Rupee Largely Flat Against The U.S. Dollar

Rupee: The local currency opened at 82.72 against the greenback on Wednesday. It closed 82.70 on Tuesday.

Nifty Bank Steady After A Rise

  • The Nifty Bank Index was steady at 0.03% or 41,505 points in trade after it rose 0.73% in trade around 10 a.m.
  • The rise was seen during RBI Governor’s speech, where he announced raising the repo rate by 25 bps to 6.50%.

Metal Stocks Advance

Shares of metal companies advanced in trade on Wednesday led by gains in the Adani Enterprise share, whereas the headline index NSE Nifty 50 higher by 0.56% in trade.

The NSE Metal Index was up 1.45% in trade. Thirteen out of the 15 constituents compiled by the gauge advanced, while two declined.

Adani Enterprises Ltd., Jindal Steel and Power Ltd., Hindalco Industries Ltd., Vedanta Ltd., JSW Steel Ltd. and National Aluminum Co. rose nearly 1% in trade.

Source: NSE

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