D-Street counts costs of rupee hitting 71; SAIL's snub to govt and other top stories

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DAILY BRIEF Fri, Aug 31, 2018 #ValueInvestor#IPOs#Q1Results#CrudeOil#ExpertViews SENSEX 38645.07 -45.03 NIFTY 50 11680.50 3.70 Gold 30311.00 141.00 USD/INR 70.99 0.25

TOP OF THE DAY Tech view: Nifty forms long-legged Doji, suggests indecisiveness on D-St The Nifty50 index needs to hold above immediate support at 11,640 for any further upside. F&O: Nifty has to hold above 11,666 to rise towards 11,777 6 things about Friday's market: 60 stocks bullish; IT rides rupee crash Rupee tanks 26 paise to hit new record low, ends shy of 71 level As rupee stares at 72, D-Street counts costs to macros & market $2 billion ECBs maturing; rupee crash leaves these 60 firms at risk Focus on your investment objective: Nilesh Shah

Top Gainers NSE 1 company (largecap) appreciated more than 5% MindTree 5.96% More from Gainers Top Losers NSE 1 company (largecap) price decreased more than -5% YES Bank -5.04% More from Losers 52 Week High NSE 47 companies touched new 52-week high today Albert David 20.00% Century Extrus 12.50% More from 52 Week High

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SAIL declines dividend to govt, cites financial covenant risk SAIL spokesman said that the firm posted a loss in FY18, "so there is no chance of a dividend". Latest MSCI China inclusion is bigger deal for global funds JB Chemicals' board approves buyback for up to Rs 130 crore August turns ugly for emerging markets as currency crises spread

Market moguls Podcast Video View from New York: US smart money bets on Modi-fied India ETMarkets Evening Podcast: What may sway your market next week Sensex falls 45 pts, Nifty ends at 11,681

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RBI intervention needs to be stronger on rupee: Sajal Gupta As of now, exporters don't want to sell because they feel that rupee can go to 72-73 IDBI Bank approves issuance preference shares to LIC As Tesla shares fall, Amazon takes over as most shorted US stock India, China to drive global oil demand in years to come: IEA

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