Indian shares hold steady; rupee breaches 80/dollar ✔️ Stratford Management Tokyo Japan

July 19, 2022
Posted by: Stratford Team
Category: Economy

A general view of the Bombay Stock Exchange (BSE), after Sensex surpassed the 50,000 level for the first time, in Mumbai, India, January 21, 2021. REUTERS/Francis Mascarenhas

BENGALURU, July 19 (Reuters) – Indian shares were muted on Tuesday, looking for direction amid the onset of earnings season, while the rupee surpassed the psychological mark of 80 against the dollar to hit a record low.

The NSE Nifty 50 index (.NSEI) was up 0.08% at 16,295.60, as of 0509 GMT, while the S&P BSE Sensex (.BSESN) rose 0.12% to 54,584.43. Both the indexes rose more than 1% in the previous session, with the Nifty hitting its highest since June 10.

Asian shares slipped, following overnight declines on Wall Street, and the dollar hovered below last week’s peak, with main focus on the earnings season.

“The overall market setup looks decent. Concerns over…