The Troubled Rupee
The rupee slumped to a record low of 59.9850 on Thursday as India's record high current account deficit is exacerbating its vulnerability in an emerging market rout, although interventions by the Reserve Bank of India (RBI) prevented further falls. Full Article
Confused while buying stocks? Get buy, sell or hold recommendations from VantageTrade. Full Coverage
Sensex gains; ONGC, HPCL rise
Reuters Market Eye - The Sensex is up 0.25 percent and the Nifty rises 0.16 percent. Shares in state-run Oil and Natural Gas Corp (ONGC.NS) rose 2 percent a day after its October-December net profit beat market expectations, while Hindustan Petroleum Corp (HPCL.NS) rose 0.6 percent ahead of its October-December results later in the day.
Jindal Steel and Power (JNSP.NS) falls 1.4 percent ahead of its October-December earnings later in the day.
The government will release industrial output data for December around 11 a.m. According to a Reuters' poll of analysts, the worst is probably over for flagging Indian factories and industrial production could grow an annual 1.1 percent in December.
(Reporting by Abhishek Vishnoi)
- Tweet this
- Share this
- Digg this