As dollar is weak today and rupee is strong, it may affect gold in MCX. Gold may open gap down today. Gold was trading in a flow with dollar, so strong rupee may affect it.
MoneyBuiz
Wednesday, 28 August 2013
$ (dollar) is at 67.05 in rupee
Today dollar has made day low of 67.05 till 9.40 am. After a big rally and records rupee is now getting strong today. It is a good sign because of which sensex is trading in green.
Sensex & Nifty took U-Turn
Sensex and Nifty which were trading with a big fall of around 600 points and 150 points respectively tooks U turn and recovers almost fully at the last hour of today's session. Sensex closed with positive 24 points and Nifty closed almost flat.
Tuesday, 27 August 2013
TCS touched 1942 level - 52 week high
Today TCS touched 1942 level which is its 52 weeks high. It starts with the negative opening in the morning turns into positive phase later in the day.
Open price 1830
Previous close 1837.05
Open price 1830
Previous close 1837.05
Rupee falls to 66 against the Dollar
Indian rupee today breached the 66-mark against the US dollar for the first time in history during the mid session. A strong US currency overseas and capital outflow also weighed down the rupee, pulling it to the lowest it has ever been, against the dollar.
Indian finance minister told to Rajya Sabha that rupee will find its appropriate level. "There are not just external factors, there are also domestic factors. We recognise there are domestic factors. One of the domestic factors is that we allowed the fiscal deficit to be breached and we allowed current account deficit to swell because of certain decisions that we took during the period 2009 to 2011," he said.
Indian finance minister told to Rajya Sabha that rupee will find its appropriate level. "There are not just external factors, there are also domestic factors. We recognise there are domestic factors. One of the domestic factors is that we allowed the fiscal deficit to be breached and we allowed current account deficit to swell because of certain decisions that we took during the period 2009 to 2011," he said.
Sensex breaks 18000
Today sensex has break the 18000 level and it has been closed below it.
Nifty also has been closed below 5300.
Nifty also has been closed below 5300.
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