Mumbai, Dec 19: The rupee gained 6 paise to settle at 82.69 (provisional) against the US dollar on Monday as robust buying in the domestic equities and a weak American currency against key crosses overseas boosted investor sentiments.
However, fresh foreign capital outflows and rising crude prices restricted the rupee’s rise, forex dealers said.
At the interbank forex market, the local unit opened weak at 82.80 against the greenback and witnessed an intra-day high of 82.57 and a low of 82.80.
It finally ended at 82.69 against the American currency, registering a rise of 6 paise over its previous close of 82.75.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, declined 0.44 per cent to 104.24.
On the domestic equity market front, the BSE Sensex ended 468.38 points or 0.76 per cent higher at 61,806.19, while the broader NSE Nifty advanced 151.45 points or 0.83 per cent to 18,420.45.
Brent crude futures, the global oil benchmark, advanced 1.10 per cent to USD 79.91 per barrel.
Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Friday as they offloaded shares worth Rs 1,975.44 crore, according to exchange data.
After investing over Rs 36,200 crore last month, foreign investors continued their positive momentum and have injected a net Rs 10,555 crore in Indian equities so far in December amid stabilisation in oil prices and moderating US inflation.
Going forward, FPI flows are expected to be volatile amid equity markets worldwide witnessing an increase in volatility as global central banks reiterate their intent to keep policy rates high for an extended period to curb elevated inflation in their respective economies, said Shrikant Chouhan, head of equity research, (retail), Kotak Securities Ltd. (AGENCIES)
BIZ-STOCKS-CLOSE
Sensex, Nifty climb nearly 1 pc after two sessions of fall
Mumbai, Dec 19:
Key stock indices Sensex and Nifty closed nearly 1 per cent higher on Monday following heavy buying in banking, oil and FMCG shares after two sessions of losses.
Benchmark Sensex jumped 468.38 points or 0.76 per cent to settle at 61,806.19. During the day, it advanced 507.11 points or 0.82 per cent to a high of 61,844.92.
The broader NSE Nifty climbed 151.45 points or 0.83 per cent to end at 18,420.45.
From the Sensex pack, Mahindra & Mahindra, Power Grid, Bharti Airtel, Bajaj Finserv, HDFC, Hindustan Unilever, Maruti, ITC, Titan, Nestle, Bajaj Finance and Reliance Industries were the major winners.
Tata Consultancy Services, Infosys, Tata Motors and IndusInd Bank were among the laggards.
Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong ended lower.
Equity exchanges in Europe were trading in the green in mid-session deals. The US markets had ended lower on Friday.
International oil benchmark Brent crude climbed 1.15 per cent to USD 79.95 per barrel.
Foreign institutional investors (FIIs) offloaded shares worth Rs 1,975.44 crore on Friday, according to exchange data. (AGENCIES)
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BIZ-GOLD-PRICE
Gold gains Rs 231; silver climbs Rs 784
New Delhi, Dec 19:
Gold price rose Rs 231 to Rs 54,652 per 10 gram in the national capital on Monday amid strong global trends, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 54,421 per 10 gram.
Silver also climbed Rs 784 to Rs 68,255 per kilogram.
“Gold prices traded higher in the Asian trading hours. Comex gold prices are trading up by 0.32 per cent at USD 1,795 per ounce,” said Dilip Parmar, Research Analyst at HDFC Securities.
In the international market, gold was trading higher at USD 1,795.8 per ounce while silver was up at USD 23.30 per ounce. (AGENCIES)
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