USD/JPY Price Spikes Up, Showing Exhaustion Signs
The USD/JPY price climbed as high as 153.38 today, marking a fresh high. Now, the pair is trading at 153.23 at the time of writing.
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The USD/JPY price climbed as high as 153.38 today, marking a fresh high. Now, the pair is trading at 153.23 at the time of writing.
Based on the OI percentage, 70 stocks saw long unwinding. These include Tata Chemicals, Hindustan Copper, Ipca Laboratories, BPCL, and Aditya Birla Fashion & Retail.
Indian market closed marginally in the red. S&P BSE Sensex held on to 73000, Nifty50 closed below 22,200. Reliance Industries was up 1%, ICICI Bank hit a record high, and M&M closed at a fresh record high. Buying seen in telecom, capital goods, realty, consumer durables, and industrials. Some selling seen in oil & gas, public sector, and energy stocks.
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Reliance Industries hit a fresh record high and Rs 20 lakh-crore market capitalisation mark in intraday trade. However, the stock pared gains and closed 0.9% higher at Rs 2,928. In the last two weeks alone, the stock's market value has gone up by Rs 1 lakh crore as the Rs 19 lakh-crore level was touched on January 29.