Monday, June 25, 2012

Sensex, Nifty opens higher, Rupee Rebounds



Indian benchmark indices, the Sensex and the Nifty, opened the session on Monday on a positive note.

At 9:45 a.m., the 30-share BSE index Sensex was up 109.62 points at 17,082.13 and the 50-share NSE index Nifty was up 35.15 points at 5181.20. The Nifty in it's last session ended at 5,146.05, down 18.95 points, or 0.37 percent. Whereas the Sensex in it's last session closed at 16,972.51, down 60.05 points or 0.35 percent and depreciating rupee weighed on sentiment.
The Indian currency fell to all time record low of 57.32 per dollar in trade, making it the worst-performing currency in Asia. Today Rupee rose 1% against the dollar at 56.59.
The Dow Jones Industrial Average closed 67.21 points higher at 12,640.78, the Standard & Poor's 500 index rose 9.51 points to 1,335.02 and the Nasdaq composite index climbed 33.33 points to 2,892.42.

Asian markets were subdued on eurozone concerns. The Nikkei 225 was down by 0.05 percent, the Shanghai Composite fell 0.55 percent and the Kospi was 1.58 percent lower.