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Indian rupee strengthened Against the US dollar

Indian rupee strengthened Against the US dollar

The Indian rupee on Thursday strengthened against the US dollar tracking gains in the Asian currencies markets after US Federal Reserve minutes signalled a moderate pace in rate hikes.The rupee opened at 64.56 a dollar. At 9.15am, the rupee was trading at 64.51, up 0.34% from its Wednesday’s close of 64.73. The benchmark Sensex index rose 0.18% or 53.74 points to 30,355.38. So far this year, it has gained 14%. So far this year, the rupee has gained 5%, while foreign investors bought $7.78 billion and $10 billion in local equity and debt markets, respectively. Asian currencies were trading higher. South Korean won was up 0.78%, Malaysian ringgit 0.33%, Taiwan dollar 0.32%, China renminbi 0.3%, Thai baht 0.22%, Indonesian rupiah 0.17%, Philippines peso 0.14%, China offshore 0.11% and Singapore dollar 0.08%. However, Japanese yen was down 0.11%. The dollar index, which measures the US currency’s strength against major currencies, was trading at 96.936, down 0.31% from its previous close of...
Commodity Market important Updates for 25 May 2017

Commodity Market important Updates for 25 May 2017

Jeera trading range for the day is 17225-18225.Jeera prices ended with losses amid low domestic and exports demand at the spot market.The arrivals have now slowed downward in the physical market but the trade has been slow down. NCDEX recognised warehouses jeera stocks gained by 240 tonnes to 1833 tonnes.In Unjha, a key spot market in Gujarat, jeera edged down by -33.35 Rupees to end at 18266.65 Rupees per 100 kg. Turmeric trading range for the day is 5120-5552.Turmeric prices ended with losses amid weakness in spot demand due to supply pressure.At Nizamabad market, sources reported arrivals at 5000 quintals, down by 3000 quintals as against previous day.NCDEX accredited warehouses turmeric stocks gained by 30 tonnes to 6667 tonnes.In Nizamabad, a major spot market in AP, the price ended at 5471.45 Rupees dropped -66.05 Rupees. Soyabean trading range for the day is 2687-2803.Soyabean prices dropped due to reports of higher stocks of soybean with farmers and traders.Indias 2016-17 soybean sowing stood at 11.47 million hectare which resulted in output of 10.5 million tons of the seed.NCDEX accredited warehouses soyabean stocks dropped by 3092 tonnes to 112893 tonnes.At the Indore spot market in top producer MP, soybean dropped -32 Rupees to 2952 Rupees per 100 kgs. Menthaoil trading range for the day is 931.5-978.3.Mentha oil spot at Sambhal closed at 1057.20 per 1kg. Spot prices was up by Rs.1.90-.Mentha oil prices ended with gains amid rising demand in the domestic spot market.Further, tight stocks position following restricted arrivals from major producing belts of Chandausi in Uttar Pradesh, too supported prices.As on now stock positions of Mentha in MCX accredited warehouses...
Top Stocks to be Focused for 25 May 2017

Top Stocks to be Focused for 25 May 2017

Mahindra & Mahindra: Stepping up its investment in electric vehicles, Mahindra & Mahindra on Wednesday announced the setting up of a new facility to make battery packs to power e-vehicles. Once completed, the plant at Chakan in Pune will help boost the company’s production of battery packs ten times from now. Bharti AirtelBSE 0.08 %, Idea Cellular : The regulator rejected the telecom department’s call to reconsider its recommendation of fines worth Rs 3,050 crore on Bharti Airtel, Vodafone India and Idea CellularBSE 0.13 % for not providing adequate points of interconnect (PoIs) to Reliance Jio while stressing that it has the powers to suggest penal action on erring telcos in view of the larger public interest. Earnings today: ArchiesBSE -0.53 %, Ashok LeylandBSE -0.12 %, Bajaj Hindusthan Sugar, Bosch, Butterfly Gandhimathi Appliances, CiplaBSE -0.89 %, Concor, GSPL, Indian Oil CorporationBSE 0.26 %, NMDCBSE 0.09 %, Timex, Va Tech WabagBSE 1.10 % and VST TillersBSE 2.89 % will announce their financial results for the quarter ended March 31, 2017 on Thursday. Bharat Financial: Global brokerage house Credit Suisse upgraded Bharat Financial to ‘Outperform’ from ‘Neutral’ and also raised the target price to Rs 800 from Rs 760. Adani Enterprises: The flagship firm of Adani Group on Wednesday posted a 60 per cent jump in its consolidated net profit to Rs 221 crore for the fourth quarter ended March on the back of higher contribution from coal trading. Johnson Controls-Hitachi Air Conditioning: The company will develop and manufacture air-conditioners in India for sale in markets in the Middle East and South East Asia, expecting operations in the country to become...
Stock Market Headlines for 25 May 2017

Stock Market Headlines for 25 May 2017

Market Live: Sensex, Nifty open in the green, midcaps gain; pharma stocks tank Trade Setup for Thursday: Top 10 things you should know FII betting on leverage play! Top 10 stocks which have given up to 120% return in last 1 year Any dips towards 9,300 is a buying opportunity; 4 stocks which can give up to 21% return Wall Street rises, dollar falls on Fed minutes; oil retreats Asian shares firm, dollar and US bond yields slip after Fed Credit Suisse upgrades Bharat Financial to outperform, upgrades target price to Rs800 Stocks in the news: IOC, Cipla, Max Financial, Lupin, Dish TV, Jain Irrigation Investors are turning away from gold and realty to invest into equities: HDFC AMC Adani Ports’ Q4 net rises 29% to Rs 1,164 crore, EBITDA margin up at 69.1% Bull’s Eye: Buy HPCL, Godrej Industries, Castrol; sell Dabur, Shriram Transport Buy, Sell, Hold: Analysts are tracking these 5 stocks today Lupin slips over 7%, hits fresh 52-week low; CLSA downgrades cuts target price Bad loan classification: Videocon continues to bleed as its lower circuit again US FDA accepts application for psoriasis drug: Sun Pharma Public sector banks step up efforts to sell non-core assets Tata Motors cuts up to 1,500 managerial...
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