• Entertainment
  • Finance
  • Marketing
  • Real Estate
  • Technology
  • Social
National Journal Community Of e-Experts
Finance

Indian Indices Trade Marginally Higher; Metal Sector Up 3.7%

By Kurt Osterberg · On April 19, 2018

Stock markets in India are presently trading marginally higher. Sectoral indices are trading on a mixed note with stocks in the metal sector and IT sector witnessing maximum buying interest.

The BSE Sensex is trading up 87 points (up 0.3%) and the NSE Nifty is trading up 32 points (up 0.3%). The BSE Mid Cap index is trading up by 0.4%, while the BSE Small Cap index is trading up by 0.3%. The rupee is trading at 65.73 to the US$.

Pharma stocks are witnessing buying interest today. Among the top gainers in the BSE Healthcare index are Merck Ltd(up 20%) and Suven Life Sciences Ltd (up 5.6%).

Speaking of pharma stocks, did you know the BSE Healthcare Index is down 20% over the past three years? During the same period, the BSE Sensex is up 21%.

The BSE Healthcare Index has underperformed the Sensex

And this was a sector they called ‘evergreen’.

In the news from currency markets, the rupee is witnessing selling pressure today. It depreciated around 15 paise to 65.81 against the dollar in opening trade at the interbank forex market today.

This was seen on the back of increased demand for the dollar from importers and banks amid rising crude oil prices.

Apart from this, foreign capital outflows also weighed on the rupee.

What does the fall in rupee mean for the Indian economy?

A depreciation in rupee means importers buying goods and services at a higher rate that earlier. This doesn’t bode well for a developing economy that relies heavily on imports.

Also, India imports most of its oil requirements. So a fall in rupee leads to a consequent rise in the import bill.

On the corporate side, companies who have taken foreign loans from abroad will be impacted. The repayment obligations in terms of principal and interest will rise, leading to a dent in the cash flows and financials.

Further, companies who import a majority of their raw material requirements will get impacted provided they have not hedged their foreign currency exposure.

Print Friendly, PDF & Email

Share Tweet

Kurt Osterberg

You Might Also Like

  • Finance

    How To Earn A 10% Yield On Cost From PepsiCo Dividends

  • Finance

    Extreme Cold Weather Forecast Puts Natural Gas ETFs In Focus

  • Finance

    How To Trade Options

Top Finance

  • Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates Dollar General (DG) Q2 Earnings And Revenues Surpass Estimates
  • Samsung Galaxy Note 9 Review Samsung Galaxy Note 9 Review
  • USD/CAD Forecast October 22-26 – Will The Canadian Dollar Rise On The Rate Hike USD/CAD Forecast October 22-26 – Will The Canadian Dollar Rise On The Rate Hike
  • Extreme Cold Weather Forecast Puts Natural Gas ETFs In Focus Extreme Cold Weather Forecast Puts Natural Gas ETFs In Focus
  • Chart: Amazon’s Dominance In Ecommerce Chart: Amazon’s Dominance In Ecommerce

New Posts

  • How To Earn A 10% Yield On Cost From PepsiCo Dividends

    How To Earn A 10% Yield On Cost From PepsiCo Dividends

    October 21, 2018
  • Extreme Cold Weather Forecast Puts Natural Gas ETFs In Focus

    Extreme Cold Weather Forecast Puts Natural Gas ETFs In Focus

    October 21, 2018
  • How To Trade Options

    How To Trade Options

    October 21, 2018
  • Adding To Merkel’s Woes: SPD’s Collapse In Germany, Greens The New Left Darlings

    Adding To Merkel’s Woes: SPD’s Collapse In Germany, Greens The New Left Darlings

    October 20, 2018
  • Self Sufficiency Over Adversity

    Self Sufficiency Over Adversity

    October 20, 2018
  • About
  • Contact Us
  • Privacy & Policy
  • Sitemap
  • Terms of use

Copyright © 2018 NJCEE. All Rights Reserved.