Rupee comes under pressure as dollar demand picks up Forex traders said strong dollar demand from corporates, importers and foreign portfolio investors is weighing on the rupee. The combined need for dollars to pay for goods, manage overseas obligations and invest abroad is tightening supply in the local market, nudging the currency lower. Why the … Read more
Market snapshot: Early weakness on key benchmarks The 30-share BSE Sensex slipped 316.52 points, down 0.37%, to 85,395.85 in morning trade. The 50-share NSE Nifty also retreated, falling 106.70 points, or 0.41%, to 26,079.75. What the numbers mean Both indices showed modest losses in early-hours trading, reflecting a cautious start to the session. The percentage … Read more
The 30-share BSE Sensex climbed for the second straight session, closing higher after a brisk intraday rise. The index gained 447.05 points, or 0.52%, to finish at 85,712.37, after touching an intraday high of 85,796.72 — up 531.4 points or 0.62% at one point during the day. Market snapshot Closing level: 85,712.37 Daily gain: 447.05 … Read more
Markets stay quiet as foreign money keeps leaving Investor activity slowed as persistent foreign fund outflows and mixed signals from global markets kept many on the sidelines. With capital moving out and volatility choppy overseas, local trading lacked conviction and volume remained muted. Why investors are hesitant Foreign fund outflows: Steady withdrawals from foreign investors … Read more
Why the rupee is feeling the heat The Indian rupee has come under renewed pressure as several factors converge. Selling by foreign investors, a jump in global crude oil prices and delays in the announcement of an India‑U.S. trade deal have all weighed on the currency. Together, these forces are nudging the rupee lower against … Read more
Rupee Bounces Back as U.S. Dollar Weakens The rupee recovered from its recent all-time low after a softer U.S. dollar index relieved some pressure on the currency. Traders welcomed the shift, viewing the dollar’s decline as a key short-term support for the rupee. What drove the rebound Weaker U.S. dollar index: A broad-based dip in … Read more
Market rebound lifts benchmarks Indian equity benchmarks recovered ground as buying in technology and IT shares helped push the market higher. After a recent period of weakness, investors stepped back into stocks that offer growth and steady earnings, supporting both the headline indices. What drove the rally Tech and IT momentum: Strong demand for large-cap … Read more
Rupee Comes Under Pressure Ahead of Key Rate Call The rupee has been feeling the strain as forex traders point to two main drivers: restrained intervention by the central bank ahead of the Monetary Policy Committee (MPC) decision, and heavy dollar demand from importers. Together, these factors have pushed the local currency lower against the … Read more
Market rebound after early dip Equity benchmarks slipped in early trade but recovered quickly to trade in positive territory, lifted by value buying at lower levels. The bounce reflected renewed buying interest after initial weakness, as investors picked up stocks that had fallen to attractive price points. How the session unfolded Early weakness: Markets opened … Read more
Benchmark indices end slightly lower Indian markets closed mixed, with the benchmark indices slipping modestly as traders adopted a cautious stance. The 30-share Sensex fell 31.46 points (0.04%) to settle at 85,106.81, while the 50-share Nifty slipped 46.20 points (0.18%) to close at 25,986. Market snapshot Sensex close: 85,106.81 (down 31.46 points, -0.04%) Nifty close: … Read more