Stock Market News|Tips in India Today|Bank Nifty Tips

JACKPOT CALL TODAY : 

Buy Rel Capital at 448 Stop Loss 443 Target 456.

Major Results Today:

Arvind, Castrol India, Hero MotoCorp, JP Power, Lupin, Rolta India, Sterlite Inds, United Phosp, Yes Bank

Bank Nifty Trading Levels:

Pivot-11549,S1-11478, S2-11349, S3-11278, R1-11678, R2-11748, R3-11873

Rupee Update :-

Rupee edges higher; shares eyed : The rupee rises further to 53.37/38 versus its previous close of 53.47/48. There is strong resistance for the USD/INR pair around the 200 day moving average of 53.20, which would hold the pair in a 53.20 to 53.60 range initially, traders say.

News Update: 

• Sensex is down around 31 points in opening trade; 20 components are in red
• Sensex erases losses, rallies 111 pts
• India cuts tax on rupee infrastructure bonds
• Asian shares edge higher, earnings caution caps
• Kingfisher makes offer to striking workers, Kingfisher shares are down 4.6 pct to 10.35 rupees
• L&T Finance Holdings acquires FamilyCredit Ltd for Rs1.2bn
• General Atlantic to acquire minority stake in e-payment processing company BillDesk

Pre-Market Intraday Calls and Tips on your mobile for Thursday 25 Oct 2012, Fill the form immediately..... Hurry up!!! Have a Happy Trade!!!

Rupee Updates : Rupee at Weakest Level

Rupee falls below 53-per-dollar mark

On Wednesday today 10 Oct 2012 Rupee fell below the 53 mark to hit its weakest level in nearly two weeks, tracking gains in the US dollar as investors reduce their risky bets amid concern about deteriorating global economic backdrop.

The rupee had closed at 52.72/73 to the dollar on Tuesday.

Dollar demand from oil and other importers is also expected to boost the US currency, though some resistance is expected around the psychologically important level of 53.

The euro fell for a third day amid worries that Europe’s failure to resolve its debt crisis is weighing on the region’s economy.

The 17-nation euro slid to its lowest level in one week against the yen.

Spain’s Prime Minister Mariano Rajoy is scheduled to meet French President Francois Hollande today in Paris amid mounting speculation that the Iberian nation will ask for a bailout.

The talks were set to resume this week.

German Chancellor Angela Merkel maintained pressure on Greece to meet austerity pledges, while reiterating her desire to keep the country in the euro.

After meeting Greek Prime Minister Antonis Samaras in Athens yesterday, Merkel told reporters that while “a lot has been done, much remains to be done.”

Copyright : IIFL

Rupee Updates : Indian Stock Market Tips

Rupee Updates for today 24 August 2012 Friday is that the rupee declined by 18 paise to 55.44 against the dollar in early trade on today,  snapping four sessions of gains, at the Interbank Foreign Exchange on fresh demand for the American currency.

A decrease in the price is due to the increased dollar demand from importers, a lower opening in the domestic equity market put pressure on the rupee, forex dealers said.

Also, the BSE benchmark Sensex fell by 88.71 points, or 0.49 per cent, to 17,761.51.

They, however, added that euro's rise against the dollar in the overseas markets capped rupee's losses.

The rupee had gained 23 paise to end at nearly two-week high of 55.26 against the dollar on sustained selling of the American currency by exporters in yesterday's session.

In the last four sessions, the rupee has gained 49 paise, or 0.88 per cent.

US Dollar(USD) To Indian Rupee(INR) Currency Exchange Rates  :-

1 USD = 55.385 INR

US Dollar(USD)		Indian Rupee(INR)
1 USD =	55.385 INR	0.01806 USD =	1 INR
2 USD =	110.77 INR	0.03611 USD =	2 INR
5 USD =	276.925 INR	0.09028 USD =	5 INR
10 USD =	553.85 INR	0.18055 USD =	10 INR
15 USD =	830.775 INR	0.27083 USD =	15 INR
20 USD =	1107.7 INR	0.36111 USD =	20 INR
25 USD =	1384.625 INR	0.45139 USD =	25 INR
50 USD =	2769.25 INR	0.90277 USD =	50 INR
100 USD =	5538.5 INR	1.80554 USD =	100 INR

Rupee Updates : Indian Stock Market

Rupee falls from 1-week highs against dollar; which may cause global risk in focus

The rupee fells from a session high of 55.30 against dollar to trade at 55.45/46, slightly up from its previous close of 55.52/53 tracking a dip in the euro.

USD/INR had hit a one-week high on Monday after Finance Minister P. Chidambaram promised forthcoming fiscal consolidation steps.

However, the Indian currency rebounded tracking a dip in the euro as traders also focused on potential ECB steps.

Some oil-related USD buying is also seen, though traders say flows are not as consistent as Monday.

A dealer at a foreign bank tips USD/INR to trade at 55.25-55.55 band for the session.

SOURCE : Reuters