Free Stock Tips | Free Intraday Tips
Nifty starts Sept series on a flat note, rupee breaches 71; Idea up 5%
Grasim, TCS, Yes Bank, BPCL, Vedanta, Hindalco, Power Grid, Axis Bank are under pressure. Also, Nifty Bank was down 0.3 percent.
The Indian rupee breached a 71 mark for the first time on Friday. It has opened at a fresh record low of 70.95 per dollar versus previous close 70.74.
Yesterday the rupee ended at fresh lifetime low of 70.74 the dollar due to month-end demand for the US currency from importers and rising crude oil prices.
However, during the the rupee slipped to a record low of 70.90 to a dollar.
On Thursday, rupee fell to fresh record low levels of 70.80 in the intraday session. The currency in the last few sessions has come under pressure following dollar demand by oil marketing companies and defence related buying. Apart from domestic dollar demand, weakness in Asian currencies also weighed on the rupee, said Motilal Oswal.
The pre-opening rates indicate flat start for the benchmark indices with Nifty trading below 11,700, while Sensex is trading around 38,700.
At 09:05 hrs IST, the Sensex is up 6.69 points or 0.02% at 38696.79, while the Nifty is up 0.60 points or 0.01% at 11677.40.source- www.moneycontrol.com
Jet Airways, HPCL, Canara Bank, Bank of Baroda are trading lower in pre-opening trade.
CALL ON TOLL-FREE No- 9009010900
Our WhatsApp No-9300421111
You are sharing fantastic Share market news & global market update... Thanks a lot.
ReplyDeleteLive Future Tips