Stock Market LIVE: Nifty, Sensex Hold Gains; Ola Electric Shares Surge
The rupee appreciated 24 paise to 89.96 against the US dollar in early trade on Friday.
Stock Market LIVE: Direct Tax Collections Up 8%
For Apr 1–Dec 17:
Gross direct tax collections grew 4.2%, at Rs 20.02 lakh crore
Net direct tax collections rose 8%, at Rs 17.05 lakh crore
Gross corporate tax collection up 7.5% at Rs 9.9 lakh crore
Crude Slips Below $60, But Oil Marketing Companies Aren’t Cheering The Fall — Here's Why
A sharp decline in crude oil prices has failed to lift shares of India’s oil marketing companies, defying the usual playbook where lower crude boosts refining and marketing margins.
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Japan Interest Rate Hike: Yen Extends Losses, Japan 10-Year Yield Hits Highest Since 2006
The yen extended losses against the dollar after the Bank of Japan raised its benchmark interest rate by 25 basis points. The 10-year Japanese government bond yield rose to 2.0%, the highest since 2006.
Read more here.
Source: Bloomberg
Rupee Strengthens Past 90 A Dollar Level In Early Trade
The rupee appreciated 24 paise to 89.96 against the US dollar in early trade on Friday, supported by corporate dollar inflows and easing crude oil prices.
Forex traders said the gain in the USD/INR pair follows the rupee’s string of record lows in recent weeks on likely intervention from the Reserve Bank of India.
Moreover, crude oil prices hovering around $59 per barrel level supported market sentiment.
Stock Market LIVE: ICICI Prudential AMC Shares Debut At 20% Premium
ICICI Prudential Asset Management Co. listed on the BSE on Friday at Rs 2,606.20 apiece, a premium of 20.38% over its issue price of Rs 2,165 apiece.
On the National Stock Exchange, the stock debuted at Rs 2,600, a 20.09% premium.
