Thursday, October 19, 2017 New York : London: India: Tokyo:

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Indian Latest Market Info

MARKET News

The 30-share BSE Sensex was down 118.70 points at 32,490.46 and the 50-share NSE Nifty fell 47.50 points to 10,187.

The market breadth was negative as about 1,246 shares declined against 1,121 advancing shares on the BSE. Nifty Bank fell 350 points, dragged majorly by Axis Bank that crashed 8 percent after dismal performance in Q2.

In key macro data to watch today, December CPI is seen slightly higher at 5.2 percent due to base effect. However, core CPI is seen around 5.3 percent. November IIP is expected to grow 2.2 percent due to pick in manufacturing and higher working days.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-nifty-flat-infosys-ntpc-mm-early-gainers_1272197.html?utm_source=ref_article
the 30-share benchmark Sensex index erased some of its gains and was trading slightly higher, led by gains in shares of metal, pharma and consumer durable companies.

Read more at:
http://www.livemint.com/Money/7OLPajmWZCzXNZidPn9dWK/Sensex-rises-40-points-metal-stocks-jump.html?utm_source=copy
the 30-share benchmark Sensex index erased some of its gains and was trading slightly higher, led by gains in shares of metal, pharma and consumer durable companies.

Read more at:
http://www.livemint.com/Money/7OLPajmWZCzXNZidPn9dWK/Sensex-rises-40-points-metal-stocks-jump.html?utm_source=copy

RUPEES  News

The Indian rupee recovered slightly in early trades on Wednesday, 18 October 2017 on mild selling of the US currency by exporters, but dropped lower thereafter. Weakness in the dollar against major global currencies overseas as the greenback halted gains on NAFTA trade pact developments, while traders are also expected to cut positions in thin-volume trade ahead of a long weekend which also supported the rupee.

The domestic currency opened at Rs 64.95 against the dollar but fell to a low of 65.03 so far during the day. In the spot currency market, the Indian unit was last seen trading at 65.0225. The rupee had lost 28 paise to close at 65.02 yesterday due to fresh bouts of demand for the greenback amid renewed Fed rate hike fears

The Indian rupee gained in the opening trade. It has rose by 17 paise at 62.15 per dollar against 62.32 Friday.

Read more at: http://www.moneycontrol.com/news/local-markets/sensex-nifty-flat-infosys-ntpc-mm-early-gainers_1272197.html?utm_source=ref_article
Date : 18/10/2017

 

Open

High

Low

Pre. Close

64.91

65.07

64.905

64.91

 

Bond News

The yield on India’s 10-year benchmark bond yield stood at 6.734% & 10-year bond yield at 2.311%
 
The benchmark 10-year Treasury yields 2.311 jumped after Federal Reserve Chair Janet Yellen reaffirmed the central bank's view on gradual interest rate hike and a stronger-than-expected U.S. business conditions index.

Economy News

India on Tuesday imposed anti-dumping duty on imports of certain flat steel products from China and European Union (EU) for five years to guard the interest of domestic players from cheap in-bound shipments.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

																																																								

RBI REFERENCE RATE as on 18/10/2017

Currency Pairs Reference Rate 

INR/1 USD

65.0649

INR/1 EUR0

76.5423

INR/ 100 JAPAN YEN

57.9300

INR/ 1 GBP

85.7425

World Latest Market Info

European Market Update

European Central Bank President Mario Draghi said on Wednesday. “ECB research finds no convincing evidence that high interest rates lead to more reforms,” & “In fact, the opposite is more likely to be true: lower rates tend to promote reforms, since they lead to a better macroeconomic environment.” “With monetary policy being accommodative, we now have a window of opportunity to take these measures,” Draghi added.

US  Market Update

The U.S economy remains strong and the strength of the labor market calls for continued gradual increases in interest rates despite subdued inflation, Federal Reserve Chair Janet Yellen said on Sunday.

Yellen said she expected the U.S. economy to exceed its long-term trend during the second half of the year and repeated the impact of recent hurricanes on the economy should be temporary.

The U.S. central bank voted to hold interest rates steady at its last policy meeting in September. Since then, Yellen has repeatedly acknowledged rising uncertainty on the path of inflation, which has been retreating from the Fed's 2 percent target rate for much of the year.

Currency  Update

The yen gained slightly in early Asia on Wednesday as data on machinery orders provided a lift in sentiment and demand was supported by safe-haven buying linked to increased tensions on the Korean peninsula with Chinese President Xi Jinping holding a telephone call with U.S. President Donald Trump over the issue. 

The People's Bank of China set the yuan mid-point at 6.8940 against the dollar on Wednesday, compared with the previous close of 6.8903.

The Sri Lankan rupee edged down on Wednesday as importer dollar demand and dividend payments outpaced mild inward remittances ahead of the traditional new year holidays, dealers said.

Other Asian Market

Major Asian indexes climbed on Monday as investors await the release of China inflation data. Japan's Nikkei 225 climbed for a ninth straight day, with investors looking to extend gains after the benchmark index touched a fresh 21-year high in the last session. The index was up 0.7 percent.

Ahead, politics will be in focus for Japanese markets as the country gears up for lower house election at the end of the week.

Commodities

Finance Minister Arun Jaitley today launched gold options trading on the leading commodity bourse MCX and said this is one of the steps towards formalising trade in the yellow metal

 

 

 

 

 

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