RUPEE CRASHED || SHARE MARKET TOMORROW 18 May

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RUPEE OUTLOOK :- The rupee fell to a new record low against the dollar on Thursday as local stocks gave up gains notched earlier in the session while the euro remained near four-month lows. The rupee was last trading at a record low of 54.5650, breaching its previous all-time low of 54.52 hit just on Wednesday. Indian stocks were trading flat after rising as much as 1.3 percent earlier in the session. The Indian currency closed at a new all-time low of 54.5 yesterday, marking a 22 percent fall this year, as reported. It gained in early trade Thursday as global risk assets stabilised after a recent selloff. All Asian currencies, not just the rupee, have lost value against the dollar due to the eurozone crisis triggered by Greece's imminent exit from the common currency.

SHARE MARKET CLOSING || Nifty Gainers/ Losers

Negative cues from European markets took their toll today and the indices shed all the morning gains in the afternoon. FMCG, realty and metal outperformed all other sectors and closed with substantial gains while capital goods, consumer durables and auto lost significantly. The Sensex closed at 16070, up 40 points from its previous close, and the Nifty shut shop at 4870, up 12 points. 

Top Nifty Gainers :- The top Nifty gainers were Ambuja Cements, SAIL, ITC and JP Associates. 

Top Nifty Losers :- Reliance Infra, L & T, Mahindra & Mahindra and Bajaj Auto. 

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