Market Overview

Indian Markets Edge Higher; Rupee Down Against Dollar

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Indian stock markets were trading higher on Friday. The S&P BSE Sensex climbed 34.6 points, or 0.13 percent at 26728.92. The 30-share index touched a high of 26,803.26 in morning trade. The Nifty50 rose 0.06 percent to 8252.10, after touching a high of 8,271.90 in morning trade.

The S&P BSE Midcap Index rose 0.1 percent, while the BSE S&P Smallcap Index gained 0.2 percent.

The Indian rupee dropped 19 paise to trade at 67.55 against the U.S. dollar on Friday.

Direxion Daily India Bull 2X Shares (NYSEARCA: INDL) rose 3.22 percent to close at $49.66 on Thursday, while PowerShares India Portfolio (ETF) (NYSEARCA: PIN) gained 1.06 percent to close at $19.96.

US stock markets closed higher on Thursday, with the Dow Jones Industrial Average gaining 0.33 percent, the S&P500 index rising 0.22 per cent, and the Nasdaq Composite gaining 0.44 percent.

US WTI crude futures on the NYMEX gained 0.26 percent to trade at $50.97 per barrel.

Top market movers among the BSE index are as follows

  • Mangalam Seeds Ltd. shares gained around 20 percent to 138.05 INR.
  • Dharamsi Morarji Chemicals Company Ltd. rose about 20 percent to 110.55 INR.
  • Eurotex Industries & Exports Ltd. rose 20 percent to 33.60 INR.
  • Rasoi Ltd. shares surged 19 percent to 1339.95 INR.

 

  • Global Offshore Services Ltd. shares dropped around 14 percent to 94.90 INR.
  • Upsurge Investment & Finance Ltd. fell around 13 percent to 22.50 INR.
  • Info-Drive Software Ltd. shares declined 13 percent to 0.21 INR.
  • Shekhawati Poly Yarn Ltd. tumbled 12 percent to 1.90 INR.

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

 

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