Sensex surges 194 points in early trade November 16, 2009
Posted by dhirendra1972 in Early Trade, Firming Trend, Positive Zone.Tags: Asian Bourses, Asian Market, Bombay Stock Exchange, Brokers, DLF Ltd, Foreign funds, Funds, Hang Seng Index, Japan Nikkei, Maruti Suzuki, National Stock Exchange, Reliance Industries, Reliance Infra, Sensex, State Bank Of India, Sterliet Industries, Tata Motors, Trade, Trends, US Dow Jones Industrial Average, Zone
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Good morning friends. Sensex rushes 194 points in early trade. The Bombay Stock Exchange benchmark index Sensex gathered more than 194 points to trade over 17,000 points level, extending previous session’s gains on continued buying by funds, driven by firming trends on the other Asian bourses.
The 30-share BSE Sensex shot up by 194.48 points, or 1.15 per cent to trade well above 17,000 points level at 17,043.31 in early trade with all the sectoral indices trading in positive zone with gains up to 2.25 per cent.
The wide-based National Stock Exchange index Nifty also gained 56.45 points to 5,055.40.
Brokers said pick up in buying by foreign funds, sparked by firming trends on the other Asian markets in line with Friday’s gains on the US market.
Major gainers, which supported the Sensex were Reliance Industries by 1.29 per cent to Rs 2,143.95, Reliance Infra by 0.99 per cent to Rs 1,164.05, DLF Ltd by 2.54 per cent to Rs 377.90, State Bank of India by 2.43 per cent to Rs 2,354, Sterlite Industries by 2.42 per cent to Rs 857.50, Maruti Suzuki by 2.47 per cent to Rs 1,516.35 and Tata Motors by 1.87 per cent to Rs 631.10.
Meanwhile, the Hong Kong’s Hang Seng index was up 1.3 per cent, while Japan’s Nikkei 0.15 per cent higher in the morning trade today. The US Dow Jones Industrial Average ended 0.72 per cent higher on Friday. -Indian Express
Rupee appreciates to 51 against dollar March 19, 2009
Posted by dhirendra1972 in Dollar Selling, Early Trade, Fresh Capital Inflows, Major Currencies, Paise Higher, Tracking Global Cue.Tags: Asian Market, Banks Dollar Selling, Capital Inflows, Currencies, Dealers, Dollar, Dollar Rate, Domestic Stock Market, Domestic Unit, Exporters, Firm Global Cues, Foreign funds, Indian Rupee, Interbank Foreing Exchange, Rupee, s Firm Trends, Stock Market, Trade, Us Currency
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Good morning friends. I came across in reading some article with reference to the Indian Express about the appreciation of rupee. It’s good to know that rupee appreciates to 51 against dollar.
The Indian rupee soared by 30 paise against the US currency to trade at a three-week high in early trade on dollar selling by banks and expectations of rally on domestic bourses following firm trends in other Asian markets.
At the Interbank Foreign Exchange (Forex) market, the domestic unit was quoted 30 paise higher at 51 a dollar, the highest since February 27.
Dealers said hopes of fresh capital inflows from foreign funds into the domestic stock markets, tracking firm global cues supported the rupee.
Some dollar selling by banks and exporters, and the greenback’s weakness against other major currencies also helped the domestic currency strengthen, they added.
On Wednesday, the rupee at 51.30/31 a dollar, a gain of 19 paise against the US currency.
