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Image used for representative purpose only. | Photo Credit: REUTERS The rupee appreciated 3 paise to settle at 83.43 (provisional) against the U.S. dollar on Friday, tracking a weak American currency and retreating crude oil prices. Forex traders said a massive selling in the domestic equity market and outflow of foreign funds capped the gains…
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Equity benchmark indices Sensex and Nifty faced heavy volatility on April 18 and ended lower, taking their losing streak to the fourth straight session, dragged by bank stocks and foreign fund outflows. Concerns over fading rate cut hopes and persisting FII fund exodus from domestic equities also dampened investors’ sentiment. The 30-share BSE Sensex declined…
Read More “Markets face heavy fluctuations; settle lower taking downtrend to 4th day” »
Benchmark equity indices Sensex and Nifty closed higher for the third straight session on Friday, following gains in index majors L&T, ITC and Maruti and a record rally in the U.S. markets after the Federal Reserve indicated three rate cuts this year. After falling in early trade, markets staged a smart recovery. The 30-share BSE…
Read More “Stock markets rise for 3rd session; Sensex gains 190 points” »
