Some investors had speculated that the US central bank might put its plans on hold given the jitters overseas.
Strong currency and sagging oil prices are spooking policymakers.
Bullish dollar sentiment overseas alongside sluggish domestic equity market predominantly impacted the domestic currency
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
The rupee is expected to become more jittery and choppy in the near-term
Covering-up of short positions ahead of Thursday's expiry of August series in the derivatives segment gave equities a slight push
Of the 30-share Sensex pack, 15 today closed in the red
The Rupee is expected to weaken further against the dollar.
It is the rupee's biggest single-day gain this year.
However, FII outflows of Rs 545 crore (Rs 5.45 billion) capped the gains in the rupee, which had slumped by 126 paise in past two days.
Tata Motors (down 1.7%) was the top loser on Sensex and Nifty, while Lupin (1.6%) gained the most.
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
The decline was led by index heavyweight Reliance Industries along with ITC and HDFC.
.jpg)
The partially convertible rupee closed at 63.37/38 per dollar compared with 62.83/84 on Monday. The unit dropped 0.85 per cent on the day, its biggest single-day fall in two weeks.
Shares of L&T Technology Services, an arm of engineering giant Larsen and Toubro, made a decent debut on the bourses
Of the 30-share Sensex, 13 ended higher, while 17 led by Power Grid, Tata Steel, Bajaj Auto, Hero MotoCorp, NTPC, Tata Motors, Dr Reddy's, M&M, GAIL, Infosys and L&T finished lower, fell by up to 2.40 per cent
Financials were the top gainers lead by private lenders ICICI Bank and HDFC Bank
Hawkish guidance by the US Fed raises concerns it could tie the hands of RBI from trimming rates.
The view among the regulator and the government is that the currency is overvalued
According to market experts, GST Bill, movement of the rupee and uncertain global cues amid expected rate cut by the US Fed will dictate the movement of the markets.
The latest macro-data from India is disquieting
The 30-share Sensex ended in the red.
Fed seen holding rates steady as investor confidence shakes
ONGC was the top performer while private banking major ICICI Bank extended gains
The Reserve Bank of India held its policy rate at 7.25 percent on Tuesday.
In a recent report, BofA-ML suggests investors to track these six event risks in July apart from the Greek drama
Investors turned cautious ahead of the US Fed meet outcome later today and July F&O expiry.
.jpg)
As many as nine respondents said RBI would hold the repo rate at 8% till March-end, 2015
Sensex ends in green, bluechips in spotlight.
If the Fed hikes policy rates for the dollar, that will probably mean a move into US Treasuries for speculators.
Urjit Patel as the new RBI governor whose focus is on taming inflation has lowered the probability of interest rate cut soon
Experts believe volatility is here to stay for some time, at least till China stabilises and clarity regarding the US Fed's interest rate move emerges.
The majority in the markets believe that a September lift-off is likely.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Markets ended higher, amid firm global cues, and are on track for third straight day of gains.
In the metal pack, Tata Steel was up 3.7% while Vedanta was up 1.8% .
In the global markets, the US dollar traded lower in early trade after former US Treasury Secretary Larry Summers withdrew himself from the race to be the next Federal Reserve chairman.
The broader markets ended negatively with mid-caps and small-caps shedding 0.5 per cent on the BSE.
.jpg)
The broader markets traded positively with mid-caps and small-caps rising 0.5 per cent each on the BSE.
Sun Pharma was the top gainer after SPARC received Sebi nod to raise up to Rs.250 crore through a rights issue
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances