Forex traders said rising US-China tension weighed on the local currency even as positive domestic equities and improving risk appetite supported the local unit

U.S. stock futures, S&P 500 e-minis ESc1, rose 0.36% on Thursday in Asia following another positive session on Wall Street overnight, highlighting the positive mood

Stock Market LIVE Updates: Ceat, Agro Tech Foods, Daawat, Federal Bank, Lupin, Muthoot Finance, Radico, TVS Motors, Wendt among others will announce will be reporting their quarterly results today.

Indian states have been wanting to lift ban on the sale of liquor since the implementation of lockdown in the country. The state governments have been running out of money to sustain their fight against novel coronavirus. The nationwide lockdown has dried up GST collection for states and strained their finances. Some states have even imposed higher taxes on alcohol to compensate for lack of income from other sources, amid lockdown. With 16 crore alcohol users in India, taxes on alcohol have always been a stable source of revenue for states. Watch the video for more.Also Read: Rising global crude price raises India's basket 93% to $33

The price of Indian basket, which went down to $16.92 a barrel on April 27, surged by 93 per cent since then to $32.63

The rupee opened weak at 75.72 at the interbank forex market and then fell further to 75.74, down 8 paise over its last close

As Mukesh Ambani's children play a greater role in Reliance Industries, the group is adding muscle to its digital, retail and petrochemicals businesses

CRISIL opined that it is not possible for India to return to its pre-pandemic growth levels at least for the next three fiscals despite policy support

Metal stocks such as JSW Steel, Jindal Steel, Tata Steel and Hindalco rallied today with more countries easing restrictions post the coronavirus lockdown, although gains were kept under check amid rising trade tensions between US and China

Brent crude futures were up nearly 1.7%, or 59 cents to $36.12, adding to a 1.1% gain on Monday in thin holiday trading

Forex market was closed on Monday for Id-Ul-Fitr. On Friday, rupee had settled at 75.95 against the US dollar

Stock Market LIVE Updates: ITC, IndusInd Bank, HDFC Bank, Tata Steel, Titan, UltraTech Cement and L&T were among the top gainers on BSE Sensex pack. On the other hand, Bharti Airtel, TCS, Hero MotoCorp and Infosys were among the top laggards

\"The shortfall in gas production (by ONGC) is primarily due to less gas offtake by consumers due to COVID-19 lockdown,\" oil ministry said

The top four drags on the Nifty 50 were banks or finance companies. The nation's top mortgage lender HDFC Ltd fell 5.1% to Rs 1,515 compared to previous close of Rs 1,597.30

Axis Bank was the top laggard in the Sensex pack, plunging more than 5 per cent, followed by HDFC, Bajaj Finance, ICICI Bank, Tata Steel, Bajaj Auto, HDFC Bank and IndusInd Bank

Most cash-starved companies are forced to cut jobs as coronavirus lockdown has  brought the economy to a complete standstill

Beijing, nonetheless, pledged to issue 1 trillion yuan ($140 billion) of special treasury bonds to support companies and regions hit by the pandemic

\"More space will open up to address risk to growth if the inflation trajectory remains as expected,\" RBI Governor said in the statement

Overseas, the market turned volatile by the afternoon session as investors fretted over concerns of the long-term impact of COVID-19 and worsening China-US relations kept investors on edge

Forex traders said a positive start of domestic stocks supported the local unit, while sustained foreign fund outflows and concerns over coronavirus outbreak weighed on the local unit