The Indian Rupee beat firmness v/s USD in early trades on Tuesday, 22 August 2017 on bigger selling of the US currency, by exporters and banks. In addition, the weakness of USD against major currencies overseas and a pickup in domestic stocks opening kept the domestic unit in good mood. The Rupee opened at Rs 64.06 against the USD but fell to a low of 64.09 so far during the day. The rupee gained 5.90% while FII’s bought USD 7.35 billion in equity market and USD 19.06 billion in debt markets, so far this year.
Live Market Update: At 12 PM, the BSE Sensex was trading at 31,366 up 107 points, whereas NSE Nifty was alongside at 9,795 up 41 points. A total of 15 stocks hit a fresh 52-week high in trade, while 48 stocks registered a new 52-week low on the NSE.
Rising Stocks: Dr Reddy Laboratories was top gainer in the index trading at Rs 1,975.95share apiece, up by 2.32 percent. In parallel, Lupin and Divi’s Lab are also trading in positive terrain higher by more than 1 percent.
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The BSE benchmark Sensex loses about 230 points and shares of Infosys plunged over 7% after Vishal Sikka resigned as MD and CEO of Infosys.
Meantime, U B Pravin Rao, the present Chief Operating Officer, was appointed as the Interim-MD and Chief Operating Officer of Infosys limited.
The markets also registered intense selling pressure in recent gainers. The Sensex plunged by 207.75 points or 0.65% to 31,587.711 led by IT, teck, bank, healthcare, metal, auto and realty, tumbling up to 2.43%.
Four stocks turn ex-dividend
The stock of Jubilant Food Works, L&T Fin Holdings, InterGlobe Aviation and Kaveri Seed were trading in the negative terrain during the early morning trade on Friday subsequent on their announcement of the dividend.