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Rupee At Record Low | Rupee Opens At Record Low Of 92.03/$

Rupee Opens At Record Low Of 92.03/$ Vs Monday’s Close Of 91.47/$

Here’s how the global market cues are placed this morning

Here’s how the global market cues are placed this morning

Due to growing tensions in the Middle East, rising crude oil prices, and outflows of foreign funds, the Indian rupee is expected to open on March 4 at a record low of 92.10–92.15 per US dollar.

The South Korean index is on a downward slippery slope, with the index falling over 9%

Following the Ministry of Defense’s Tuesday signing of a contract with Hindustan Aeronautics Ltd. (HAL) for Advanced Light Helicopters (ALH) Mk-III (MR), the company’s shares will be closely watched on Wednesday, March 4.

After rising 11% over the course of two days—the largest increase in four years—West Texas Intermediate reached above $75 per barrel. Brent finished close to $81.

GIFT Nifty is moving lower, trading at a discount of nearly 500 pts to Nifty Futures Monday close, indicating a gap-down start for the Indian market

According to US President Donald Trump, he has requested that the United States Development Finance Corporation (DFC) offer risk insurance and assurances for the financial stability of all marine traffic, particularly oil, passing through the Gulf at a very affordable price.

Some of the stocks to look out for include ONGC, HPCL, Petronet, IGL, Cipla, Tata Motors CV, M&M and more.

Check The Full List Here 

The Middle East’s happenings drove Monday’s gap-down opening for the Nifty. According to analysts, unless the index holds above 25,000, mood is expected to be negative; a fall below 24,600 might lead to a more severe decline.

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