ANI
30 Jun 2022, 15:03 GMT+10
New Delhi [India], June 30 (ANI): Domestic equity indices traded marginally higher in the morning session on Thursday.
Other major Asian markets are, however, trading in the red in the early Thursday trade, said Mohit Nigam, Head - PMS at Hem Securities.
At 9.42 a.m, Sensex was at 53,334.05 points, up 307.08 points, or 0.58 per cent, whereas Nifty was at 15,871.90 points, up 72.80 points or 0.46 per cent.
Among the individual stocks, SBI, Axis Bank, Tata Motors, Tata Steel and Kotak Mahindra Bank were the top five gainers among the Nifty 50 companies, while Cipla, ONGC, Tata Consumers, Coal India, and Shree Cement the top five losers, National Stock Exchange data showed.
Domestic equity indices have been witnessing high volatility due to consistent depreciation of rupee, foreign fund outflows, prevailing inflation concerns, among others. Indian currency rupee has been consistently hitting fresh all-time lows.
"While our FX reserves have depleted by around $10bln in June, indicating that the RBI is proactively expending reserves to stem the sharp fall in the domestic currency, we still fare well in terms of import cover and other short-term debt obligations. However, RBI is opting for other measures too such as tightening monetary policy, which may arrest the rupee weakness," said Sugandha Sachdeva, Vice President - Commodity and Currency Research at Religare Broking.
The renewed rise in global crude oil prices too have a negative bearing on the market sentiments. The domestic indices declined during the majority of the sessions in June. (ANI)
Get a daily dose of Broadcast Communications news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.
More InformationISTANBUL, Turkey: Turkey's current accounts are expected to record a deficit of $3.4 billion in June and end the year ...
SYDNEY, NSW, Australia - Stocks in Asia were mixed Tuesday while in the Pacific, markets rose. The scene mirrored events ...
DHAKA, Bangladesh: Bangladesh raised fuel prices by some 50 percent this week, which is aimed at reducing the country's subsidy ...
NEW YORK, New York - U.S. stocks closed mixed on Monday as investors fret about CPI data due to be ...
NEW YORK CITY, New York: Amazon announced this week that it had purchased robotic vacuum maker iRobot for approximately $1.7 ...
RICHMOND, Virginia: Dominion Energy Virginia has received state approval to build an enormous offshore wind farm off the coast of ...
SOLOMON ISLANDS: In a move that opponents said is aimed at controlling and censoring the media, the government of the ...
Islamabad [Pakistan], August 8 (ANI): Senior leader of Pakistan Muslim League-Nawaz (PML-N), Uzma Bukhari on Sunday said that former Pakistan ...
Islamabad [Pakistan], August 7 (ANI): Pakistan's Minister for Information and Broadcasting Marriyum Aurangzeb on Saturday accused former Prime Minister Imran ...
Vin Scully, who died on Aug. 2, 2022, is widely viewed as the greatest baseball announcer of all time. But ...
New Delhi [India], August 6 (ANI): On the third death anniversary of former External Affairs Minister Sushma Swaraj, her successor ...
BLANTYRE, MALAWI - Malawian state prosecutors have added charges against a Chinese national who was already facing five counts for ...