Indian equities

At 11.10 a.m., Sensex were trading at 431.12 points or 0.72 per cent down at 59,105.95, and Nifty was down 87.85 points or 0.49 per cent at 17,671.45. TCS, Infosys, Reliance Industries, Tech Mahindra, HCL Technologies were the major losers on the Sensex. Domestic equity markets were closed on Wednesday on account of Ganesh Chaturthi festival.

At close, Sensex ended 1,564.45 points, or 2.70 per cent, up at 59,537.07, and Nifty closed 445.40 points or 2.58 per cent up at 17,759.30. Nifty bank was up sharply at 3.29 per cent. All the 30 stocks on the Sensex ended in green. BSE LargeCap was up 2.59 per cent, BSE MidCap, and BSE SmallCap up 1.97 per cent, and 1.40 per cent, respectively. Bajaj Finserv, Bajaj Finance, IndusInd Bank, Tech Mahindra, and ICICI Bank were major gainers on the BSE.

The rupee breached the 80-to-a-dollar mark to hit a fresh record low of 80.13 today after Federal Reserve Chair Jerome Powell signalled interest rates would be kept higher for longer to bring down soaring inflation. The rupee weakened to a low of 80.14 against the US dollar in the first few minutes of trade on Monday as the US dollar index strengthened well past the 109-mark.

At close, Sensex ended 861.25 points or 1.46 per cent down at 57,972.62, and Nifty ended 246 points or 1.40 per cent lower at 17,312.90. About 1,455 shares have advanced, 2,045 shares declined and 203 remained unchanged. HCL Technologies, Infosys, Tech Mahindra fell more than 3 per cent on Monday. BSE LargeCap were down 1.24 per cent, BSE MidCap and BSE SmallCap was down 0.80 per cent and 0.57 per cent, respectively.

Indian National Rupee (INR) has not been in news for the right reasons so far this year. It has been dragged down by the perfect storm of international pressures and geopolitical headwinds. While rising inflation, tightening monetary policy, and climbing crude oil prices have made the current fiscal a difficult one for the INR, the Russia-Ukraine war sparked a near-freefall, with the Rupee having lost nearly 7 per cent in value since Russia's invasion on February 24.

Sensex was trading 835.72 points or 1.42 per cent down at 57,958.15 and Nifty was trading 250.30 points or 1.43 per cent down at 17,308.60. HCL Technologies, Infosys and Tech Mahindra were trading down more than 3.5 per cent on the BSE. On Friday, Federal Reserve Chair Jerome Powell signalled the US central bank is likely to keep hiking interest rates and keep them elevated to tame inflation.

At the interbank foreign exchange market, rupee ended at 79.86, as against 79.88 closed on the previous trading session against US dollar. Dollar index, which gauges the the strength of greenback against the basket of six major currencies were at 108.323 Brent crude oil prices were at $100.69 a barrel by the closing of Indian market hours.

At close, Sensex ended up 59.15 points or 0.10 per cent at 58,833.87, and Nifty ended 36.45 points or 0.21 per cent up at 17,558.90. About 1,991 shares have advanced, 1,428 shares have declined and 146 shares remained unchanged. NTPC, Titan, Power Grid Corporation of India, Kotak Mahindra Bank, Larsen and Toubro, Tech Mahindra were among the major gainers on the BSE.

"USDINR spot closed 7 paise higher at 79.88 due to hawkish comments from a Fed member. Atlanta Fed president Raphael Bostic told WSJ that if data turn out to be strong till the September meeting, 75-bps hike is on the table. These comments did rattle a few nerves ahead of US Fed chairman Jerome Powell's speech at the Jackson Hole symposium on Friday," said Anindya Banerjee, VP, Currency Derivatives & Interest Rate Derivatives, Kotak Securities Ltd.

At close, Sensex ended 310.71 points or 0.53 per cent down at 58,774.72, while Nifty ended 82.50 points or 0.47 per cent down at 17,522.45. About 1,905 shares advanced, 1,517 shares declined while 130 remained unchanged on Thursday. Bajaj Finance, Power Grid Corporation of India, Infosys, TCS and IndusInd Bank remained the major losers, while BSE IT index fell 0.88 per cent and Nifty IT index fell 0.87 per cent on Thursday.