Market logs 6th straight gains on rupee
December 18, 2018 17:46
Indian equity benchmarks reversed early losses to end in the green, marking their sixth consecutive gains, helped by late buying in mainly in pharma, metal and capital goods as firming rupee and sliding crude lifted investors' sentiment.
The BSE benchmark Sensex ended 77 points higher despite losses in information technology and FMCG counters amid weak global cues. Similarly, the broader NSE Nifty edged higher by over 20 points to close above the 10,900-level.
In a major boost to domestic market, the Indian rupee jumped 93 paise (intra-day) to trade at 70.63 against the US dollar and the benchmark Brent crude dropped to 57.98 a barrel, a fall 2.73 per cent, easing India's concerns on the current account deficit front. -- PTI
The BSE benchmark Sensex ended 77 points higher despite losses in information technology and FMCG counters amid weak global cues. Similarly, the broader NSE Nifty edged higher by over 20 points to close above the 10,900-level.
In a major boost to domestic market, the Indian rupee jumped 93 paise (intra-day) to trade at 70.63 against the US dollar and the benchmark Brent crude dropped to 57.98 a barrel, a fall 2.73 per cent, easing India's concerns on the current account deficit front. -- PTI
TOP STORIES
© 2024 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Feedback - About us - Terms of use - Grievances