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 march 4 2013

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ChitteSwamy

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PostSubject: march 4 2013   Mon Mar 04, 2013 8:35 pm

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ChitteSwamy

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PostSubject: Re: march 4 2013   Mon Mar 04, 2013 8:37 pm

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PostSubject: Re: march 4 2013   Mon Mar 04, 2013 8:38 pm

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PostSubject: Re: march 4 2013   Mon Mar 04, 2013 8:39 pm

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PostSubject: Re: march 4 2013   Mon Mar 04, 2013 8:41 pm

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PostSubject: Re: march 4 2013   Mon Mar 04, 2013 8:43 pm

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PostSubject: Re: march 4 2013   Mon Mar 04, 2013 8:45 pm

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PostSubject: Re: march 4 2013   Fri Mar 08, 2013 9:39 am

Live Market Commentary (03/07/2013)

Thursday March 7, 20138:49

SGX Nifty is down 10.5 points, a decline of around 0.2% and is currently at 5,835.

8:56
Mixed sentiments at the Chinese bourses. Hang Seng is up 0.24% and Shanghai is down 0.14%. Singapore is trading flat and is down just one point.

8:58 Market Live:
Most Asia stocks are trading in the red. However Japan’s Nikkei rallied over the 0.5% and crossed the 12,000 mark for the first time since September 2008. For more on that story click here.

9:01 Market Live:

Market pre-opening: Nifty has declined 0.7%, down 40 points and is trading around 5,770. Sensex is hovering around 19,280, up 40 points.



9:04 Market Live:
Rupee opens at 54.89 per dollar, weaker by 0.3%.

9:07 Market Live:

U.S. stocks closed mostly higher with Dow Jones extending its record rise by 0.3%. S&P 500 posted a small gain of 0.08%. It is now just 24 points from its all-time closing high that it reached in October 2007. Nasdaq was down a meagre 2 points, 0.07%. Click here to read more about the U.S markets.



9:14 Market Live:

Just minutes left for the markets to open. The pre-opening session has not been upbeat. Sensex is down 30.5 points and is trading around 19,220. Nifty is settling around 5820, down 20 points.

9:16 Market Live:

Markets Open! Sensex is down 30 points and is trading at 19,220. Nifty hovering at 5,800, a decline of 8 points.

9:20 Market Live:

CNX Midcap is trading flat around 7,715.

9:26 Market Live:
Euronext is all set to pull out of MCX. The 4.8% stake sale could fetch Euronext as much as U.S $46 million. MCX is currently down almost 4%.

9:30 Market Live:
Mahindra and Mahindra to commence tractor production at their Andhra plant. Click here to know more.

9:34 Market Live:
Bank Nifty is down over 0.3% and trading at 11,830. This index is being pulled down parlty by ICICI, down over 0.5%.

9:46 Market Live:
To revive flagging sales Tata Motors has slashed prices on its Indica and Manza models. Morover in a unique move, it has offered to buyback it's Manza model after three years at 60% of the purchase price. Tata Motors is one the big losers at the markets today. The scrip is down almost 1.5%.

9:59 Market Live:

Tata Power has declared that its 4,000 MW Mundra ultra mega power project (UMPP) is now fully operational. The Mundra plant is the country's first UMPP. The scrip is up by over 0.5%.

10:04 Market Live:
Gold is trading at 29,661 up by 66 points and Silver is trading at 55,163 gaining almost 200 points.

10:06 Market Live:

Create your Stock Portfolio for on Yahoo! Finance India in one step. It’s easy to use, it’s free and it tracks all your equities on one place! Just click here.

10:15 Market Live:

One hour into trading and the markets have been flat, after a relatively soft opening. Sensex is down 20 points, hovering around 19,230. Nifty is flirting with the 5,800 mark and has declined by 10 points.

10:19 Market Live:
Rupee is trading at 54.78 per dollar, weaker by 0.11%. To know what might happen to the rupee in course of the day, read here.

10:27 Market Live:

Adani Power is up almost 1.25%. It is also leads the market in terms of volumes. To get a full list on volume leaders click here.

10:34 Market Live:

MCX is showing signs of recovery. The scrip plummeted as markets opened and was down by 4% about an hour ago. It is currently down 2%. It is speculated that Euronext might sell its stake in MCX. For more on that story, click here.

10:40 Market Live:

The tools down strike at the Mahindra and Mahindra plant at Nasik continues. The company has said that they have an inventory that will last 3 – 4 weeks. The Nasik plant mainly manufactures SUVs. The scrip is down by 0.75%.

10:46 Market Live:

Hero Motorcorp is the most high profile gainer today and has gained nearly 3%. To know other stocks that are making money in a rather subdued market, click here.

10:51 Market Live:

CNX Midcap and BSE Small Cap have made small gains, both are up by around 0.3%.

10:56 Market Live:
Securities Appelate Tribunal (SAT) has adjourned Sahara's plea against SEBI to March 11.

11:05 Market Live:

NHPC shares are getting a lot of attention. The scrip is leading in the Nifty for volumes traded. For more volume leaders, click here.

11:12 Market Live:
Mahindra Holidays OFS today at floor price Rs 270/share; Mahindra & Mahindra holds 82.69% stake in Mahindra Holidays.

11:17 Market Live:

DLF board clears share sale of 3.58% via OFS; to convene shareholders meet on April 4 to seek approval. The scrip is up 2.4% at Rs 276.60.

11:21 Market Live:

Elder Pharma is up 6% on the news that the company is to form JV with KOSE Corporation of Japan; KOSE will hold 60%, Elder Pharma to hold 40% in JV.

11:27 Market Live:

ITC plans to enter dairy business in the next one year. The scrip is trading flat at this hour at Rs 286.25.

11:34 Market Live:
Southern Ispat board is to meet today to discuss raising of capital.

11:38 Market Live:

Hindustan Unilever, which is currently seeing a cut of 1.2%, has put prime real estate properties in Mumbai on the block.

11:44 Market Live:
Create your Stock Portfolio on Yahoo! Finance India in one step. It’s easy to use, it’s free and it tracks all your equities in one place! Just click here.

11:50 Market Live:

Infosys Ltd is trading at a 52-week high, at Rs 3009, up 1.3%.

11:55 Market Live:

Gold falls for the first tine in three days on US data, dollar.

12:00 Market Live:

EGoM clear RFP for FM Radio spectrum auctioneer; FM Radio spectrum auctioneer to get lumpsum fee; Phase-111 FM radio auction to be held in FY14.

12:10 Market Live:

Dredging Corp Rs 500 crore tax-free bond issue opens today. The scrip is trading strong and is up 3.5%.

12:14 Market Live:

Mahindra & Mahiendra stock is trading 0.7% lower on reports that its Nashik unit workers strike will continue if wage issues not resolved by March 11. Workers have been on strike since Tuesday; production hit by 1100 units.

12:21 Market Live:

Bank of India is up 0.6% on receipt of Rs 809 crore from the govt; had alloted 2.21 crore shares to the govt at Rs 365.70/share.

12:25 Market Live:
Bank Nifty has pulled back from the lows of the day but is still down 25 points at 11851.

12:29 Market Live:

Bank of Japan keeps asset purchase at 76 trillion yen; keeps overnight rate unchanged at 0-0.1%.

12:34 Market Live:

Gitanjali Gems gets shareholders nod to raise USD 250 million. The stock is up 0.7% at Rs 606.50.

12:39 Market Live:

Nimbus Projects board to meet on March 13 to mull acquisition of 100% stake in a Delhi-based company.

12:58 Market Live:

Higher government consumption to boost India’s GDP, says Moody’s. Sees India’s GDP growth for 2014 at 7% and for 2013 at 6.2%.



1:00 Market Live:

20 Microns board to meet on March 13 to discuss preferential issue. The scrip is up 2.4%.

1:00 Yahoo! India:
5 reasons to invest in equities now


1:04 Market Live:
Mahindra Holidays OFS update: Receives bids for 18.77 lakh shares (55.2%) as of 12.45 pm.

1:12 Market Live:

Tata Steel, which is trading down 1.8%, plans to raise $100 bn via overseas bond till March end.

1:14 Market Live:

Issues between Hero MotoCorp management and workers remain unresolved; the two to meet again tomorrow.

1:23 Market Live:

Kalpataru Power, which is trading higher from start of trade at Rs 84.30, gets an order worth Rs 1810 crore.

1:28 Market Live:

Coal India may reduce e-auction supply to 7% from 10%; reduction progressively from now to 2017, says Power Minister.

1:32 Market Live:

Investment approval for NTPC 1600 MW Orissa project delayed due to lack of land, forest clearance from Orissa, says Power Minister.

1:34 Market Live:

NTPC-CIL FSA signing remains stuck; certain clauses in FSA unacceptable to NTPC; NTPC and its JV companies aim to sign FSA for 25% of Coal India coal.

1:39 Market Live:

Europe has opened up positive with CAC and FTSE up 0.3% while DAX is up 0.2% from previous close.

1:44 Market Live:

Rashtriya Chemials Fertilizers OFS tomorrow; government to sell 12.5% stake. The scrip is currently down 1.6%.

1:47 Market Live:
Rupee is trading at 54.57/$, down 0.3% from previous close.

1:56 Market Live:
The market is absolutely flat at this hour with Sensex at 19269, up 16 points from close, while Nifty is up 2 points at 5820.

2:05 Market Live:
Mahindra Holidays OFS update: Subscribed 1.33x; gets bids for 45.4 lakh shares; indicative price Rs 271.36/share.

2:09 Market Live:

No provision for settling SFIO (serious frauds investigation office) case, says Corporate Affairs Minister. SFIO to get intelligence unit; to start functioning in FY14, he adds.

2:14 Market Live:

Check out the top gainers in today’s trade at: [You must be registered and logged in to see this link.]

2:19 Market Live:

CNX Midcap is trading with modest gains at 7738, up 0.3% while BSE Smallcap is up 0.4% at 6261.

2:23 Market Live:

Coal India achieves 96% of production in February at 42.62 mt versus target of 44.37 mt; Feb offtake at 39.76 mt versus target of 40.90 mt.

2:29 Market Live:

April-Feb production for Coal India at 398 mn tonne versus target of 413.7 mn tonne.

2:31 Market Live:
Europe is trading steady at this hour with CAC up 0.4% from close, FTSE up 0.2% while DAX is up 0.1%.

2:39 Market Live:
Market is up from the lows of the day though it is still trading with modest gains. Sensex is up 45 points at 19298 while Nifty is up 10 points at 5828.

2:46 Market Live:

Investigation committee sends summons to Walmart authorities in bribery case.

2:51 Market Live:

Tata Consultancy made new high in today's trade by rising 2%. It is currently trading up 1.9% at Rs 1587.90.

2:54 Market Live:

February WPI inflation seen near January levels, says Finance Ministry sources.

3:03 Market Live:

In three block deals, 0.9% equity of Future Ventures change hands. The scrip is currently down 1.5%/

3:13 Market Live:
Market is at the day's high point with Sensex at 19395, up 142 points, while Nifty is up 37 points at 5856.

3:15 Market Live:
Bank Nifty is trading up 0.8% at 11968 with CNX Midcap index up 0.5% and BSE Smallcap index up 0.8%/

3:22 Market Live:
Brent Crude is trading at $111.21 while Nymex Crude is at $90.61.

3:28 Market Live:
Nifty is trading above 100-DMA at 5872, up 53 points.

3:28 Market Live:
Nifty has rallied 170 points (2.9%) in the last three trading sessions.

3:31 Market Live:
Indian market closes on a strong note with Sensex closing up 212 points at 19464 (provisional) while Nifty above 57 odd points at 5875 (provisional).

3:32 Market Live:
Nifty closes above 100-DMA of 5846.

3:37 Market Live:

IT sector outperformed in trade today with Infosys up 1.3%, Wipro 1.8% while HCL Technologies closed up 2.1%.

3:41 Market Live:

For list of gainers in today’s trade, check out this list.

3:46 Market Live:
Mahindra Holidays OFS update: Subscribed 2.5x; gets bids for 87 lakh shares as of 3.25 pm; indicative price Rs 272.59/share.

3:51 Market Live:

Stocks like Jindal Steel (down 2.3%), HUL (down 1.7%) and Coal India (down 1.3%) led the losers in today’s trade. Check out more at:

3:55 Market Live:

CNX Realty rallies 10%, Bank Nifty rallies 3.4% while CNX IT rallies 4.4% in the last three trading sessions.

4:02 Market Live:
Mar

March 7, 20138:49

SGX Nifty is down 10.5 points, a decline of around 0.2% and is currently at 5,835.

8:56 Market Live:
Mixed sentiments at the Chinese bourses. Hang Seng is up 0.24% and Shanghai is down 0.14%. Singapore is trading flat and is down just one point.

8:58 Market Live:
Most Asia stocks are trading in the red. However Japan’s Nikkei rallied over the 0.5% and crossed the 12,000 mark for the first time since September 2008. For more on that story click here.

9:01 Market Live:

Market pre-opening: Nifty has declined 0.7%, down 40 points and is trading around 5,770. Sensex is hovering around 19,280, up 40 points.



9:04 Market Live:
Rupee opens at 54.89 per dollar, weaker by 0.3%.

9:07 Market Live:

U.S. stocks closed mostly higher with Dow Jones extending its record rise by 0.3%. S&P 500 posted a small gain of 0.08%. It is now just 24 points from its all-time closing high that it reached in October 2007. Nasdaq was down a meagre 2 points, 0.07%. Click here to read more about the U.S markets.



9:14 Market Live:

Just minutes left for the markets to open. The pre-opening session has not been upbeat. Sensex is down 30.5 points and is trading around 19,220. Nifty is settling around 5820, down 20 points.

9:16 Market Live:

Markets Open! Sensex is down 30 points and is trading at 19,220. Nifty hovering at 5,800, a decline of 8 points.

9:20 Market Live:

CNX Midcap is trading flat around 7,715.

9:26 Market Live:
Euronext is all set to pull out of MCX. The 4.8% stake sale could fetch Euronext as much as U.S $46 million. MCX is currently down almost 4%.

9:30 Market Live:
Mahindra and Mahindra to commence tractor production at their Andhra plant. Click here to know more.

9:34 Market Live:
Bank Nifty is down over 0.3% and trading at 11,830. This index is being pulled down parlty by ICICI, down over 0.5%.

9:46 Market Live:
To revive flagging sales Tata Motors has slashed prices on its Indica and Manza models. Morover in a unique move, it has offered to buyback it's Manza model after three years at 60% of the purchase price. Tata Motors is one the big losers at the markets today. The scrip is down almost 1.5%.

9:59 Market Live:

Tata Power has declared that its 4,000 MW Mundra ultra mega power project (UMPP) is now fully operational. The Mundra plant is the country's first UMPP. The scrip is up by over 0.5%.

10:04 Market Live:
Gold is trading at 29,661 up by 66 points and Silver is trading at 55,163 gaining almost 200 points.

10:06 Market Live:

Create your Stock Portfolio for on Yahoo! Finance India in one step. It’s easy to use, it’s free and it tracks all your equities on one place! Just click here.

10:15 Market Live:

One hour into trading and the markets have been flat, after a relatively soft opening. Sensex is down 20 points, hovering around 19,230. Nifty is flirting with the 5,800 mark and has declined by 10 points.

10:19 Market Live:
Rupee is trading at 54.78 per dollar, weaker by 0.11%. To know what might happen to the rupee in course of the day, read here.

10:27 Market Live:

Adani Power is up almost 1.25%. It is also leads the market in terms of volumes. To get a full list on volume leaders click here.

10:34 Market Live:

MCX is showing signs of recovery. The scrip plummeted as markets opened and was down by 4% about an hour ago. It is currently down 2%. It is speculated that Euronext might sell its stake in MCX. For more on that story, click here.

10:40 Market Live:

The tools down strike at the Mahindra and Mahindra plant at Nasik continues. The company has said that they have an inventory that will last 3 – 4 weeks. The Nasik plant mainly manufactures SUVs. The scrip is down by 0.75%.

10:46 Market Live:

Hero Motorcorp is the most high profile gainer today and has gained nearly 3%. To know other stocks that are making money in a rather subdued market, click here.

10:51 Market Live:

CNX Midcap and BSE Small Cap have made small gains, both are up by around 0.3%.

10:56 Market Live:
Securities Appelate Tribunal (SAT) has adjourned Sahara's plea against SEBI to March 11.

11:05 Market Live:

NHPC shares are getting a lot of attention. The scrip is leading in the Nifty for volumes traded. For more volume leaders, click here.

11:12 Market Live:
Mahindra Holidays OFS today at floor price Rs 270/share; Mahindra & Mahindra holds 82.69% stake in Mahindra Holidays.

11:17 Market Live:

DLF board clears share sale of 3.58% via OFS; to convene shareholders meet on April 4 to seek approval. The scrip is up 2.4% at Rs 276.60.

11:21 Market Live:

Elder Pharma is up 6% on the news that the company is to form JV with KOSE Corporation of Japan; KOSE will hold 60%, Elder Pharma to hold 40% in JV.

11:27 Market Live:

ITC plans to enter dairy business in the next one year. The scrip is trading flat at this hour at Rs 286.25.

11:34 Market Live:
Southern Ispat board is to meet today to discuss raising of capital.

11:38 Market Live:

Hindustan Unilever, which is currently seeing a cut of 1.2%, has put prime real estate properties in Mumbai on the block.

11:44 Market Live:
Create your Stock Portfolio on Yahoo! Finance India in one step. It’s easy to use, it’s free and it tracks all your equities in one place! Just click here.

11:50 Market Live:

Infosys Ltd is trading at a 52-week high, at Rs 3009, up 1.3%.

11:55 Market Live:

Gold falls for the first tine in three days on US data, dollar.

12:00 Market Live:

EGoM clear RFP for FM Radio spectrum auctioneer; FM Radio spectrum auctioneer to get lumpsum fee; Phase-111 FM radio auction to be held in FY14.

12:10 Market Live:

Dredging Corp Rs 500 crore tax-free bond issue opens today. The scrip is trading strong and is up 3.5%.

12:14 Market Live:

Mahindra & Mahiendra stock is trading 0.7% lower on reports that its Nashik unit workers strike will continue if wage issues not resolved by March 11. Workers have been on strike since Tuesday; production hit by 1100 units.

12:21 Market Live:

Bank of India is up 0.6% on receipt of Rs 809 crore from the govt; had alloted 2.21 crore shares to the govt at Rs 365.70/share.

12:25 Market Live:
Bank Nifty has pulled back from the lows of the day but is still down 25 points at 11851.

12:29 Market Live:

Bank of Japan keeps asset purchase at 76 trillion yen; keeps overnight rate unchanged at 0-0.1%.

12:34 Market Live:

Gitanjali Gems gets shareholders nod to raise USD 250 million. The stock is up 0.7% at Rs 606.50.

12:39 Market Live:

Nimbus Projects board to meet on March 13 to mull acquisition of 100% stake in a Delhi-based company.

12:58 Market Live:

Higher government consumption to boost India’s GDP, says Moody’s. Sees India’s GDP growth for 2014 at 7% and for 2013 at 6.2%.



1:00 Market Live:

20 Microns board to meet on March 13 to discuss preferential issue. The scrip is up 2.4%.

1:00 Yahoo! India:
5 reasons to invest in equities now


1:04 Market Live:
Mahindra Holidays OFS update: Receives bids for 18.77 lakh shares (55.2%) as of 12.45 pm.

1:12 Market Live:

Tata Steel, which is trading down 1.8%, plans to raise $100 bn via overseas bond till March end.

1:14 Market Live:

Issues between Hero MotoCorp management and workers remain unresolved; the two to meet again tomorrow.

1:23 Market Live:

Kalpataru Power, which is trading higher from start of trade at Rs 84.30, gets an order worth Rs 1810 crore.

1:28 Market Live:

Coal India may reduce e-auction supply to 7% from 10%; reduction progressively from now to 2017, says Power Minister.

1:32 Market Live:

Investment approval for NTPC 1600 MW Orissa project delayed due to lack of land, forest clearance from Orissa, says Power Minister.

1:34 Market Live:

NTPC-CIL FSA signing remains stuck; certain clauses in FSA unacceptable to NTPC; NTPC and its JV companies aim to sign FSA for 25% of Coal India coal.

1:39 Market Live:

Europe has opened up positive with CAC and FTSE up 0.3% while DAX is up 0.2% from previous close.

1:44 Market Live:

Rashtriya Chemials Fertilizers OFS tomorrow; government to sell 12.5% stake. The scrip is currently down 1.6%.

1:47 Market Live:
Rupee is trading at 54.57/$, down 0.3% from previous close.

1:56 Market Live:
The market is absolutely flat at this hour with Sensex at 19269, up 16 points from close, while Nifty is up 2 points at 5820.

2:05 Market Live:
Mahindra Holidays OFS update: Subscribed 1.33x; gets bids for 45.4 lakh shares; indicative price Rs 271.36/share.

2:09 Market Live:

No provision for settling SFIO (serious frauds investigation office) case, says Corporate Affairs Minister. SFIO to get intelligence unit; to start functioning in FY14, he adds.

2:14 Market Live:

Check out the top gainers in today’s trade at: [You must be registered and logged in to see this link.]

2:19 Market Live:

CNX Midcap is trading with modest gains at 7738, up 0.3% while BSE Smallcap is up 0.4% at 6261.

2:23 Market Live:

Coal India achieves 96% of production in February at 42.62 mt versus target of 44.37 mt; Feb offtake at 39.76 mt versus target of 40.90 mt.

2:29 Market Live:

April-Feb production for Coal India at 398 mn tonne versus target of 413.7 mn tonne.

2:31 Market Live:
Europe is trading steady at this hour with CAC up 0.4% from close, FTSE up 0.2% while DAX is up 0.1%.

2:39 Market Live:
Market is up from the lows of the day though it is still trading with modest gains. Sensex is up 45 points at 19298 while Nifty is up 10 points at 5828.

2:46 Market Live:

Investigation committee sends summons to Walmart authorities in bribery case.

2:51 Market Live:

Tata Consultancy made new high in today's trade by rising 2%. It is currently trading up 1.9% at Rs 1587.90.

2:54 Market Live:

February WPI inflation seen near January levels, says Finance Ministry sources.

3:03 Market Live:

In three block deals, 0.9% equity of Future Ventures change hands. The scrip is currently down 1.5%/

3:13 Market Live:
Market is at the day's high point with Sensex at 19395, up 142 points, while Nifty is up 37 points at 5856.

3:15 Market Live:
Bank Nifty is trading up 0.8% at 11968 with CNX Midcap index up 0.5% and BSE Smallcap index up 0.8%/

3:22 Market Live:
Brent Crude is trading at $111.21 while Nymex Crude is at $90.61.

3:28 Market Live:
Nifty is trading above 100-DMA at 5872, up 53 points.

3:28 Market Live:
Nifty has rallied 170 points (2.9%) in the last three trading sessions.

3:31 Market Live:
Indian market closes on a strong note with Sensex closing up 212 points at 19464 (provisional) while Nifty above 57 odd points at 5875 (provisional).

3:32 Market Live:
Nifty closes above 100-DMA of 5846.

3:37 Market Live:

IT sector outperformed in trade today with Infosys up 1.3%, Wipro 1.8% while HCL Technologies closed up 2.1%.

3:41 Market Live:

For list of gainers in today’s trade, check out this list.

3:46 Market Live:
Mahindra Holidays OFS update: Subscribed 2.5x; gets bids for 87 lakh shares as of 3.25 pm; indicative price Rs 272.59/share.

3:51 Market Live:

Stocks like Jindal Steel (down 2.3%), HUL (down 1.7%) and Coal India (down 1.3%) led the losers in today’s trade. Check out more at:

3:55 Market Live:

CNX Realty rallies 10%, Bank Nifty rallies 3.4% while CNX IT rallies 4.4% in the last three trading sessions.

4:02 Market Live:
Market ended a positive session of trade on a strong note with both the benchmark indices closing with substantial gains. Sensex closed up 160 odd points higher at 19413 while Nifty gained 44 points and ended at 5863.

4:12 Market Live:

The strike at Nashik unit of M&M is called off and the management and the union have reached to a settlement. The management has withdrawn the suspension of two workers but some long term hiccups are still there. The talks are going on to settle other disputes. The terms of settlement are yet to be known but earlier the workers demanded an average salary hike of Rs 36,000. The management and the union have set April 15 as the date to reach to a pact on salary hike dispute.

4:36 Market Live:



The offer for sale of Mahindra Holidays gets overwhelming response and the OFS gets bid for 87 lakh shares, one-and-a-half times more than the number of stocks on offer. The indicative price of the OFS was Rs 272.59 while the floor price set by the issuer was Rs 270. Government has indicated that it would also come out with OFS issues of some PSU entities in the next two weeks. The response that Mahindra Holidays has got is certainly encouraging to companies like SAIL, MMTC and RCF as they are slated to come out with their OFS issues.

5:02 Market Live:

Rupee closes at Rs 54.56 per Dollar versus Rs 54.72 on Wednesday
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