After Noon Intraday Market News By CapitalHeight

Reserve Bank of India (RBI) Governor Raghuram Rajan said he was not in favour of devaluing exchange rates to boost economic growth, signalling India will not join other countries such as China or Japan in pushing down their currencies.

         Rupee has been one of the worst performers in Asia this year, falling by nearly 3 percent after strong foreign investment outflows from equity markets.

        The market continues to rally as the Sensex is up 580.93 points or 2.5 percent at 23567.05 and the Nifty is up 182.60 points or 2.6 percent at 7163.55. About 1984 shares have advanced, 586 shares declined, and 110 shares are unchanged.

      Capital Goods, Metals, Oil & Gas, Auto are among favourites today.

        Tata Steel, Hindalco, L&T, SBI and Adani Ports are top gainers while Bharti Airtel, HUL and HDFC are losers in the Sensex.

        Crude oil futures slipped 0.30 percent to Rs 2,000 per barrel today, in line with a weak trend in Asian trade, as traders cut down their exposure. Analysts said the fall in crude oil futures is mostly in step with a weak trend in Asian trade after soaring at the end of last week as Iran prepared to ship its first consignment of the commodity since sanctions were lifted, reigniting worries over a global supply glut.
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