Sensex, Nifty Flat; Golbal Cues and Crude Weigh Down Settlement

Indian Benchmark indices, BSE Sensex and NSE Nifty, opened flat today tracking negative cues from Wall Street and other Asian markets. BSE Sensex opened at 31,302.18 points, while NSE Nifty, the broader gauge, opened flat at 9,648.10 points.

The Dow Jones Industrial Average was down 61.85 points or 0.29 percent at 21,467.14 points, the S&P 500 lost 16.43 points or 0.67 percent to end at 2,437.03 points while the Nasdaq Composite shed 50.98 points or 0.82 percent to close at 6,188.03 points.

Asian markets were cautious on the slump in oil prices. Japan’s Nikkei eased 0.3 per cent. While MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.5 per cent, Australia’s commodity-heavy market slipped 0.7 per cent.

The Indian rupee opened at 64.51 a dollar on Wednesday, 21st June 2017. On Tuesday, 20th June 2017 the domestic currency had closed weaker against the US dollar at 64.50 per dollar, down 0.12 percent from its Monday’s, 19th June 2017 close of 64.43.

The dollar hit a one-month high on Tuesday, 20th June 2017 against a basket of currencies following comments from New York Fed President William Dudley who said that the door is open for the possibility of another rate hike by year-end.

The Dollar Index, which tracks the greenback versus six major currencies, was up 0.3 percent at 97.800, its highest since May 18. The Euro fell to a three-week low of $1.1117, while the Dollar reached 111.86 against the Yen, its highest since May 26, Reuters reported.

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