Sunday, December 16News That Matters

Market

Sensex plunges 572 points to 35,312; Nifty tumbles 182 points to 10,601 :

Sensex plunges 572 points to 35,312; Nifty tumbles 182 points to 10,601 :

Business & Corporate, Market
Benchmark domestic stocks today closed with losses for third consecutive day. The indices witnessed fall of more than one and half a percent following weak global cues, weak rupee and sustained selling by foreign as well as domestic institutional investors. The Sensex at the Bombay Stock Exchange plunged 572 points, or 1.6 percent, to 35,312. The Nifty at National Stock Exchange also tumbled 182 points, or 1.7 percent, to 10,601
Gold prices down by Rs 65 to Rs 31,475 per ten grams

Gold prices down by Rs 65 to Rs 31,475 per ten grams

Market
Gold fell 65 rupees, to 31,475 rupees per ten grams at Delhi's bullion market today. Traders said appreciating rupee as well as weak demand in the overseas market led to a slide in gold prices. Fall in demand from jewelers as well as retailers kept pressure on the prices. Silver lost 85 rupees, to 37,075 rupees per kilo on weak demand from industrial units and coin makers. Silver coins ended flat, at 72,000 rupees for buying 100 pieces.
India’s economy grows at 7.1 per cent for 2nd part of 2018-19

India’s economy grows at 7.1 per cent for 2nd part of 2018-19

Market
India's economy grew at 7.1 per cent for the second quarter of 2018-19 according to data released by Central Statistics Office today. These estimates represent a sizable jump from last year’s second quarter growth rate estimates, indicating sustained acceleration in country's economic growth. The Gross Domestic Product, GDP at constant prices had grown at 6.3 per cent in July-September quarter of the last fiscal. The CSO estimates state that GDP at constant prices was 33.98 lakh crore rupees for second quarter this fiscal, which is a marked increase from 31.72 lakh crore rupees for the same period in 2017-18. Welcoming this development, Chairman of the Economic Advisory Council to Prime Minister, Dr. Bibek Debroy, attributed this positive trend to government’s successful policy ef
FPIs inflow hit 10 months high of Rs 12260 cr in November

FPIs inflow hit 10 months high of Rs 12260 cr in November

Market
Overseas investors have pumped 12,260 crore rupees into the Indian capital markets last month. It was the highest inflow in 10 months due to falling crude oil prices and sharp rupee appreciation. In January this year, foreign portfolio investors, FPIs, had put in 22,240 crore rupees in the capital markets. According to the latest depository data, FPIs invested a net sum of 6,913 crore rupees in equities last month and over 5,340 crore rupees in the debt market. The inflow comes following a net withdrawal of close to 60,000 crore rupees from the capital markets, equity and debt together, in September and October this year. Prior to that, FPIs, had invested 7,300 crore rupees during July and August.
Gold futures up Rs 34 as participants create position

Gold futures up Rs 34 as participants create position

Market
New Delhi, Nov 22 (PTI) Gold prices rose by Rs 34 to Rs 30,859 per 10 gram in futures trading Thursday as speculators widened their bets, tracking a firm trend overseas. At the Multi Commodity Exchange, gold for delivery in December was trading higher by Rs 34,or 0.11 per cent, to Rs 30,859 per 10 gram, in a business turnover of 676 lots. Similarly, the February rates of the precious metal was up by Rs 23, or 0.07 per cent, at Rs 31,097 per 10 gram, with a business volume of 115 lots. Analysts said raising of bets by participants, taking positive cues from global market as weakness in dollar raised demand for the precious metal as a safe-haven, mainly pushed up gold prices at futures trade here. Globally, gold rose 0.11 per cent to trade at USD 1,228 an ounce in Singapore
Rupee rises 35 paise to 71.11 against US dollar

Rupee rises 35 paise to 71.11 against US dollar

Market
Mumbai, Nov 22 (PTI) Rising for the seventh straight day, the rupee strengthened by 35 paise to 71.11 against the US dollar in early trade Thursday on the back of falling crude oil prices. Traders said dollar's weakness against some currencies overseas and increased selling of the greenback by exporters and banks also supported the rupee. They said fresh foreign fund inflows and a steep fall of nearly 7 per cent in global crude prices to one-year low on Tuesday buoyed rupee sentiments. At the interbank forex market, the rupee opened higher at 71.12 and rose further to quote at 71.11, showing a rise of 35 paise over its previous close of 71.46 against the dollar on Tuesday. The rupee had gained 21 paise to end at 71.46 against the US dollar Tuesday. In the last six trading se
Sensex rises over 100 points in early trade

Sensex rises over 100 points in early trade

Market
The benchmark BSE Sensex recovered over 100 points in early trade on fresh gains in bluechips like Infosys, RIL, TCS and HDFC amid rising rupee and easing crude prices. The 30-share index bounced by 134.93 points, or 0.38 per cent to 35,334.73, with sectoral indices led by IT, teck, FMCG and oil and gas stocks advancing up to 1.15 per cent. The barometer had lost over 575 points in the previous two sessions. Also, the NSE Nifty was up 36.75 points, or 0.36 per cent, at 10,636.80. Brokers said fresh buying by domestic institutional investors (DIIs) and retailers, coupled with strengthening rupee against the US dollar and falling global crude oil prices, influenced trading sentiments. Negative Asian cues, however, capped the gains. The rupee rose by 35 paise to trade at 71.11 against ...