The rupee rises to as high as 60.51, its highest since April 21, after a large infrastructure development company was spotted selling dollars, reports Reuters. The rupee was last trading at 60.58/59, compared with its close of 60.60/61 on Friday after earlier falling to as low as 60.7450.
12:29
Moneycontrol BureauLive Market Commentary The market continues to be flat with no specific triggers seen today. The Sensex is down 29.42 points at 22658.65, and the Nifty is down 15.00 points at 6767.75. About 1151 shares have advanced, 1168 shares declined, and 117 shares are unchanged.
The rupee rises to as high as 60.51, its highest since April 21, after a large infrastructure development company was spotted selling dollars, reports Reuters. The rupee was last trading at 60.58/59, compared with its close of 60.60/61 on Friday after earlier falling to as low as 60.7450.
The infrastructure developer was seen selling dollars for a second straight session, traders said. Further gains in the pair is likely to be limited ahead of the US Federal Reserve's two-day policy meet beginning Tuesday.
Back home, Cipla, Dr Reddy's Labs, Sun Pharma, Wipro and Sesa Sterlite are big gainers in the Sensex. Among the losers are GAIL, BHEL, Hero MotoCorp, Coal Indi and HUL. Mid and small cap stocks are in focus today. DB Realty is down 5 percent after the company was named in chargesheet filed by the enforcement directorate filed in the 2G case.
HUL is also weak ahead of announcing its March quarter earnings today.
11:30
Pharma stocks are outperforming the market as buying is seen in Cipla, Sun Pharma and Dr Reddy's Labs. Sesa Sterlite and Tata Power are other gainers in the Sensex. Among the losers are GAIL, Coal India, Tata Motors, BHEL and L&T.
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10:01
Metals and pharma stocks are lending support to the indices while Sun Pharma, Dr reddy's Labs, Sesa Sterlite, Tata Power and Hindalco are top gainers in the Sensex. Among the losers are Bharti Airtel, Tata Motors, BHEL, HDFC and Coal India.
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09:15
GAIL, Axis Bank, Dr Reddy's Labs, ITC and Sesa Sterlite are among the gainers in the Sensex. The early losers include M&M, Tata Power, Coal India, NTPC and ONGC.
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