#MarketsWithMC | #ClosingBell π #Sensex up 246.47 points or 0.45% at 54,767.62, and the #Nifty up 62 points or 0.38% at 16,340.50.
π#BSE midcap & #smallcap indices up 0.5% each.
πIndian #rupee ends marginally higher at 79.94 after hitting record low 80.06 intraday.
π Top Gainers: Axis Bank, M&M, IndusInd Bank, UltraTech Cement & Apollo Hospitals.
π Top Losers: ONGC, Nestle India, HDFC Life, HCL Technologies & Tata Consumer Products.
πExcept oil & gas and pharma, all other indices end in the green, realty & PSU Bank gain over 2% each. https://bit.ly/3PDftTX
π#BSE midcap & #smallcap indices up 0.5% each.
πIndian #rupee ends marginally higher at 79.94 after hitting record low 80.06 intraday.
π Top Gainers: Axis Bank, M&M, IndusInd Bank, UltraTech Cement & Apollo Hospitals.
π Top Losers: ONGC, Nestle India, HDFC Life, HCL Technologies & Tata Consumer Products.
πExcept oil & gas and pharma, all other indices end in the green, realty & PSU Bank gain over 2% each. https://bit.ly/3PDftTX
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#MorningTrade π₯ On the #WhatsTrending segment today, we talk to Ravi Krishnan of Moneycontrol about the #rupee fall.
π¦ In the spotlight today: Wipro, Ambuja Cements, L&T Fin, Grasim Ind.
Gautam Shah of Goldilocks answers your stock Qs.
π https://www.youtube.com/watch?v=27Jm1v2_seQ
π¦ In the spotlight today: Wipro, Ambuja Cements, L&T Fin, Grasim Ind.
Gautam Shah of Goldilocks answers your stock Qs.
π https://www.youtube.com/watch?v=27Jm1v2_seQ
#DailyVoice ποΈ Depreciating #rupee is cause for concern but there's no reason to fret too much over it as it would not go down further as the global narrative shifts towards #recession, says Naveen Kulkarni of Axis Securities.
Read at ‡οΈ
https://bit.ly/3Sj1a9f
Read at ‡οΈ
https://bit.ly/3Sj1a9f
Moneycontrol
Daily Voice | This CIO says India may not see recession in 2-3 years and rupee will stabilise by then
Corporate earnings are on expected lines and the consumer sector has demonstrated healthy trends, which is an indicator of a strong economy.
The Indian #rupee has moved in an "orderly" fashion against the dollar so far in this financial year and is reflecting global and domestic fundamentals, the RBI Governor #ShaktikantaDas said.
Read more π
https://bit.ly/3RkDEaP
Read more π
https://bit.ly/3RkDEaP
Moneycontrol
Rupee movement βorderlyβ in FY23 so far, reflects fundamentals: RBI Governor Das
The RBIβs endeavour has been to anchor expectations and allow the exchange rate to reflect the fundamentals rather than overshoot, Shaktikanta Das said
#RupeeVsDollar | Should you be worried about the fall of the #Rupee? π
Indian Rupee is not the only currency that has depreciated in 2022. Many other currencies are falling with respect to the #Dollar & by much more.
Take a look at other depreciating currencies π
Indian Rupee is not the only currency that has depreciated in 2022. Many other currencies are falling with respect to the #Dollar & by much more.
Take a look at other depreciating currencies π
The Indian #rupee hits a major fall against the #dollar. FII being the largest group of investors in the Indian #StockMarket may lead to rupee appreciation with its #investment and depreciation with its selling.
Does it actually affect the #EquityMarket? π€
πΉ Watch the video to know π
https://www.youtube.com/watch?v=SjrkQ8Hqeug
Does it actually affect the #EquityMarket? π€
πΉ Watch the video to know π
https://www.youtube.com/watch?v=SjrkQ8Hqeug
#MarketsWIthMC: The #rupee weakened further to a fresh record low of 82.70 against the dollar on Monday, tracking losses in emerging markets on anticipation of aggressive tightening by the #US Federal Reserve.
Read at π
https://bit.ly/3rNzihe
Read at π
https://bit.ly/3rNzihe
Moneycontrol
Rupee weakens to record low of 82.70 a dollar on Emerging Market losses, Fed fears
The 10-year bond yields rose for seven out of eight sessions, trading at 7.483 percent, up 3 basis points from its previous close of 7.455 percent
#MCProOpinion: An increase in bond yields will not only push up borrowing costs but also shift expected #equity returns higher. A weak #rupee adds to the worry.
What should traders do in a volatile #market like this one? Read to know π
https://bit.ly/3Mk2GoZ
What should traders do in a volatile #market like this one? Read to know π
https://bit.ly/3Mk2GoZ
Moneycontrol
Are money markets sending out distress smoke signals?
A sharp jump in long term benchmark yields marks a sign of stress. Expected equity returns will increase and borrowing costs will also increase. A weaker rupee makes matters worse. Thereβs a message here for traders
The fall in the #rupeeβs exchange rate against the US #dollar is not concerning for India from a macroeconomic perspective due to the lower pass-through to #inflation and lower amount of foreign currency debt, Capital Economics has said.
Read at π
https://bit.ly/3f1wsCF
Read at π
https://bit.ly/3f1wsCF
Moneycontrol
Sliding rupee to have limited macro fallout: Capital Economics
The research house, however, expects the rupee to continue depreciating to around 85 to a dollar by the middle of 2023