The MCX –SX November futures traded at 47.23 at 9:16 am. The Rupee was marginally higher this morning on expectation of stronger opening in the local share market.
Most of the Asian Equity markets were in the positive territory this morning. Nifty Singapore Futures were trading higher pointing to a firm start to the Indian Markets.
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The MCX –SX November futures closed lower on Tuesday on the back of massive selling in the local equity market. Dollar’s rise against major currencies also led to the fall in the Rupee.
The BSE Sensex tanked lower by 491 points to end at 15404.9 on Tuesday. Most of the Asian Equity markets also closed lower yesterday.
The Dow Jones Index fell by 17.55 points in a volatile trade Tuesday.
US Economic data on Factory Orders released yesterday came worse than expected whereas Total Vehicle Sales Data was better than expected.
Courtesy : Commtrendz research
