The rupee is slipping taking cues from the euro and most Asian currencies that weakened against the US dollar post Fed comments.
The sharemarket continues to reel under selling pressure. The Sensex is down 51.04 points at 20800.29, and the Nifty is down 17.90 points at 6193.25. About 1153 shares have advanced, 633 shares declined, and 511 shares are unchanged.The rupee is slipping taking cues from the euro and most Asian currencies that weakened against the US dollar post Fed comments.
Government bond prices were up on positive sentiment following strong demand at Friday’s auction, and as comfortable liquidity also supported prices, dealers said.Dollar index held steady today close to two week highs it hit last week. Euro traded at 1.35 with the yen at 105. The US 10 year treasury traded at 3 percent on Friday.
Brent crude remained largely at the same level of USD 107 per barrel. Libya restarted oil production at its key field ending a two-month blockade.
Asia is lower today as the Nikkei reopens after a weeklong holiday sharply lower on profit taking and a strong yen. Shanghai slips post disappointing December HSBC services PMI data.
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BSE Sensex, Nifty weak; SBI falls 1%, smallcaps shine
The rupee is slipping taking cues from the euro and most Asian currencies that weakened against the US dollar post Fed comments.
The sharemarket continues to reel under selling pressure. The Sensex is down 51.04 points at 20800.29, and the Nifty is down 17.90 points at 6193.25. About 1153 shares have advanced, 633 shares declined, and 511 shares are unchanged.The rupee is slipping taking cues from the euro and most Asian currencies that weakened against the US dollar post Fed comments.
Government bond prices were up on positive sentiment following strong demand at Friday’s auction, and as comfortable liquidity also supported prices, dealers said.Dollar index held steady today close to two week highs it hit last week. Euro traded at 1.35 with the yen at 105. The US 10 year treasury traded at 3 percent on Friday.
Brent crude remained largely at the same level of USD 107 per barrel. Libya restarted oil production at its key field ending a two-month blockade.
Asia is lower today as the Nikkei reopens after a weeklong holiday sharply lower on profit taking and a strong yen. Shanghai slips post disappointing December HSBC services PMI data.
Categories: BSE and NSE, BSE Sensex, BSE Sensex flat, Derivatives, free online Market Commentary
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