Share market tips & updates 17 feb, 2016

Share tips - The broader market traded in line with the benchmark indices with the BSE midcap and smallcap indices trading lower by 0.61 and 0.32 per cent, respectively.

Today, the rupee dropped 18 paise to hit its lowest level to 68.56 against the USDr since Sep 4, 2014, in early trade amid weak cues from Asian currency markets.

Yesterday, the local currency had lost 32 paisa to end near 68.38, after hitting an intraday low of 68.43 against the greenback, as the Reserve Bank of India (RBI) was assumed to have intervened to check the currency's fall. Click for Share tips
 

Most other Asian markets traded mixed. Japan's Nikkei traded down by 0.18 per-cent while the South Korean Kospi was trading with mild gains. Hong Kong's Hang Seng index went up 0.16 per cent. China's CSI300 index was up by 0.25 per-cent.

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Rupee updates : INR went high today 4 Feb, 2016

Today, The INR(rupee) appreciated 26 paise to 67.81 against the US(United States) dollar in early trade on yesterday after Fed comments weak data releases in the United States pushed dollar low against major currencies of world.Click For Options tips

The native currency ended at 68.07, down 9 paise as compared to the greenback on yesterday amid sustained dollar requirement from banks and importers.

President of the Federal Reserve Bank of New York, told that financial conditions are considerably tighter and a weakening overview for the world wide economy would have to be taken into account, while considering further rate hikes.

Most other Asian markets were trading mixed. Japan's Nikkei dived 0.7 per-cent while South Korean Kospi traded high by a per-cent. Hong Kong's Hang Seng index was up 1.56 per-cent. Mainland China's CSI 300 traded higher by 1.6 per-cent.

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