The
market, which slipped a bit deeper into the red a little past noon, has
recovered some lost ground and is trading flat now. Realty and metal
stocks are weak. Bank and automobile stocks are also quite subdued. Healthcare,
FMCG, capital goods and power stocks are mostly flat.
Select information
technology stocks are trading firm thanks to a weak rupee.
The
Sensex is now down 13.29 points or 0.05% from its previous close. The Nifty is
down 3.30 points or 0.04% at 7530.25.
The rupee
is at a 2-month low against the dollar, trading around 60.35 a dollar.
India's oil explorers gain
India's
crude oil explorers gain, tracking surging oil prices on escalating violence in
Iraq on hopes of margin expansion and inventory gains, investors say.
India cbank steps in to check rupee's
fall
The
Reserve Bank of India was spotted selling dollars around 60.49/50 rupee levels
through state-owned banks to check the rupee's sharp fall, three traders said
on Tuesday.
banking stocks down
Shareholders of YES Bank
have approved the board’s decision to raise $500 million capital to support its
growth plans, the bank said in a notice the stock exchange. Yes Bank is
up 0.49% on BSE.
HDFC (Housing Development Finance Corporation) paid advance tax of Rs. 4.15
billion for the first quarter in the current financial year ending 31 March
2015 as against Rs. 3.6 billion in FY2013-14. The scrip is down 1.71%
on BSE.
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