 paise higher at 95.33 (provisional) against the US dollar on Wednesday, as hopes of a quick US-Iran agreement and reopening of the Strait of Hormuz faded. Forex traders said Brent crude is moving towards USD 90 per barrel amid risk aversion in global markets. At the interbank foreign exchange, the rupee opened at 95.40 against the greenback and traded in a range of 95.24-95.43 during the session. It eventually settled at 95.33 (provisional), higher b

Mumbai, Aug 12 (PTI) Benchmark equity indices Sensex and Nifty drifted lower in early trade on Wednesday as higher crude oil prices weighed on investors sentiment. The 30-share BSE Sensex dipped 35.99 points to 78,097.31 in early trade. The 50-share NSE Nifty skidded 31.15 points to 24,444.55. Further in the trade, the BSE benchmark dropped 211.37 points to 77,953.66, and the Nifty traded 65.10 points down at 24,411.15. From the Sensex pack, Bharti Airtel, Mahindra & Mahindra, UltraTech Cement,

Mumbai, Aug 12 (PTI) The rupee fell 6 paise to 95.42 against the US dollar in early trade on Wednesday, weighed down by the sharp rise in Brent crude toward USD 90/bbl, as hopes of a quick US-Iran agreement and reopening of the Strait of Hormuz faded. Forex traders said the principal driver behind the rise in Brent crude prices is the uncertainty over the Strait of Hormuz. Markets are increasingly sceptical about a quick US-Iran agreement, while reports of attacks on shipping have renewed concer

Mumbai, Aug 11 (PTI) Benchmark indices Sensex and Nifty declined in early trade on Tuesday amid elevated crude oil prices due to geopolitical uncertainties. The 30-share BSE Sensex declined 320.14 points to 78,204.40 in early trade. The 50-share NSE Nifty dropped 94.35 points to 24,490.85. From the Sensex pack, InterGlobe Aviation, Axis Bank, UltraTech Cement, Bharti Airtel, Eternal and Bajaj Finance were among the laggards. Titan, HCL Tech, Tech Mahindra, and Infosys were among the gainers. Bre

Mumbai, Aug 11 (PTI) The rupee fell 8 paise to 95.38 against the US dollar in early trade on Tuesday amid no breakthrough in the ongoing West Asia crisis, which kept global markets on edge and pushed up crude oil prices overnight. A decline in domestic equity markets in early trade maintained pressure on the local unit while FII inflows and intervention by the Reserve Bank of India (RBI) provided support, preventing a further slide, forex traders said. At the interbank foreign exchange market, t

Mumbai, Aug 10 (PTI) Market benchmark indices Sensex and Nifty drifted lower in early trade on Monday amid a spike in crude oil prices due to geopolitical uncertainties. The 30-share BSE Sensex dipped 19.38 points to 78,479.79 in early deals. The 50-share NSE Nifty skidded 5.10 points to 24,567.45. Later in the trade, the BSE benchmark declined 158.62 points to 78,340.55, and the Nifty edged lower by 45.20 points to 24,524.95. From the Sensex pack, Eternal, State Bank of India, InterGlobe Aviati

Mumbai, Aug 10 (PTI) The rupee fell 8 paise to 95.25 against the US dollar in early trade on Monday, weighed down by a stronger greenback and a rise in global crude oil prices. However, FII inflows and a rise in the countrys forex reserves capped a sharper fall in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 95.18 before slipping further to 95.25, down 8 paise from its previous close. The rupee settled with a 5 paise gain at 95.17 against the US doll

Mumbai, Jul 30 (PTI) Benchmark indices Sensex and Nifty traded in positive territory during early trade on Thursday driven by a rally in IT stocks, foreign fund inflows and a drop in crude oil prices. The 30-share BSE Sensex advanced 75.71 points to 77,726.62 in early trade. The 50-share NSE Nifty went up by 26.90 points to 24,275.85. From the Sensex pack, Infosys, Tech Mahindra, HCL Tech, Tata Consultancy Services, Mahindra & Mahindra and Sun Pharma were among the major winners. Adani Ports, As

Mumbai, Jul 29 (PTI) Market benchmark indices Sensex and Nifty rebounded in early trade on Wednesday led by IT stocks, HDFC Bank and fresh foreign fund inflows. The 30-share BSE Sensex jumped 726.13 points to 77,471.26. The 50-share NSE Nifty climbed 203.50 points to 24,189.05. From the Sensex pack, Infosys, Larsen & Toubro, Hindustan Unilever, HDFC Bank, Tata Consultancy Services, Tech Mahindra, Bharti Airtel and HCL Tech were among the major gainers. InterGlobe Aviation, Bharat Electronics, Po

Mumbai, Jul 29 (PTI) The rupee appreciated by 5 paise to 95.77 against the US dollar in early trade on Wednesday, staying firm for the fourth consecutive day amid a weak American currency and lower crude oil prices. The local currency also found support from positive domestic equity market sentiment after foreign institutional investors turned to buying Indian stocks, according to forex traders. At the interbank foreign exchange, the rupee opened at 95.70 and slipped to 95.77 against the greenba

Mumbai, Jul 28 (PTI) Market benchmark indices Sensex and Nifty climbed in early trade on Tuesday on lower crude oil prices amid easing geopolitical worries in West Asia. Buying in IT stocks also supported the positive trend in the markets. The 30-share BSE Sensex climbed 152.7 points to 76,988.48 in early trade. The 50-share NSE Nifty went up by 44.95 points to 24,040.90. From the Sensex pack, Tech Mahindra, Tata Consultancy Services, Infosys, HCL Tech, Hindustan Unilever and Eternal were among

Mumbai, Jul 27 (PTI) Market benchmark indices Sensex and Nifty rebounded in early trade on Monday following a sharp decline in crude oil prices amid easing tensions in the West Asia. The 30-share BSE Sensex jumped 566 points to 76,608.66 in early trade. The 50-share NSE Nifty surged 153.60 points to 23,923.30. Market sentiment has improved meaningfully over the weekend after the US and Iran paused military action, easing fears of an immediate supply disruption. Brent crude has corrected sharply,

Mumbai, Jul 27 (PTI) The rupee gained 28 paise to 96.25 against the US dollar in early trade on Monday, taking cues from a sharp fall in crude oil prices and positive global sentiment after the US and Iran signalled an easing of tensions in West Asia. The American currency index also retreated from an elevated level, while domestic equities witnessed a strong buying trend, supporting the local currency further, forex traders said. At the interbank foreign exchange, the rupee opened at 96.18 but

New Delhi, Jul 24 (PTI) Gold prices dropped by Rs 2,000 to Rs 1.47 lakh per 10 grams in the national capital on Friday due to profit-taking by traders. The precious metal of 99.9 per cent purity depreciated by Rs 2,000 to Rs 1,47,200 per 10 grams (inclusive of all taxes), marking its second straight day of losses. Gold traded at Rs 1,49,200 per 10 grams on Thursday, according to local traders. Silver prices also declined by Rs 5,000 to Rs 2,24,700 per kg (inclusive of all taxes) due to heavy sel

Mumbai, Jul 22 (PTI) The rupee depreciated by 34 paise to close at 96.59 (provisional) against the US dollar on Wednesday, weighed down by surging crude oil prices and heightened geopolitical uncertainty. Forex traders said risk aversion in global markets and a negative trend in domestic equities further dented investor sentiments. At the interbank foreign exchange, the rupee opened at 96.36 against the US dollar and traded in the range of 96.25 to 96.57 during the day. The domestic unit finally

Mumbai, Jul 22 (PTI) Benchmark indices Sensex and Nifty declined in early deals on Wednesday as higher crude oil prices and selling in bank stocks hit investors sentiment. The 30-share BSE Sensex declined 403.54 points to 77,066.06 in early trade, taking the donwtrend to the third day running. The 50-share NSE Nifty edged lower by 114.75 points to 24,070.05. From the Sensex pack, InterGlobe Aviation, Axis Bank, State Bank of India, Sun Pharma, Adani Ports, UltraTech Cement, HDFC Bank and ICICI B

Mumbai, Jul 21 (PTI) The rupee depreciated 6 paise to 96.42 against the US dollar in early trade on Tuesday as heightened geopolitical uncertainty put pressure on most Asian currencies, including the rupee. Forex traders said the rupee came under pressure from a combination of factors crude oil prices climbed on renewed geopolitical tensions, and demand for the US dollar increased as investors moved toward safe-haven assets. At the interbank foreign exchange market, the rupee opened at 96.41 th

Mumbai, Jul 20 (PTI) Benchmark indices Sensex and Nifty tumbled in early trade on Monday, dragged by heavy selling in blue-chip HDFC Bank and a sharp spike in crude oil prices due to the ongoing tensions between the US and Iran. The 30-share BSE Sensex tanked 523.22 points to 77,628.23 in early trade. The 50-share NSE Nifty declined 134.10 points to 24,198.25. From the Sensex pack, Axis Bank and HDFC Bank declined nearly 5 per cent after announcing their quarterly earnings over the weekend. HDFC

Mumbai, Jul 17 (PTI) The rupee gained 14 paise to 96.28 against the US dollar in early trade on Friday buoyed by positive sentiments at the domestic equity markets. However, heavy FII outflows and higher global crude oil prices amid heightened tensions in West Asia prevented further gains in the local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 96.35 against the greenback before rising further to 96.28, up 14 paise from its previous close. The rupee depreciat

Mumbai, Jul 15 (PTI) Market benchmark indices Sensex and Nifty rebounded in early trade on Wednesday after a sharp decline in the previous session led by bank stocks and a softer-than-expected US inflation data reinforcing expectations that the Federal Reserve may adopt a less aggressive monetary policy stance in the coming months. The 30-share BSE Sensex jumped 553 points to 77,603.57 in early trade. The 50-share NSE Nifty went up by 148.15 points to 24,198.40. From the Sensex pack, Bajaj Finan

Mumbai, Jul 14 (PTI) Market benchmark indices Sensex and Nifty declined in early trade on Tuesday dragged by a sharp rally in crude oil prices due to the renewed flare-up in West Asia. Fresh foreign fund outflows and a weak trend in global peers also put pressure on the markets. The 30-share BSE Sensex dropped 552.99 points to 77,063.41 in early trade. The 50-share NSE Nifty declined 160.45 points to 24,050.55. From the Sensex pack, InterGlobe Aviation, HCL Tech, Bajaj Finance, Mahindra & Mahind

Mumbai, Jul 10 (PTI) Stock market benchmark indices Sensex and Nifty surged in early trade on Friday, driven by a rally in IT firms after TCS reported an increase in its June-quarter net profit and guided towards an improvement in demand returning in the ongoing quarter. Positive trend in global markets also drove the domestic equities higher during the initial trading. The 30-share BSE Sensex jumped 694.83 points to 77,423.82 in early trade. The 50-share NSE Nifty surged 195.95 points to 24,154

Mumbai, Jul 10 (PTI) The rupee rose 15 paise to 95.32 against US dollar in early trade on Friday as the greenback weakened and oil prices eased despite intensifying tensions in West Asia. FII outflows and uncertainties over fresh tensions in West Asia weighed on the local unit while a strong start to the days trade at the domestic equity markets provided support, according to forex traders. The US launched new airstrikes against Iran on early Thursday, and Tehran responded by targeting US-allied

Mumbai, Jul 9 (PTI) The rupee appreciated by 7 paise to settle at 95.41 (provisional) against the US dollar on Thursday even as crude oil prices firmed up and the greenback strengthened in the global markets. A recovery in the stock markets and dollar selling by state-run lenders supported the local currency amid rising volatility triggered by the fresh escalation in the West Asia crisis. At the interbank foreign exchange market, the rupee opened lower by 4 paise at 95.52 against the US dollar a