The Indian rupee paired its initial gains and settled 1 paisa lower at 83.44 (provisional) against the US dollar on Wednesday in line with the domestic equity markets that turned choppy at the fag-end of the session. The Nifty50 and Sensex both hit fresh record highs for the fourth consecutive session before ending on a flat note. The 30-share Sensex ended the session up 36.45 points at 77,337.59 while the broader NSE Nifty index finished down 41.90 points, or 0.18 percent, at 23,516. At the interbank foreign exchange market, the local unit opened strong at 83.39 and moved in the range of 83.34 and 83.48 against the greenback during the session. The local unit finally settled at 83.44 (provisional) against the American currency, registering a loss of 1 paisa from previous closing level. Meanwhile, the dollar wobbled and Treasury yields rose amid signs that U.S. economic activity remained lackluster in the second quarter.
Posts in category Business Standard
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Axis Bank hits lfie high on plans to acquire additional stake in Max Life for Rs 336 cr (19-06-2024)
Axis bank added 2.94% to Rs 1,226.25 after the bank announced its decision to increase its stake in Max Life Insurance by acquiring additional equity worth Rs 336 crore.
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NSE India VIX rallied 5.76% to 13.71.
Indus Towers ends lower after multiple block deals; Bharti Airtel acquires over 2.69 crore shares (19-06-2024)
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Market hits fresh life high; Nifty settles below 23,550; VIX jumps 5.76% (19-06-2024)
As per provisional closing data, the barometer index, the S&P BSE Sensex was up 36.45 points or 0.05% to 77,337.59. The Nifty 50 index lost 36.30 points or 0.15% to 23,521.60.