Sensex and Nifty missed early earnings.
- The Sensex won some momentum in the early midday industry, with Sensex raising around 170 points and Nifty trading over 10,600 marks. The earnings were led by banking, auto and IT stocks in connection with a new foreign fund and reducing global raw prices. Higher and mixed leaders of other Asian markets also influenced the feeling. A feeling was turning positively after foreign investors pumped fresh money into the market and global crude prices spread further, traders said. Foreign institutional investors (FII) bought net worth $ 277.38 worth of shares, while domestic institutional investors (DIIs) sold shares to the skin tone of Rs 272.34 on Wednesday, provisional data showed.The fault was further strengthened to 72.15 against the dollar in the forex market. Among those who won was Adani Ports, Tata Motors, Hero MotoCorp, Infosys, Kotak Mahindra Bank and Asis Bank. Your bank was the highest loser, down about 7%.During the night, the US Dow Jones Industrial Average has lost 0.81% in continuing concerns over trade, politics and economic growth.
11:41 AM IST Ujjivan Financial Services swing for profit, jump sharesUjjivan Financial Services Contributions, the holding company and promoter of its subsidiary bank 100% Ujjivan, 7% today dropped to 233 pounds. The company issued a net profit of Rs 44.3 crore at C2, against a net loss of 12 crore in the same last year's period.
9:40 AM IST The Rupee strengthens for the third dayIndian gifts were strengthened for a third consecutive session against the US dollar on Thursday, courtesy earnings in Asian currency and losing crude oil prices. At 9.15am, the domestic currency was trading at 72.06 per dollar, up 0.38% off Wednesday on 72.31. The money was opened at 72.06 per dollar. The 10-year government product yield was 7.732% of a previous round of 7.733%. The product of bonds and prices moves to opposite directions.