Recovering from an early loss and continuing its winning streak for the third straight day, the rupee strengthened 11 paise against the US dollar on Thursday, January 14, to steady foreign currency inflows and weakened to 73.04 (provisional). US currency supported. In the interbank foreign exchange market, the domestic unit opened at 73.18 and recorded an intra-day high of 72.97. It saw a low of 73.18. In today’s opening trading session, the local unit slipped three paise to 73.18 against the greenback. The rupee closed at 73.04, 11 paise higher than the previous close. On Wednesday, January 13, the domestic unit fell to 73.15 against the US currency.
Meanwhile, the dollar index, which estimates the strength of the greenback against a basket of six currencies, fell 0.11 percent to 90.26. As per provisional exchange data, foreign institutional investors were net buyers in the capital market as they bought shares worth Rs 1,879.06 crore on 13 January on a net basis.
On the domestic equity market front, the BSE Sensex rose 91.84 points or 0.19 percent to close at 49,584.16, while the broader NSE Nifty rose 30.75 points or 0.21 percent to 14,595.60 points. “It was a limited session for the market. Weekly expiration of option contracts and mixed activity in global markets put traders in uncertain mode for the day. Following the candlestick indirect pattern, it will put the market in a broad trading range between 14400/49100 and 14700/49900 levels, ”said Shrikant Chauhan, executive vice president of equity technical research at Koti Securities.
One must be stock specific until the market crosses the reverse barrier. Above 14,700 / 49900, Nifty / Sensex will reach the level of 15000/50500. He said that the bank-Nifty is also well above the psychological resistance point of 32500, which is positive for it and may reach 33200 in the near term. ‘
Brent crude futures, the global oil benchmark, fell 0.21 percent to $ 55.94 a barrel.