Friday, 31 August 2018


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The Nifty50 might have closed lower on the August expiry day but it rallied 4.5 percent or a little over 500 points in August series to touch new highs above 11700.

A couple of factors which started weighing on investor sentiment is falling rupee as well as rise in crude oil prices which are a threat to our current account deficit, as well as trade war woes.

Washington has proposed slapping tariffs on a further USD 200 billion worth of Chinese goods after a public comment period ends on Wednesday, September 5, said a Reuters report.


The Indian rupee fell further by 23 paise against the US dollar to trade at a lifetime low of 70.82

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