Today, October 15, the Indian rupee stayed fairly steady, with a drop in crude oil prices offsetting the impact of weaker Asian currencies and higher dollar demand from foreign banks. The rupee ended slightly up from the previous session close of 84.06 to finish at 84.0375 against the U.S. dollar

Nifty's short-term trend remains volatile, say experts, with the market currently confined to a wider range of 25,200-24,900 levels. If the market decisively surpasses the 25,200 levels, it could potentially reach around 25,500-25,600 levels in the near future. Experts say the immediate support is positioned at 24,900 levels. At close of trade Sensex ws down 153 points at 81820 while Nifty ended down 70 points at 25057.

The stimulus measures announced in China have had a positive impact on the metal sector in India, say experts. Prices of steel on the international market have risen by 15% since reaching their lowest point this month. Over the last two weeks, steel prices have gone up by approximately Rs 1,000 to Rs 1,500 per ton. India may also see a rise in steel prices.

Source: Media Reports