Rupee ends 6 paise up against US dollar at 79.52
The Indian rupee ended 6 paise up, at 79.52, against the US dollar on Monday following stronger regional currencies and risk-on sentiments ahead of inflation data.
At the Interbank foreign exchange market, rupee ended at 79.52, as against 79.58 against the US dollar.
“Indian rupee appreciated for the third day in a trot following stronger regional currencies and risk-on sentiments ahead of inflation data. The market is expecting a surge in inflation to 6.9 per cent from the previous 6.7 per cent amid higher commodity prices,” said Dilip Parmar, Research Analyst, HDFC Securities.
The Dollar index, which gauges the the strength of greenback against the basket of six major currencies, was at 107.942.
“Inflation will take centre stage this week as major economies unveil CPI updates. DXY has sharply cooled off from 110.78 to below 109.00 levels with hawkish ECB lifting the euro. But DXY may find support at 108.20 levels,” said Kunal Sodhani, Vice President, Global Trading Center, Shinhan Bank.
“Prices have been taking support near 79.90-80.00 mark strongly and faced resistance near 79.50, which is the 50 dma mark, if prices starts trading higher above 79.50 on rupee then further rise in rupee can be seen which can take price of rupee towards 79.00 levels,” said Jateen Trivedi, VP Research Analyst at LKP Securities.
Brent crude oil prices were at $93.78 a barrel by the closing of Indian market hours.
Meanwhile, Benchmark indices ended sharply up on Monday following firm global cues.
Sensex ends up 321.99 points, or 0.54 per cent, at 60,115.13, and Nifty closed 103.00 points, or 0.58 per cent, up at 17,936.35. As many as 2,189 shares advanced, 1,394 shares declined, and 176 shares remained unchanged.
Titan, Axis Bank, Tech Mahindra, Tata Steel, Infosys were major gainers on the Sensex. BSE LargeCap was 0.64 per cent up, and BSE SmallCap and MidCap closed 1 per cent and 0.89 per cent up.
Opening Bell: Markets Trade Flat Amid Mixed Global Cues; Sensex At 63,182.52, Nifty At 18,738.55
The markets on Thursday morning were trading flat with Sensex at 63,182.52, up by 39.56 points and Nifty was at 18,738.55 with a gain of 12.15 points. Nestle, Tata Motors, NTPC, Bharti Airtel and Power Grid were the top gainers in the morning session whereas Kotak Bank, Axis Bank, TCS, Hindustan Unilever and Tata Steel were the top losers.
Markets on Wednesday
The markets on Wednesday closed higher for the fourth straight session with Sensex at 63,142.96, up by 350.08 and Nifty at 18,726.40 with a gain of 127.40 points. All sectors were in the green with FMCG, Power, oil and gas, capital goods, realty and metal up by 1 per cent each.
Ahead of key economic and policy events next week the Dow Jones Industrial Average added 91.74 points to 33,665.02. However, the S&P 500 dropped by 16.33 at 4,267.52 and Nasdaq ended lower at 13,104.90 down by 171.52 points.
The Asian stock markets on Thursday were mixed with Hong Kong’s Hang Seng was at 19,227.84 with a loss of 24.16 points, South Korea’s KOSPI was relatively flat at 2,610.52 with a dip of 5.08 points and Japan’s Nikkei 225 dropped 6.83 points at 32,906.91. However, Singapore’s SGX Nifty was higher with a gain of 11 points at 18,823.
After oil prices saw a jump of 1 per cent on Wednesday, they were relatively stable on Thursday as investors took into consideration the increasing demand concerns over a global economic slowdown in the backdrop of expected fall in supply from Saudi output cuts. Brent crude futures were down 1 cents at $76.94 per barrel and US West Texas Intermediate crude was at $72.58 per barrel with a gain of 11 cents.
Tom Cruise ‘would love to meet someone special’ after three failed marriages
Hollywood star Tom Cruise has been married to Hollywood stars Mimi Rogers, Nicole Kidman and Katie Holmes, with the actor most recently being romantically linked to Shakira.
The unlikely pair met at the Formula 1 Grand Prix and while it seems Tom was “very interested in pursuing” the singer, she wasn’t so keen, reports
A source has revealed Tom’s friends have now given him some dating advice as he searches for “the one.”
The comments come after it was revealed Shakira “begged” Tom to “stop flirting with her” as the situation became “too much” for her following her painful split with Gerard Pique.
The 46-year-old singer and Barcelona defender, 36, announced their shock breakup in June last year after 12 years together.
Gerard has since moved on with Clara Chia Marti, 24.
“She doesn’t want to embarrass or upset him, but there’s no attraction or romance on her part – she was just being friendly. She’s flattered but not interested,” an insider told Heat Magazine.
The insider added that Tom has been searching for the right woman for years and said he has “the highest standards” and won’t settle for “second best” in a potential lover.
World’s slowest student completes his ‘Graduation’ after 54 years
Arthur Ross finally completed his Bachelor of Arts degree from the University of British Columbia (UBC) on Thursday, May 25 after more than five decades after he started his university degree. Mr Ross, 71, is now the new record holder for the longest time to complete a university degree after taking 54 years to graduate.
“The headline on your story should be ‘UBC finally graduates its slowest student,'” the now 71-year-old retiree told UBC with an easy laugh.
Mr Ross enrolled in UBC in 1969. In an interview with BBC, Mr Ross said, “I just wanted to learn because I was curious. That desire for learning, he said, is what inspired him to finish his degree after all these years.
According to a UBC press release, Mr Ross’s initial plan was to get a degree in English, but by his second year, Mr Ross’s passion for the theatre had fully taken over and he was spending as much time as possible in the theatre department, doing shows and taking courses to pursue his nascent goal of becoming an actor.
“I was besotted with theatre at the time. It was alive then, with a sense of vitality and newness. It seemed just electric to me,” Ross remembers. In the department, Ross would cross paths with renowned Canadian actors such as Nicola Cavendish, Larry Lillo, Brent Carver and Ruth Nichol, inspiring him further to pursue theatre.
Two years into his degree at UBC and with stars in his eyes, Ross left to complete a three-year program at the National Theatre School of Canada in Montreal. But the practical reality of the actor’s life and his assessment of his own proficiency brought him to a painful conclusion.
“I liked it too much. It wasn’t going to be healthy for me. I knew I was a good actor but I always thought you had to be great.”
So he did what any aspiring actor who recognizes they may be outclassed would do in 1975. Ross took his three years of academic work at UBC and went to law school in Toronto, graduated and spent 35 years as a civil litigator in Metro Vancouver before retiring in 2016.
In November 2016, he called UBC, got a new student number, and by January of 2017 he was a part-time student focusing on history, with a particular interest in the First World War.
“I simply could not grasp why so many people would be prepared to participate in this butchery,” he explains. “However, the great revelation of pursuing a history degree was not in answering that initial question, but in looking at the sordid nature of Canadian history.”
“I’m appreciative of the students accepting that old guy tuning in from outer space,” he told UBC.
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