Press Esc to close
Monday 16 January 2017
News updated at 10:35 PM IST
Weather
Max: 27.6°C
Min : 15.5°C
In Bengaluru
Sunny day

Weak rupee, US polls keep markets in check, Sensex up 7 points

Mumbai, Nov 5, 2012 (PTI)
A sharp fall in rupee against the dollar and cautious trading in global stocks ahead of the US Presidential polls led to listless trading in Indian markets today with BSE benchmark ending merely 7 points up.

The 30-share Sensex traded in a narrow 110-point range before closing at 18,762.87, up 7.42 points -- extending the recent gains to fourth straight day after it gained 324 points in the last 3 days.

In line with most Asian indices that ended in negative zone, domestic stocks failed to make any sharp gains amid the rupee dropping 1.44 per cent or 77 paise to 54.58 against the US dollar due to heavy dollar demand in afternoon trade.

"Generally it is observed that equity markets fall if dollar rises," said Milan Bavishi, Head Research, Inventure Growth & Securities.

Besides, lack of fresh triggers and cautious trading ahead of a slew of blue chip earnings, including Cipla, also kept investors on sidelines for most of the session today.

The sentiment was also affected by European stocks falling and the euro trading at an almost two-month low on concerns that Greece will struggle to win a bailout, brokers said.

US voters will decide tomorrow between President Barack Obama and Republican challenger Mitt Romney and the results could have have global implications, said analysts.

In Sensex, 12 stocks led by pharma majors Cipla (up 0.87 per cent and Dr Reddys (up 1.36 per cent) led gains. FMCG stocks, led by ITC (1.64 per cent), also closed higher.

Metal and auto stocks came under pressure on selling. Bajaj Auto ended over 2 per cent lower. Besides, two of the most influential stocks -- Reliance Industries declined by 0.35 per cent and Infosys fell by 0.44 per cent.

The NSE 50-share Nifty moved up by 6.50 points or 0.11 per cent to finish at 5,704.20.

 

Go to Top

Photo Gallery
London Olympics bronze medallist grappler Yogeshwar Dutt during his wedding procession at his ...

London Olympics bronze medallist grappler Yogeshwar Dutt during his wedding procession at his ...

German Chancellor Angela Merkel, right, and the Prime Minister of New Zealand Bill English, left ...

German Chancellor Angela Merkel, right, and the Prime Minister of New Zealand Bill English, left ...

In this photo taken Thursday, Dec. 22, 2016, Kenyan artist Evans Yegon displays one of his paintings

In this photo taken Thursday, Dec. 22, 2016, Kenyan artist Evans Yegon displays one of his paintings

BJP President Amit Shah welcomes former Congress leader Yashpal Arya after he was inducted into BJP

BJP President Amit Shah welcomes former Congress leader Yashpal Arya after he was inducted into BJP

People walk under their umbrellas on snow covered road after fresh heavy snowfall in Shimla on ...

People walk under their umbrellas on snow covered road after fresh heavy snowfall in Shimla on ...

A camel performs during the ongoing 24th International Camel Festival in Bikaner on Sunday...

A camel performs during the ongoing 24th International Camel Festival in Bikaner on Sunday...

Art lovers thronging Chitra Santhe organised by Karnataka Chitrakala Parishat on Kumara Krupa...

Art lovers thronging Chitra Santhe organised by Karnataka Chitrakala Parishat on Kumara Krupa...

Large number of art lovers visiting the 14th annual art fair 'Chitra Sante' organized...

Large number of art lovers visiting the 14th annual art fair 'Chitra Sante' organized...

A large number of tourists throng Mysuru Palace as weekend holidays and Mysuru Zoo remain closed...

A large number of tourists throng Mysuru Palace as weekend holidays and Mysuru Zoo remain closed...

People walk on a snow covered road following heavy snowfall at Kandi Area in Budhal, Rajouri...

People walk on a snow covered road following heavy snowfall at Kandi Area in Budhal, Rajouri...

Like us on Facebook

Copyright 2014, The Printers (Mysore) Private Ltd., 75, M.G Road, Post Box 5331, Bengaluru - 560001
Tel: +91 (80) 25880000 Fax No. +91 (80) 25880523