News Column

Sensex flat, rupee rises

May 28, 2014


Mumbai: After fluctuating in and out of positive terrain, the benchmark S&P BSE Sensex today ended almost flat at 24,556.09 up by a mere 7 points on alternate bouts of buying and selling ahead of expiry of May contract on Wednesday.

Brokers attributed nearly stable market to rolling over positions in the futures and options (F&O) segment from May series to June before expiry of derivatives contract on Wednesday.

IT, Teck and realty counters attracted good buying support while Metal, Consumer durable and Auto stocks recorded losses.

Meanwhile, the rupee yesterday rose for the first time in four days and closed 11 paise higher at 58.93 against the Untied States dollar following late selling of the American currency by exporters, amid stable local equities.

In the previous three days, the rupee had fallen 57 paise or nearly one per cent on equity-linked capital outflows. The dollar index was up by 0.15 per cent.

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Source: Times of Oman

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