Rupee closes at 88.71 against the US dollar The rupee finally settled for the day at 88.71 (provisional) against the greenback, slipping 23 paise from its previous close. The move reflects continued sensitivity in currency markets as investors weigh global and domestic developments. What this means At 88.71, the rupee is marginally weaker, which can … Read more
Gold futures for December delivery on the Multi Commodity Exchange (MCX) slipped on the trading session, falling ₹511 or 0.42% to close at ₹1,22,540 per 10 grams. The move came on a business turnover of 10,456 lots. Price movement at a glance The modest drop in December contracts reflects a short-term pullback after recent strength … Read more
Benchmark Indexes Rise to Fresh Highs The benchmark stock indices extended gains, with the Sensex climbing to a 52-week high of 85,470.96 and the Nifty moving up to 26,136. The move reflected broad-based buying across major sectors and an upbeat investor mood. What drove the rally Strong buying in financials and consumer stocks: Banks and … Read more
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Dollar Stability and Tighter Foreign Flows Shape Market Mood Markets are adjusting to a backdrop where the US Dollar Index (DXY) has entered a consolidating phase, while foreign portfolio flows remain cautious because domestic equities look expensive. These two forces are quietly steering asset prices and investor behavior. What DXY consolidation means A consolidating DXY … Read more
Brent crude futures edged up, trading 0.28% higher at $63.69 per barrel. The modest gain reflects a market balancing supply signals and demand expectations as traders weigh economic data and geopolitical developments. Market snapshot The small uptick in Brent suggests cautious optimism among oil traders. Futures movements often respond quickly to shifts in global growth … Read more
Dollar Climbs to Highest Level in Over Two Weeks The US dollar strengthened on Thursday, reaching its highest level in more than two weeks as investors reacted to shifting expectations about interest rates and global economic outlooks. The move reflects a combination of higher US yields, cautious sentiment in equity markets, and renewed demand for … Read more
Dollar index edges up, trading at 99.63 The dollar index, which measures the greenback’s strength against a basket of six currencies, ticked 0.18% higher and was trading at 99.63. The move signals a modest uptick in demand for the U.S. dollar during the latest session. Why this matters Global trade: A stronger dollar often makes … Read more
Sensex rallies as blue-chips lead the charge The benchmark Sensex moved higher in today’s trading session, with several large-cap stocks posting notable gains. Technology, consumer goods and pharmaceutical names were among the top performers, reflecting a broad-based pickup in investor appetite. Top gainers from the Sensex pack HCL Tech Infosys Tata Consultancy Services (TCS) Hindustan … Read more
Rupee’s modest moves held back by a strong dollar and capital outflows The rupee made only modest gains as a firm US dollar and steady foreign capital outflows capped upside momentum. Forex traders said those external pressures kept the local currency from rallying sharply, even as investors watched progress — or lack of it — … Read more