 "Markets at day's high; European shares firm")
Markets edged higher in the afternoon session tracking firm opening in the European shares after mixed messages from the minutes of the Federal Reserve's July policy meeting.
Investor sentiments, however, remained frail after rupee fell to a yet another life-low of 65 against US dollar.
At 1PM, 30-share Sensex was up 303 points to trade at 18,200 and the 50-share Nifty rose 63 points at 5,385 levels.
The market breadth was negative. Out of 2,028 stocks traded, 968 stocks declined while 924 stocks advanced on the BSE.
RUPEE
Despite recent measures from the central bank and the government to defend it, the rupee on Thursday opened lower against the dollar. The partially convertible currency traded at 65.23 from previous close of 64.11 against the dollar in early trades on the Interbank Foreign Exchange market.
GLOBAL MARKETS
Asian stocks fell, with the regional gauge headed for its longest losing streak since November, after Federal Reserve minutes showed officials support stimulus cuts this year if the U.S. economy improves. Shares pared losses after a preliminary report showed China’s manufacturing unexpectedly expanded this month.
Japan’s Nikkei was down 0.4% to 13,365, Singapore’s Straits Times fell 1% to 3,073, China’s Shanghai Composite index was tad up 0.2% at 2,067 while Hong Kong’s Hang Seng shed 0.3% to 21,752 today.
European markets, however, opened higher. France's CAC rose 0.5% to 4,035, Germany's DAX gained 0.4% to 8,321 while UK’s FTSE was up 0.5% to 6,421.
STOCK MOVERS
Domestically, barring realty and banking indices, rest all gained with PSU, oil and gas, metal and IT indices leading rise on the BSE.
The gainers included counters such as Tata Steel rising 7%, ONGC gained 5.3%, Sterlite Industries rose 5%, Hindalco Industries added 4% on the BSE.
The laggards were SBI and ICICI Bank declining 1% each, M&M declined 2%, Hero MotoCorp fell 1.2% on the BSE.
Banking shares mainly private sector are under pressure in early noon deals after the rupee crosses 65 mark against US dollar.
YES Bank, Federal Bank, ICICI Bank, HDFC Bank, IndusInd Bank and Axis Bank are down in the range of 3-8% on the Bombay Stock Exchange (BSE). Dena Bank, Uco Bank, Syndicate Bank and State Bank of India from public sector are down 1% each.
ITC has dipped nearly 3% at Rs 291, extending its 10% fall in past one week, on the National Stock Exchange (NSE).
According to information filed with the stock exchange, Y C Deveshwar, chairman and wholetime director of the cigarette major, has sold nearly 190,000 equity shares of the company for Rs 6.36 crore through open market transaction.
Investor sentiments, however, remained frail after rupee fell to a yet another life-low of 65 against US dollar.
At 1PM, 30-share Sensex was up 303 points to trade at 18,200 and the 50-share Nifty rose 63 points at 5,385 levels.
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The broader markets fell with mid-caps and small-caps down by 0.1 per cent on the BSE.
The market breadth was negative. Out of 2,028 stocks traded, 968 stocks declined while 924 stocks advanced on the BSE.
RUPEE
Despite recent measures from the central bank and the government to defend it, the rupee on Thursday opened lower against the dollar. The partially convertible currency traded at 65.23 from previous close of 64.11 against the dollar in early trades on the Interbank Foreign Exchange market.
GLOBAL MARKETS
Asian stocks fell, with the regional gauge headed for its longest losing streak since November, after Federal Reserve minutes showed officials support stimulus cuts this year if the U.S. economy improves. Shares pared losses after a preliminary report showed China’s manufacturing unexpectedly expanded this month.
Japan’s Nikkei was down 0.4% to 13,365, Singapore’s Straits Times fell 1% to 3,073, China’s Shanghai Composite index was tad up 0.2% at 2,067 while Hong Kong’s Hang Seng shed 0.3% to 21,752 today.
European markets, however, opened higher. France's CAC rose 0.5% to 4,035, Germany's DAX gained 0.4% to 8,321 while UK’s FTSE was up 0.5% to 6,421.
STOCK MOVERS
Domestically, barring realty and banking indices, rest all gained with PSU, oil and gas, metal and IT indices leading rise on the BSE.
The gainers included counters such as Tata Steel rising 7%, ONGC gained 5.3%, Sterlite Industries rose 5%, Hindalco Industries added 4% on the BSE.
The laggards were SBI and ICICI Bank declining 1% each, M&M declined 2%, Hero MotoCorp fell 1.2% on the BSE.
Banking shares mainly private sector are under pressure in early noon deals after the rupee crosses 65 mark against US dollar.
YES Bank, Federal Bank, ICICI Bank, HDFC Bank, IndusInd Bank and Axis Bank are down in the range of 3-8% on the Bombay Stock Exchange (BSE). Dena Bank, Uco Bank, Syndicate Bank and State Bank of India from public sector are down 1% each.
ITC has dipped nearly 3% at Rs 291, extending its 10% fall in past one week, on the National Stock Exchange (NSE).
According to information filed with the stock exchange, Y C Deveshwar, chairman and wholetime director of the cigarette major, has sold nearly 190,000 equity shares of the company for Rs 6.36 crore through open market transaction.