{"id":3043,"date":"2020-01-08T12:44:47","date_gmt":"2020-01-08T12:44:47","guid":{"rendered":"https:\/\/jobbinghood.com\/finance\/2020\/01\/08\/recovery-mode-markets-rupee-rebound-as-oil-prices-trend-down\/"},"modified":"2020-01-08T12:44:47","modified_gmt":"2020-01-08T12:44:47","slug":"recovery-mode-markets-rupee-rebound-as-oil-prices-trend-down","status":"publish","type":"post","link":"https:\/\/jobbinghood.com\/magazine\/2020\/01\/08\/recovery-mode-markets-rupee-rebound-as-oil-prices-trend-down\/","title":{"rendered":"Recovery mode: Markets, Rupee rebound as oil prices trend down"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"article-image\">\n<figure><img fetchpriority=\"high\" decoding=\"async\" class=\"lazy lazy-hidden wp-image-1813397\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2020\/01\/2-96.jpg\" alt=\"Recovery mode, Market news, Market, Rupee, oil price,\u00a0Nifty, sensex,\u00a0HDFC Bank, Reliance Industries,\u00a0Infosys\u00a0\" width=\"662\" height=\"442\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/2-96.jpg 1200w, https:\/\/images.financialexpress.com\/2020\/01\/2-96-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/2-96-768x512.jpg 768w, https:\/\/images.financialexpress.com\/2020\/01\/2-96-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/2-96-401x267.jpg 401w\" sizes=\"(max-width: 662px) 100vw, 662px\"\/><noscript><img decoding=\"async\" class=\"wp-image-1813397\" src=\"https:\/\/images.financialexpress.com\/2020\/01\/2-96.jpg\" alt=\"Recovery mode, Market news, Market, Rupee, oil price,\u00a0Nifty, sensex,\u00a0HDFC Bank, Reliance Industries,\u00a0Infosys\u00a0\" width=\"662\" height=\"442\" srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/2-96.jpg 1200w, https:\/\/images.financialexpress.com\/2020\/01\/2-96-300x200.jpg 300w, https:\/\/images.financialexpress.com\/2020\/01\/2-96-768x512.jpg 768w, https:\/\/images.financialexpress.com\/2020\/01\/2-96-620x413.jpg 620w, https:\/\/images.financialexpress.com\/2020\/01\/2-96-401x267.jpg 401w\" sizes=\"(max-width: 662px) 100vw, 662px\"\/><\/noscript><span class=\"article-caption\">The Sensex, which crashed by 788 points on Monday, ended Tuesday\u2019s session at 40,869.47 putting on 192.84 points although it rallied by as many as 554 points during the day.<\/span><\/figure>\n<\/div>\n<p>Stocks and bonds staged a recovery on Tuesday after Monday\u2019s capitulation while the Indian currency too added value against the dollar as prices of crude oil fell by about 1% to $68.44 per barrel.<\/p>\n<p>An airstrike by the US last Friday killed Iran\u2019s top military commander and led to heightened tensions in West Asia causing the prices of crude oil to rise for three straight days to Monday.<\/p>\n<p>The Sensex, which crashed by 788 points on Monday, ended Tuesday\u2019s session at 40,869.47 putting on 192.84 points although it rallied by as many as 554 points during the day. The gain, however, was a narrow one driven primarily by <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/hdfc-bank-ltd-stock-price\/\" rel=\"noopener noreferrer\">HDFC Bank<\/a> and <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/reliance-industries-ltd-stock-price\/\" rel=\"noopener noreferrer\">Reliance Industries<\/a>, which together contributed 76% of the gains. The <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nifty-50-stock-price\/\" rel=\"noopener noreferrer\">Nifty 50<\/a> ended the session at 12,052.95, up 59.90 points or 0.50%.<\/p>\n<p>The rupee gained 11 paise on Tuesday to close the session at 71.83 against the dollar; it had depreciated nearly 72 paise in the previous three sessions. Benchmark bond yields fell two basis points to close at 6.55%. Volumes in the cash segment on the NSE were Rs 31,055 crore on Monday and Rs 32,664 crore on Tuesday.<\/p>\n<p>Dealers said Monday\u2019s sell-off had taken place largely in the F&amp;O segment as sell calls were triggered by the falling indices. Deepak Jasani, head of research at HDFC Securities, said Monday\u2019s crash had been a knee-jerk reaction to the spike in oil prices. \u201cToday crude prices have corrected as the fear of a retaliation does not look immediate. The market will go back to focusing on corporate earnings and the budget,\u201d Jasani said.<\/p>\n<p><img decoding=\"async\" class=\"lazy lazy-hidden alignnone size-full wp-image-1816290\" src=\"http:\/\/www.financialexpress.com\/wp-content\/plugins\/a3-lazy-load\/assets\/images\/lazy_placeholder.gif\" data-lazy-type=\"image\" data-src=\"https:\/\/images.financialexpress.com\/2020\/01\/1-205.jpg\" alt=\"\" width=\"526\" height=\"456\" srcset=\"\" data-srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/1-205.jpg 526w, https:\/\/images.financialexpress.com\/2020\/01\/1-205-231x200.jpg 231w, https:\/\/images.financialexpress.com\/2020\/01\/1-205-476x413.jpg 476w, https:\/\/images.financialexpress.com\/2020\/01\/1-205-308x267.jpg 308w\" sizes=\"(max-width: 526px) 100vw, 526px\"\/><\/p>\n<p><noscript><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-1816290\" src=\"https:\/\/images.financialexpress.com\/2020\/01\/1-205.jpg\" alt=\"\" width=\"526\" height=\"456\" srcset=\"https:\/\/images.financialexpress.com\/2020\/01\/1-205.jpg 526w, https:\/\/images.financialexpress.com\/2020\/01\/1-205-231x200.jpg 231w, https:\/\/images.financialexpress.com\/2020\/01\/1-205-476x413.jpg 476w, https:\/\/images.financialexpress.com\/2020\/01\/1-205-308x267.jpg 308w\" sizes=\"(max-width: 526px) 100vw, 526px\"\/><\/noscript><\/p>\n<p>Earnings season kicks off on January 9 with <a target=\"_blank\" href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/infosys-ltd-stock-price\/\" rel=\"noopener noreferrer\">Infosys<\/a> set to announce Q3FY20 results. Foreign portfolio investors (FPIs) sold equities worth $95 million on Tuesday, provisional data on the bourses showed. So far in January foreign investors have purchased shares worth $287 million after pumping in $14.23 billion into Indian equities in 2019.<\/p>\n<p>Vinay Pandit, head \u2013 institutional equities, IndiaNivesh Securities, observed institutional investors were sitting on cash. However, geopolitical uncertainties could take some time to die down, with Iran issuing some hard statements, and hence there could be minor dips from time to time.<\/p>\n<div class=\"common-bottom-text\">\n<p>Get live <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/\" target=\"_blank\" rel=\"noopener noreferrer\">Stock Prices<\/a> from BSE and NSE and latest NAV, portfolio of <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/\" target=\"_blank\" rel=\"noopener noreferrer\">Mutual Funds<\/a>, calculate your tax by <a href=\"https:\/\/www.financialexpress.com\/income-tax-calculator\/\" target=\"_blank\" rel=\"noopener noreferrer\">Income Tax Calculator<\/a>, know market\u2019s <a href=\"https:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-gainers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Gainers<\/a>, <a href=\"http:\/\/www.financialexpress.com\/market\/stock-market\/nse-top-losers\/\" target=\"_blank\" rel=\"noopener noreferrer\">Top Losers<\/a> &amp; <a href=\"https:\/\/www.financialexpress.com\/mutual-funds-india\/equity-funds\/\" target=\"_blank\" rel=\"noopener noreferrer\">Best Equity Funds<\/a>. Like us on <a href=\" https:\/\/www.facebook.com\/thefinancialexpress\" target=\"_blank\" rel=\"noopener noreferrer\">Facebook<\/a> and follow us on <a href=\" https:\/\/twitter.com\/FinancialXpress\" target=\"_blank\" rel=\"noopener noreferrer\">Twitter<\/a>.<\/p>\n<\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/>[ad_2]<br \/><\/p>\n<div class=\"jobbi-after-content-jh-placement jobbi-entity-placement\" id=\"jobbi-20029692\"><div id=\"jobbi-1131832269\"><script async src=\"\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-5862940809620110\" crossorigin=\"anonymous\"><\/script><ins class=\"adsbygoogle\" style=\"display:block;\" data-ad-client=\"ca-pub-5862940809620110\" \ndata-ad-slot=\"\" \ndata-ad-format=\"auto\"><\/ins>\n<script> \n(adsbygoogle = window.adsbygoogle || []).push({}); \n<\/script>\n<\/div><\/div>","protected":false},"excerpt":{"rendered":"<p>[ad_1] The Sensex, which crashed by 788 points on Monday, ended Tuesday\u2019s session at 40,869.47 putting on 192.84 points although it rallied by as many as 554 points during the day. Stocks and bonds staged a recovery on Tuesday after Monday\u2019s capitulation while the Indian currency too added value against the dollar as prices of [&hellip;]<\/p>\n","protected":false},"author":348,"featured_media":3044,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3043","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-markets"],"_links":{"self":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3043","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/users\/348"}],"replies":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/comments?post=3043"}],"version-history":[{"count":0,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/posts\/3043\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media\/3044"}],"wp:attachment":[{"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/media?parent=3043"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/categories?post=3043"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/jobbinghood.com\/magazine\/wp-json\/wp\/v2\/tags?post=3043"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}