Wednesday, August 17, 2016

Forex (US$/INR) •

Forex (US$/INR) •

The rupee rose against the dollar, in line with its Asian peers, as a spate of disappointing US data weighed on the US dollar •
The dollar index against six major currencies ended at 94.72, down 0.18% from the previous close of 94.79 Equity •

Benchmark

Indices settled marginally lower for a second consecutive session amid choppy trades as weakness in IT heavyweights dampened sentiments
• The Sensex settled at 28005, down 59 points or 0.21% while the Nifty shut shop at 8624, down 18 points or 0.21%
• Broader markets outperformed the benchmarks for a second consecutive session as the BSE midcap and small cap indices gained 0.69% and 0.55%, respectively.  As a result, the market breadth was positive with an A/D ratio of 1.16:1 on the BSE

Commodities Market • Crude oil prices extended gains as Saudi Arabia hinted at talks on stabilising prices in the upcoming Opec meet • Gold prices were ranged as Fed minutes evoked mixed signals on rate hike possibility