Market Commentary

Markets ends lower, rupee depreciates - Cholamandalam Securities



Posted On : 2013-09-12 22:24:18( TIMEZONE : IST )

Markets ends lower, rupee depreciates - Cholamandalam Securities

Benchmark indices ended on a lower amidst weakness in rupee against dollar, coupled with pressure from metal, financials and auto shares leading the fall.

Short positions in the Indian rupee fell to a 4-month low as sentiment toward emerging Asian currencies improved on doubts Fed will roll back its stimulus.

Oil stocks ended lower as government delayed decision on raising the diesel and LPG prices.

Shares of Hindustan Oil Exploration jumped 5% after Director General of Hydrocarbon (DGH) approved commerciality of 'Dirok' hydrocarbon discovery.

Amongst, the sectoral indices Metals, Banks, Consumer Durables, Auto, IT and Power ended lower, whilst Realty index gained.

Source : Equity Bulls

Keywords