Thursday, January 2, 2014

Equity Market Tips about Stocks and Rupee News

Indian Rupee Update

Indian rupee was unchanged at 61.90 per dollar in opening trade on Thursday as compared previous day's closing value. The rupee is moving sideways and is expected to continue this trajectory for some more time, till more data cues come in. He expects rupee to trade in the range of 61.50-62.50/dollar for some more time.

Stock in News

Adani Power Ltd slipped as much as 2.6 per cent in trade on Thursday on reports that the oilseeds-to-ports Adani Group has come under the scanner of the country's revenue intelligence agency as well as the Enforcement Directorate. At 09:25 a.m.; Adani Power recouped some of the morning losses and was trading 1.1 per cent lower at Rs 39.10. It has hit a low of Rs 38.50 and a high of Rs 39.30 in trade today.

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