Forex

The BSE Sensex ended marginally lower today on losses in banking stocks as investors turned cautious after the release of minutes of RBI’s latest policy meeting highlighted growth concerns.

All is well that ends well. The benchmark nifty ended today’s session a tad bit above dotted line, marking gains for 3rd straight day.

Benchmark indices started on a negative note today as investors turned cautious after the release of the minutes of RBI’s last policy meet, in which governor Shaktikanta Das argued the need to look at growth concerns.

The rupee inched up 2 paise to 71.22 against the US dollar in early trade today amid a dip in crude oil prices and fresh foreign fund inflows.

Extending gains for the second session, the BSE Sensex rose 142 points today led by pharma, metal, auto and banking stocks amid buying by foreign and domestic institutional investors.

Dalal Street extended gains, spreading wave of green for the second straight session. As regards tomorrow’s trade, Bulls will get more confidence if Nifty moves above its key hurdles at 10809 mark. Above 10809, we believe the bears will get completely knocked down in the ring.

The rupee darted up 9 paise to 71.02 against the US dollar in early trade today amid a reversal in foreign fund outflows even as oil prices hardened today.

Benchmark indices started on a positive note today tracking gains on banking counters, after the government announced infusion Rs 48,239 crore in 12 public sector banks, buying by foreign and domestic institutional investors, and positive global cues.

Breaking its nine-day losing streak, the BSE Sensex zoomed 404 points today while the NSE Nifty reclaimed the 10,700 mark, propelled by gains in metal, IT and banking stocks amid positive global cues.

Bulls came to life at Dalal Street snapping 8-day losing streak. All the more reason to pay attention to talks between U.S and Chinese negotiators that are aimed at ending a trade war between the world’s largest economies.