The National Stock Exchange (NSE) of India has been allowed for trading in currency future by the Security and Exchange Board of India. It will be the first exchange in India to start currency trading. NSE future trading is expected to launch on Aug 29.

In currency future trading, some recognized stock exchanges are allowed to buy or sell one currency against another on a specified future data. The price for future trading is fixed by selling or purchase of data. Only the firm USD-INR is covered under currency futures trade in India by the approval of RBI.

The contract for future trading would be worth $1,000 with the validity period of a month. The entire deal would be traded in Indian rupees at the reference rate of RBI on the last trading day.  

Stock market analysts have maintained ‘buy’ rating on Tata Motors stock with an intraday target of Rs 435.

The 30-share index BSE Sensex continued to trade in the positive terrain on the back of good buying action witnessed in pivotal stocks.

Realty, metal, power and banking stocks went up while FMCG and IT traded negatively.

BSE Midcap and Smallcap gained 0.95% & 0.82% respectively.

At 12:59 p.m, Sensex gained 93.93 points, or 0.65%, at 14,637.66, after touching a high of 14,703.57 and a low of 14,584.03.

Stock market analysts have maintained ‘buy’ rating on Suzlon Energy Ltd stock with an intraday target of Rs 242.

According to them, interested traders can purchase the stock above Rs 238 with a strict stop loss of Rs 232. If the stock market remains on positive track, the next target will be above Rs 244.

Shares of the company, on Tuesday (Aug 19), closed at Rs 238.05 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 764940. Current EPS & P/E ratio stood at 8.45 and 28.17 respectively. The share price has seen a 52-week high of Rs 460 and a low of Rs 174.50 on BSE.

Karvy Stock Broking Limited has maintained ‘Buy’ rating on Reliance Industries Ltd (RIL) stock with an intraday target of Rs 2265.

According to Karvy, day traders can purchase the stock above Rs 2220 with a strict stop loss of Rs 2200. The stock pricing becomes more attractive, and reach above Rs 2269, if the stock market remains on positive track.

Stock market analyst Hitendra Vasudeo of stockmechanics.com has maintained ‘buy’ rating on Larsen & Toubro stock with an intraday target of Rs 2735.

According to Mr. Vasudeo, interested traders can purchase the stock above Rs 2715 with a strict stop loss of Rs 2695. If the stock market remains positive, the stock pricing becomes more attractive, and reach above Rs 2747.4.
 
Shares of the company, on Tuesday (Aug 19), closed at Rs 2674.45 on the Bombay Stock Exchange (BSE). The total volume of shares traded at the BSE was 340810. Current EPS & P/E ratio stood at 78.62 and 34.52 respectively. The share price has seen a 52-week high of Rs 4670 and a low of Rs 2100 on BSE.