FRANCHISE TRADE NOW OPEN AN ACCOUNT
Mid Session
Prev Next
As on Jun 26, 2019 12:00 AM Your results on : Mid Session    
Indian Rupee: Pare Early Weakness On Positive Local Stocks
26-Jun-2019 (11:10)

The Indian rupee commenced weak against the dollar in early trades on Wednesday, 26 June 2019 amid simmering geopolitical tensions in the Middle East and higher crude oil prices. Strengthening of the American currency in the overseas market also weighed on the local unit. However, foreign fund inflows and strong opening in domestic equities supported the domestic currency. Foreign institutional investors (FIIs) remained net buyers in the capital markets, putting in Rs 1,157.87 crore Tuesday, as per provisional data.

Investors remain cautious amid rising tensions between the US and Iran. On the global front, the trade concerns between the US and China, and rising US-Iran tensions are poised to dominate a high-stakes G20 summit from Friday.

The domestic currency opened at Rs 69.41 against the dollar and registered an intra-day high and low of 69.35 and 69.48 respectively so far during the day. In the spot currency market, the Indian unit was last seen trading at 69.35. The rupee had settled at 69.36 against the US dollar on Tuesday.

Domestic benchmark indices pared gains after hitting fresh intraday high in morning trade. The Nifty moved above 11,800 mark in morning trade. At 10:24 IST, the barometer index, the S&P BSE Sensex, was up 108.98 points or 0.28% at 39,543.92. The Nifty 50 index was up 27.40 points or 0.23% at 11,823.85.

Overseas, most Asian stocks were trading lower on Wednesday after US Federal Reserve officials tempered expectations in the markets for aggressive monetary easing. US stocks slid lower Tuesday after Federal Reserve Chairman Jerome Powell said the central banks was still monitoring the economy for signs of weakness and would seek to avoid a knee-jerk reaction in terms of cutting benchmark interest rates.

Fed Chair Jerome Powell noted the Fed will take a wait-and-see approach given how rapid recent economic changes have been. Powell on Tuesday also said the central bank is insulated from short-term political pressures, pushing back against US President Donald Trump's demand for a significant rate cut. Meanwhile, investors looked toward developments on the US-China trade front, with presidents Donald Trump and Xi Jinping set to meet at the G-20 summit later this week. Investors are also watching the Middle East, with continuing tensions between the US and Iran. Iran said Trump's decision Monday to impose additional sanctions on Iran had closed the door to diplomatic negotiations.

Meanwhile, the US dollar rose on Wednesday in Asia. U.S. Federal Reserve chairman Jerome Powell's comments were in focus as he said the central bank is “insulated” from political pressures. The U.S. dollar index gained 0.2% to 95.808.

Powered by Commodity Insights

Malaysia Maintains Palm Oil Export Duty Nil For July
25-Jun-2019 (16:54)
China and Ukraine Enter Into Agreement For Pulses Trade and Investment
25-Jun-2019 (16:51)
Spot Market Update: Chana Drops In Delhi, Supplies Thin
25-Jun-2019 (16:16)
Spot Market Update: Soybeans Gain Marginally, Traders Eye Monsoon
25-Jun-2019 (16:14)
Spot Market Update: Sugar Slips Marginally
25-Jun-2019 (16:12)
Spot Market Update: Wheat Lingers Near Rs 2030 Per Quintal In Delhi
25-Jun-2019 (16:10)
Brent Crude Eases For Second Session As Profit Selling Hurts
25-Jun-2019 (14:43)
Market Speaks: ICSG Says Global Refined Copper Production Drops 1.1% In First Quarter Of This Year
25-Jun-2019 (14:23)
Economic Buzz: Germany Construction Orders Decline In April
25-Jun-2019 (14:06)
Commodities Buzz: Broadway Announces Start of Drilling Campaign At Madison Copper Gold Project
25-Jun-2019 (13:18)
Economic Buzz: US Public Debt To GDP Ratio On Unsustainable Path, Expected To Continue Rising Says IMF
25-Jun-2019 (12:42)
Gujarat Farmers Shift Towards Groundnut For Better Returns
25-Jun-2019 (12:35)
Commodities Buzz: First Quantum Minerals Reports First Shipment Of Copper Concentrate From Cobre Panama
25-Jun-2019 (12:26)
Connect with us :   
Globe
About us
Our Services
Milestones
Memberships
Core Values
Investor Relations
Product & Services
Broking
Institutional Broking
PMS
Clearing Services
Distribution
Research
Depository
Trade & Products
Globe Connect Pro
Globe Trade Smart
Globe Connect Mobile/Tablet
Globe News Connect
Globe e-KYC Application
NSDL e-KYC Signer Application
Back Office
Back Office
CMS
CMS-TM
KYC/KDC Status
Mutual Fund
CAMS
RMS Policy
Helpdesk
Download Forms
Useful Links
BSE
NSE
SEBI
RBI
MCX
NCDEX
Exchange Holidays
Anti-Money Laundering Policy
Policies, Procedures, Rights, Obligations and RDD

Funds Payout Policy

Shortages Obligation Arising Out Of Internal Netting of Trades

Policies of Globe Commodities Limited
Guidance Note on FATCA and CRS May 2016
Right and Obligation, RDD, Guidance Note in Vernacular Language - Equity | Commodity
Additional Risk Disclosure for Trading into Commodity options
In case of any grievances pleae write to
Investor_trading@globecapital.com /  igr@globecapital.com (For Trading)     globedp@globecapital.com (For DP)    Investor_pms@globecapital.com (For PMS)     
commigr@globecapital.com (For Commodities)
Equity SEBI Registration No INZ000177137. Exchange Registration Nos NSE : TM No. - 06637, Clearing No.- M50302 | BSE : Clearing No.- 3179 | MSEI : TM Code-1004, Clearing Member Code- 4 | SEBI Registration for DP : IN-DP-NSDL-97-99, NSDL- DP ID: IN300966, CDSL DP ID: 12020600 | SEBI Research Analysts Registration No. INH100001187 | SEBI PMS Registration No. INP00000236
* Through subsidiary Globe Commodities Ltd. --> Commodity SEBI Regn. No. - INZ000024939, Exchange Regn. Nos. - MCX CM ID: 8550 TM ID: 10735, NCDEX CM ID: M50011 TM ID: 00012, NMCE ID: CL0111, ICEX ID: 1009, NCDXSPOT-CR-07-10011,
** Through step in subsidiary Globe Comex International DMCC --> DGCX **TM Id.1064, CM Id.3064*
"We also do Pro-Account trading in Commodity Segment.."
"KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary."
Attention Investors:
"Prevent Unauthorised transactions in your account --> Update your mobile numbers/email IDs with your Stock Brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day .......... Issued in the interest of investors"
"Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from NSDL/CDSL on the same day......................issued in the interest of investors."
"No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."
© 2013 Globe Capital Market Limited. All rights reserved
Designed, Developed and Content powered by CMOTS Infotech (ISO 9001:2015 Certified) Privacy Policy Disclaimer Terms and Conditions