The rupee however fell to 2-month low of 64.51 against the US dollar, against its previous close of 64.21, amid a broad strengthening of the greenback. On Friday, the rupee had ended 30 paise lower at 64.21 against the US dollar on rising global crude prices and worsening trade deficit. Currency markets were closed yesterday. In recent trade, the rupee was trading at 64.44 against the US dollar.
IT and metal stocks led the gains today while realty, healthcare and PSU banking stocks were under pressure. Among Nifty 50 stocks, Hindalco, Tata Steel, TCS and Vedanta were up between 1 per cent and 2 per cent. Kotak Mahindra Bank, Coal India, Cipla, Aurobindo Pharma and Bharti Infratel were among the laggards.
Among PSU banks, PNB was down over 3 per cent at Rs 112, extending its decline to the fifth day.
The pan-European STOXX index fell 0.6 percent on Monday following a three-day ascent, dragged down by falls in consumer staples stocks. US markets were closed on Monday for a holiday, and the focus will be on whether Wall Street can maintain its recovery once trading resumes. The Dow gained 4.5 percent last week, winning back more than half of the territory lost during a sharp downturn earlier in the month.
The VIX index - Wall Street's "fear gauge" measure of market volatility - has slipped below 20, less than half the 50-point peak touched earlier in February. The dollar index against a basket of six major currencies was 0.3 per cent higher at 89.348 to put further distance between a three-year low of 88.253 set on Friday. The dollar was a shade higher at 106.720 yen and the euro dipped 0.15 percent to $1.2388. (With Agency Inputs)
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