ITC continues to keep Sensex in green; rupee dips; telecom stocks fall

Epic Research Update : Indian Rupee
Epic Research Update : Indian Rupee

Profit booking by investors pulled down the market, which clocked fresh highs this morning. Equity benchmarks were trading almost flat in afternoon trade.

The Sensex was up 54.07 points at 29639.92, while the Nifty was up 0.25 points at 9153.95. 
The market breadth indicated negativity as 1,032 shares having advanced, 1,559 shares having declined, while 156 shares were unchanged.
Reversing its 4-day climb, the rupee fell 24 paise to 65.65 against the dollar on Friday as the American currency got some of its lure back among banks and importers.

The dollar’s strength overseas weighed, but a higher opening in domestic equities cushioned the impact.

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