Closing Bell: Sensex plunges 792 pts, rupee hits 74/$ as RBI holds rates; Infosys, TCS up

The MPC’s decision to stand pat is a clear signal that inflation remains the anchor of monetary policy. Interest rates will not be used to manage the currency, but the MPC will respond to the inflationary consequences of depreciation. Currently, although higher oil prices and a weaker currency...

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MCX SUPPORT & RESISTANCE LEVEL

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INTERNATIONAL MARKET UPDATE (05 Oct 2018)

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Sensex sinks 900 pts; rupee hits 74/$ for first time as RBI holds rates

The market is not showing any sign of recovery as it has been falling sharply for third consecutive session. The 30-share BSE Sensex fell 465.99 points or 1.32 percent to 34,703.17, taking total fall to more than 4,000 points from its record high touched on August 28. The 50-share...

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Indian rupee recovers from record low of 73.81 per dollar

The Indian rupee seen some recovery after it slipped to a fresh record low of 73.81 per dollar on the back of rising global oil prices, and concerns over current account deficit and capital outflows. Rupee recovered 18 paise from its all-time low of 73.81 per dollar, while it is trading lower...

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Closing Bell: Bloodbath on Dalal Street; Sensex plunges 806 pts, Nifty ends tad below 10,600

Eicher Motors, Hero MotoCorp and Reliance Industries were the biggest losers among Nifty50 stocks, sinking 6-9 percent. Benchmark indices closed sharply lower on Wednesday with the Sensex losing 806.47 points or 2.24 percent to 35,169.16 as all sectoral indices ended in the red. The 50-share...

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MCX SUPPORT & RESISTANCE LEVEL (4 OCT 2018)

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