INSUBCONTINENT EXCLUSIVE:
Rupee Vs Dollar: The local unit closed flat against the US dollar todayAfter a day of registering marginal gains, the rupee settled flat
against the US dollar on Thursday, December 17, just one paisa lower at 73.59 (provisional) amid a stable trend in domestic equity
It witnessed a low of 73.59
However, today in an early trade session, the local unit surged by six paise to 73.52 against the dollar
index, which gauges the greenback's strength against a basket of six currencies, was trading 0.56 per cent lower at 89.94.According to
purchases of longer-dated bonds
According to exchange data, the foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs
''Nifty continues to make new highs
Sectoral rotation is back in limelight
Intraday reversal of momentum in BurgerKing dampened spirits to some extent
Advance decline ratio went into the negative suggesting profit taking by traders
Deepak Jasani, Head of Retail Research, HDFC Securities.''The market witnessed some strong trend and an attempt to overcome the resistance
level around the Nifty 50 Index level of 13750
While sustaining above 13750 is the key factor from a short-term perspective
We suggest maintaining above this level market to gain momentum and to open the gate for a movement till 13990
The momentum indicators like RSI, MACD to stay positive and market breadth to improve, further strengthening the view of a short-term
bullish outlook,'' said Ashis Biswas, Head of Technical Research, CapitalVia Global Research Limited- Investment Advisor.Brent crude