Thursday, October 3, 2019

Indian Stock Market News & Rupee Update for 03-Oct-2019


Nifty trades below 11,280, Sensex down over 225 pts; rupee opens lower
 

Market update: Indian market benchmarks Sensex and Nifty opened in the red. Sensex declined over 225 points while Nifty traded below 11,280 in early deals. Yes Bank jumped 10 percent higher, but Vedanta declined nearly 3 percent.

Yes Bank shares jumped 20 percent in early trade. The stock had hit its multi-year low in the previous session on the sale of pledged shares.

Gold price today: Gold prices rebounded in futures trade, supported by selloff in equities. Fresh concerns around trade war made investors avoid riskier equities and go for safe-haven assets.

Stocks in the news: Yes Bank, Hero MotoCorp, GMR Infra, Eicher Motors, Tata Motors, M&M, NMDC

Rupee Update: The Indian rupee fell in the early trade on Thursday. It has opened lower by 14 paise at 71.22 per dollar versus Tuesday's close 71.08.


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