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Market WRAP: Indices end on a higher note; Sensex jumps 150 points on a volatile day! Market WRAP: Indices end on a higher note; Sensex jumps 150 points on a volatile day!

Market WRAP: Indices end on a higher note; Sensex jumps 150 points on a volatile day!

Stocks that have hit fresh a 52-week high are Abbott India, Axis Bank, Bharat Forge, IDFC First Bank, PNB, SBI and Yes Bank.  

Rohit Kale 0 760 Article rating: 4.2

Indices closed on a higher note on a volatile trading day. NSE Nifty 50 index rose 0.28 per cent to close above 18650 levels while Sensex soared 150 points.

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Market WRAP: Nifty closes above 17,000; IT and pharma climb, metals drag Market WRAP: Nifty closes above 17,000; IT and pharma climb, metals drag

Market WRAP: Nifty closes above 17,000; IT and pharma climb, metals drag

Cipla, Tata Consumer Products & Shree Cement emerged as the top gainers whereas Hero MotoCorp, Adani Ports, and Titan Company were the top losers

Rohit Kale 0 1165 Article rating: 4.8

Indices have closed flat amid volatility. Nifty closed at the 17,000 level while Sensex shredded 37 points at the end of the day. Nifty Midcap and Nifty Smallcap closed marginally higher.  

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Amidst weakening euro and rupee against mighty dollar, heres what lead analyst Ramkumar Venkatramani has to say! Amidst weakening euro and rupee against mighty dollar, heres what lead analyst Ramkumar Venkatramani has to say!

Amidst weakening euro and rupee against mighty dollar, heres what lead analyst Ramkumar Venkatramani has to say!

With the euro weakening and clouds of uncertainties in Europe due to the Russian situation, one should remain cautious about Euro-denominated assets. 

Rohit Kale 0 1013 Article rating: 5.0

Currencies have garnered investors’ attention lately, as the dollar continues to appreciate against the weakening rupee and euro.

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Highlights of RBI MPC outcome: Stock market did not bulge despite 50 bps rate hike Highlights of RBI MPC outcome: Stock market did not bulge despite 50 bps rate hike

Highlights of RBI MPC outcome: Stock market did not bulge despite 50 bps rate hike

RBI Governor said that the depreciation has happened in an orderly manner. It was largely due to the strengthening of the US dollar but the rupee has flared well against its peer Asian currencies.

Rohit Kale 0 495 Article rating: 5.0

RBI Governor stated that despite a fall in crude oil prices and commodity prices, inflation is at an uncomfortably high level. However, the domestic activity has been resilient while PMI in July is at an eight-month high. For the next financial year, RBI retains its CPI forecast at 6.7 per cent.

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