Zee Meida Bureau


COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Mumbai: Top stock exchanges BSE and NSE, as also forex, money, bullion and oilseeds markets are closed on Wednesday on account of "Gurunanak Jayanti".


Also read: MFs see strong inflows despite negative market sentiment:BofA


Markets ended in the red for the second straight day yesterday as the benchmark BSE Sensex slipped by about 44 points to end at 25,775.74 on offloading of positions by participants amid a mixed trend in Asia and a lower opening in Europe.


Also read: Bourses to launch new govt bond futures on Friday


Besides, caution before the expiry of November series contracts in the derivatives segment on Thursday had a bearing on mood.


Meanwhile the rupee rose by 15 paise to end at 66.32 against the US dollar on fresh selling of the American currency by banks and exporters on the back of lower greenback in overseas markets.


Also read: Govt bonds oversubscribed, FPIs put in bids worth Rs 521 crore


The local currency opened higher at 66.37 as against yesterday's level of 66.47 at the Interbank Foreign Exchange (Forex) market and firmed up further to 66.3150 before ending at 66.32, showing a gain of 15 paise or 0.23 percent.


The rupee had dropped by 29 paise, or 0.44 percent, in previous two days.