Sensex crosses 4600 mark
Mumbai: Investors, institutional as well as retail, fuelled rallies in pivotal stocks taking benchmark indices to new peaks.

Anticipation of some extraordinary corporate performances and tell tale signs of a robust year for the economy has driven investor confidence, both institutional and retail, to new highs.

The 30-share Sensitive Index of the Bombay Stock Exchange (BSE) rose 1.72 per cent or 78 points today to break through the psychological 4,600-mark and close at 4631.39, a level not seen since June 2000.

Several pivotal stocks, such as Reliance Industries, Tata Motors (Telco), State Bank of India, Bajaj Auto and Hero Honda hit yearly highs today on the back of strong buying by all classes of investors. While automobile stocks rode on good September sales numbers, anticipation of good second quarter results fuelled the prices of several others.
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Record FII inflows
Mumbai: Foreign Institutional investors (FIIs) continued to pour in the moolah even as SEBI introduced new regulation seeking more disclosures from them, especially on investments through the participatory notes route.

Net FII investment figure for a single day touched an all-time record of Rs 582 crore on Friday.

According to data released by SEBI, they purchased equities worth Rs 1,111 crore and sold equities worth Rs 529 crore on Friday. With this, FIIs have brought in Rs 960 crore in the first three days of trade in October.
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Rupee down 5 paise
Mumbai: The rupee on Monday closed 5 paise weaker with the global strengthening of the dollar against all international majors.

The greenback is said to risen on positive employment figures from the US.

The rupee ended the day at 45.4350/4400 against the dollar, down from Friday's close of 45.3850/3950.

The market was rather quiet with the usual amount of dollar supplies and no unusual demand for it from Indian corporates. The central bank is believed to have stepped in at 45.42 levels to buy dollars.

The domestic currency opened the day at 45.34/36, which was the intra-day high for the day.

In the forwards market, the six-month premium ended the day at 1.10 per cent (1.14 per cent) and the one-year forward closed unchanged at 1.08 per cent.
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Securities rally
Mumbai: In the government securities market, there was a smart rally of 50-60 paise on good liquidity conditions and continuing dollar inflows into the country.

Among the indicative papers was the 6.05 per cent 2019 paper, which closed at Rs 105.70 after opening at 105.10. The 6.35 per cent 2020 paper opened at Rs 107.80 and closed at Rs 108.40.

In the inter-bank call money market liquidity was abundant with rates closing at 4.50 per cent.

Through the LAF window, the central bank sucked away 27 bids worth Rs 19,145 crore by way of the one-day repo and 4 bids worth Rs 100 crore by way of the 14-day repo at the repo rate of 4.50 per cent.
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