India becomes 2017’s best-performing market after BJP win
India is now the best-performing major market globally in 2017. The benchmark Sensex is up 14 per cent in dollar terms so far this year. India was the third best performing market on Friday, however, sharp gains in the stock prices and the rupee following the landslide victory of Bharatiya Janata Party (BJP) in Uttar Pradesh has catapulted it to the top slot. The index gained nearly three per cent in dollar terms on Tuesday. India’s top position in global markets is followed by Brazil and Singapore which are up around 12 per cent each so far in 2017.
Rupa & Company shares rally on unit’s deal with Berkshire arm
The scrip was trading 11 per cent up at Rs 305. Shares of the hosiery company opened at Rs 292.50 and touched a high and low of Rs 319.70 and Rs 292.50, respectively. Benchmark BSE Sensex was trading 25.94 points, or 0.09 per cent, down at 29,414.59
10% shares of RIL changed hands in multiple block deals today
About 389 million shares od Reliance Industries (RIL), representing about 12.3% equity stake, were traded on the BSE through multiple block deals in early morning trade on Wednesday.
Rupee hits fresh 16-month high against US dollar
At 9.50am, the home currency was trading at 65.55, up 0.40% from its previous close of 65.82
The rupee opened at 65.76 a dollar and touched a high of 65.53, a level last seen on 3 November 2015. At 9.50am, the home currency was trading at 65.55, up 0.40% from its previous close of 65.82.
The benchmark Sensex index rose 0.09% or 26.45 points to 29,469.08. So far this year, it has risen 11%.
@Share Market Services