News: Stories

It was a rather dull day for Dalal Street today. Key indices managed to emerge from the red, but ended the day on a flattish note.

Watch out for Crompton Greaves in trade today. The stock is at a three-year low and the company will be declaring earnings today.

The market has mostly been losing in the last one week, but has seen a buying pattern reversal in derivatives.

Indian indices, like the rupee, trended lower and ended near their days low yesterday. A sharp plunge in rupee to record low cost the top stock exchange NSE its trillion-dollar market capitalisation tag, while BSE managed to hold onto this status just by a whisker.

The bourses extended their previous session’s losses and ended deep in red. At the end of day, the Bombay Stock Exchange’s sensitive index lost 78.31 points or 0.49%, from the previous close and shut at 15,948.10. The National Stock Exchange’s Nifty pulled down shutter at 4,835.65, lower by 24.85 points or 0.51%.

SGX Nifty today is showing recovery, but what's the indication from the derivatives side of trade for today?

Post a steady session above the equator in early trade, the bourses clung onto the depreciating rupee and took a deep plunge in red. Losing double of its morning gains, the gauges ended trade in red today. The Bombay Stock Exchange’s Sensex ended at 16,026.41, down 156.85 points or 0.97%, from the previous close. The National Stock Exchange’s Nifty shut at 4,860.50, down 45.55 points or 0.93%.

The benchmark indices today started off trade on a strong note, but triggered by rapidly declining rupee, the bourses pared most of the early gains and ended near intraday lows, though in green.

In a positive close for the week, the benchmark indices ended day in green today near the day’s high. The Bombay Stock Exchange’s Sensex ended at 16,152.75, up 82.27 points or 0.51%, from the previous close. The National Stock Exchange’s Nifty shut at 4,891.45, up 21.25 points or 0.44%.

Apart from equities, risk aversion is evident in the global currency markets as well. In addition to concerns over weakening euro, back home it is a tough time for India Inc as the rupee has also hit a new record low.