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Indian Markets Edge Higher; Rupee Down Against Dollar

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Indian stock markets were trading slightly higher on Monday. The S&P BSE Sensex climbed 16.60 points, or 0.06 percent at 26332.98. The 30-share index touched a low of 26,183.22 in morning trade. The Nifty50 rose 0.06 percent to 8119.10, after touching a low of 8,066.50 in morning trade.

The S&P BSE Midcap Index gained 0.26 percent, while the BSE S&P Smallcap Index rose 0.07 percent.

The Indian rupee dropped around 12 paise to trade at 68.54 against the U.S. dollar.

Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) rose 6.72 percent to close at $43.98 on Friday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) gained 2.52 percent to close at $19.13.

US stock markets closed higher on Friday, with the Dow Jones Industrial Average gaining 0.36 percent, the S&P500 index rising 0.39 per cent, and the Nasdaq Composite surging 0.34 percent.

US WTI crude futures on the NYMEX dropped 0.26 percent to trade at $45.94 per barrel.

Top market movers among the BSE index are as follows

  • Modi Udyog Ltd. rose about 20 percent to 194.10 INR.
  • IM+ Capitals Ltd. rose 20 percent to 40.80 INR.
  • Delta Industrial Resources Ltd. shares gained around 20 percent to 55.00 INR.
  • Somi Conveyor Beltings Ltd. shares surged 18 percent to 48.20 INR.

 

  • Inducto Steel Ltd. tumbled 16 percent to 24.05 INR.
  • Amba Enterprises Ltd. shares dropped around 10 percent to 92.95 INR.
  • Essar Securities Ltd. fell around 8 percent to 23.60 INR.
  • Waterbase Ltd. shares declined 8 percent to 87.60 INR.

Posted-In: Indian stock markets Nifty50 rupee S&P BSE SensexNews Forex Global Markets

 

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