Rupee weakened by 15 paise to hit a fresh 3-week low of 68.16 against dollar in early trade, pressured by appreciation of the American currency overseas.
The Reserve Bank has eased investment norms for foreign portfolio investors (FPIs) in debt, especially into individual large corporates, a move that can help attract more overseas flows.
The benchmark Sensex managed to post gains for the fourth week in row, garnering 178.47 points to close at 35,622.14, while the broader Nifty racked up 74.03 points to end at 10,817.70.
Rupee plunged by 36 paise to hit a 3-week low of 67.98 against US dollar in early trade following strong demand for the greenback amid sustained foreign capital outflows.
Equities reversed a three-session winning run today after the US Fed raised interest rates and struck a hawkish stance, souring appetite for emerging market assets.
BSE Sensex tumbled over 139 points today following three straight sessions of gains after the US Federal Reserve raised interest rates and struck a more hawkish stance.
Markets gave up early gains but managed to end higher for the third straight session today, driven by robust buying in technology and healthcare stocks amid positive macro data.
The BSE Sensex rose 47 points today to close at 35,739.16 in see-saw trade, led by gains in software exporters and healthcare stocks.
The BSE Sensex soared 209 points to close at 35,692.524, while the broader NSE Nifty reclaimed the key 10,800-mark.
Sensex surged 209 points to close at an over 4-month high of 35,692.524, taking positive leads from the global markets as investors largely welcomed a historic summit between the US and North Korea.
U.P. Govt cancels Purvanchal Expressway bids
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U.P. Govt to re-invite bids for expressway project
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Telecom Department may clear Vodafone-Idea merger today
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U.S. court issues restraint order following patent litigation over Suboxone
Company remains confident in its legal positions on this patent Court order does not include a prohibition on commercial manufacturing of the product
The court has scheduled an expedited hearing of the preliminary injunction for June 28 Ruling is expected soon thereafter
Board mulls reshuffle of top management
ICICI Prudential Life Chief Bakshi may be named ICICI bank interim