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Rupee Vs Dollar Today: Rupee settled flat against the dollar for the second straight session After registering marginal gains in early trade, the rupee settled flat against the US dollar on Thursday, February 4, at 72.96 (provisional) for the second consecutive day, even as the domestic equity markets scaled fresh highs. At the interbank foreign exchange market, the domestic unit opened at 72.92 against the dollar and registered an intra-day high of 72.90. It witnessed a low of 72.96. In an early trade session, the local unit rose marginally by six paise to 72.90 against the greenback. T...

NEW DELHI: The bulls continued to build long positions, as Nifty on Tuesday tested the all-time high the index had recorded last month and in the process formed another big bullish candle. Analysts believe the 14,750 level will now be crucial in deciding which way the index moves. The 50-pack witnessed continuation of the positive momentum and opened with a significant gap on the upside. It went on to test the all-time high of 14,753, but closed at 14,647, registering a gain of 366.65 points. “Once the high gets taken out, the index can head towards 15,000 level in the short term. On the do...

After The Bell: Sensex reclaims 50,000, what should investors do on Wednesday? Traders & investors need to keep the last stop loss at 14100/48400. We need to be defensive as the market approaches previous highs and the focus should be on pharmaceuticals and FMCG stocks. February 02, 2021 / 05:23 PM IST Bulls remained in control of D-Street for the second consecutive day in a row on February 2 pushing the S&P BSE Sensex above 50,000 while the Nifty50 also reclaimed 14700. Both indices witnessed profit-taking towards the close of the trade. The S&P BSE Sensex rose 1197 points to 49,797 whi...

Union Budget to play vital role in deciding market direction, say experts The market is likely to remain highly volatile amid Union Budget and the ongoing earning season, say experts. If the Budget fails to meet expectations, which are running high, markets can slide further. February 01, 2021 / 07:40 AM IST The market witnessed selling pressure for six consecutive sessions, with the benchmark indices losing over a percent each in the week gone by. The BSE Sensex slipped 2,592.77 points, or 5.3 percent, to end at 46,285.77 and the Nifty50 fell 737.3 points or 5 percent to finish at ...

After The Bell: Investors wealth rises by over Rs 6 lakh crore, what should investors do after huge Budget Day rally? Experts are of the view that the market entered the Budget day with caution but a pro-growth Budget and no new taxes fuelled a risk-on rally. February 01, 2021 / 05:42 PM IST Finance Minister Nirmala Sitharaman delivered what she promised—"a Budget like never before". The Street responded with equal enthusiasm as the bulls pushed the S&P BSE Sensex higher by over 2,300 points, Nifty50 above 14,200 levels, and NiftyBank to a record high. The market recorded the best Budge...