Swiss National Bank shocked the currency markets on Thursday by abolishing their currency -- franc's three year-old cap of 1.20 per euro
Silver, platinum and palladium all declined.
The European Commission urged Greece to stick to commitments it has made to reform its economy as Prime Minister Alexis Tsipras called a snap election within hours of new EU bailout cash arriving in Athens.
Markets staged a smart recovery in late trades to end higher on Tuesday, amid firm global cues, led by index heavyweights ITC and Reliance Industries.
L&T, ONGC and banking scrips power gains in today's trade
It is surprising that central bankers around the world have cautioned the US Federal Reserve against raising rates.
The NSE Nifty, which dipped below the key 10,800-mark to touch a low of 10,755.40, bounced back on late buying to close at 10,817.70, up 9.65 points, or 0.09 per cent.
FII inflows subdued, investor sentiment remains sombre abroad
In 1910 the who's who of Wall Street met in total secrecy in an American town to work towards the first draft of the bill that would finally give the United States a central bank.
The total money of Indians fell by 45 per cent during 2016 to CHF 675.75 million, marking the biggest ever yearly decline in such funds.
The 30-share Sensex gained 117 points to end above 29,000 at 29,006 while the 50-share Nifty gained 32 points to close at 8,761.
Economic recovery is well under way in some advanced economies.
Lacklustre domestic equities alongside ongoing FCNR redemptions added pressure on the local currency
Foreign Secretary Vinay Kwatra on Wednesday refused to speculate on whether the G20 foreign ministers' meeting would be able to come out with a joint communique against the backdrop of widening differences between the West and Russia on the Ukraine conflict.
Investors are trying to push ahead with dollar purchases, emboldened by improving market sentiments
Fund raising by Indian companies through the offshore debt market is expected to rise in 2015.
Infosys, Tata Motors, ONGC, TCS and GAIL are the top 5 losers.
The S&P BSE Sensex ended the day at 28,226, up 85 points, while the Nifty50 settled at 8,734, up 18 points.
The Indian currency had appreciated by a whopping 85 paise in three-day surge
India Ratings principal economist Sunil Kumar Sinha said the Brexit is a mixed bag for the country.
The benchmark indices ended Monday's trading session on a positive note led by rate sensitive shares on hopes that lower inflation would help the central bank ease key policy rates. The Sensex ended higher by 76 points at 17,633 and the 50-share Nifty advanced 27 points to close at 5,348 levels. For the most part of the day, the markets traded in a narrow range.
The 30-share Sensex ended higher by 177.46 points at 28,885.21 and the Nifty gained 63.90 points at 8,778.30.
Given Indian corporates's high indebtedness, new credit will be used for servicing loans rather than building factories. This is setting us up for more companies on life support and more zombie banks, warns Rahul Jacob.
Gold is seen as a preferred asset for all types of investors, even central banks.
The market breadth in BSE remained dismal with 2,210 shares declining and 649 shares advancing.
IT majors along with metal names Sesa Goa and Hindalco buck trend.
Diamond merchant Nirav Modi on Wednesday lost his appeal against extradition on mental health grounds as the high court in London ruled that his risk of suicide is not such that it would be either unjust or oppressive to extradite him to India to face charges of fraud and money laundering. Lord Justice Jeremy Stuart-Smith and Justice Robert Jay, who presided over the appeal hearing at the Royal Courts of Justice earlier this year, said in their verdict that District Judge Sam Goozee's Westminster Magistrates' Court order from last year in favour of extradition was "sound". The leave to appeal in the high court had been granted on two grounds - under Article 3 of the European Convention of Human Rights (ECHR) to hear arguments if it would "unjust or oppressive" to extradite 51-year-old Modi due to his mental state and Section 91 of the Extradition Act 2003, also related to mental health.
Financials and auto stocks were the top losers while energy and IT shares recovered
The second half of June could be driven more or less by technical factors triggered by news flow from Greece, the US Federal Reserve and the monsoon. The technical picture seems bearish as of now, says Devangshu Datta.
'A positive oil shock has a detrimental effect on growth and activity.'
If his attempt to have his appeal heard in the Supreme Court fails, in principle, Modi can apply to the European Court of Human Rights (ECHR) to try and block his extradition on the basis that he will not receive a fair trial and that he will be detained in conditions that breach Article 3 of the European Convention on Human Rights, to which the UK is a signatory.
Shares of IT companies were in focus with the Nifty IT and S&P BSE IT index gaining more than 2% in an otherwise lower market
RBI fixed the reference rate for the dollar at 66.2930 and euro at 74.8978.
Bank shares were the top gainers led by ICICI Bank.
Emerging markets could be affected by a combination of lower liquidity and higher dollar interest rates caused by a hike in the US Fed funds rate.
As regards India, market valuations already reflect most positives.
'The variables to watch include the monsoon, resolution of NBFC liquidity issues, GST collections, and NPA resolution.'
Rupee down 13 paise to 66.72 against dollar
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