Shares of Bharat Petroleum Corp Ltd (BPCL), Shipping Corp of India (SCI) and Container Corp of India (Concor) showed mixed trend on Thursday after the Cabinet approved the sale of government's stake in these companies.
Market benchmark BSE Sensex closed with modest gains on Friday, led by a spurt in Bharti Airtel and SBI, amid encouraging global cues. The 30-share index, which opened on a firm note, came under selling pressure at the fag-end of the session as investors turned cautious over weak growth signals. After climbing over 363 points during the day, the Sensex ended 70.21 points, or 0.17 per cent, higher at 40,356.69.
Gold prices fell by Rs 101 to Rs 39,213 per 10 gram on Tuesday on rupee appreciation and selling in global markets, according to HDFC Securities.The precious metal had closed at Rs 39,314 per 10 gram in the previous trade.
Equity benchmark BSE Sensex ended marginally higher at 40,165 points on Friday after a volatile session as markets consolidated after scaling new highs.
Snapping its six-session rising streak, equity benchmark BSE Sensex plunged 335 points on Tuesday, dragged by a massive plunge in Infosys' shares following a complaint against its chief executive.
The rupee depreciated by 14 paise to close at 71.02 against the US dollar on Monday as profit booking in domestic equities and unabated foreign fund outflows kept investors edgy.
The rupee on Friday closed almost flat at 70.88 against the US dollar after the Reserve Bank of India in a widely expected move cut key interest rates by 0.25 percentage point. At the interbank foreign exchange market, the rupee had opened strong at 70.82 against the US dollar at the interbank forex market.
Stock market benchmark BSE Sensex plummeted by 434 points on Friday due to heavy losses in banking and FMCG stocks despite a 25 basis point cut in the key policy rate by the RBI which also slashed the growth outlook for this fiscal.
The BSE benchmark Sensex plunged nearly 362 points on Tuesday due to an across-the-board sell-off as financial sector woes, auto sales slump and weak macro data spooked investors.
Gold prices fell by Rs 58 to Rs 38,140 per 10 gram in the national capital on Tuesday, while silver zoomed Rs 2,360 to Rs 47,580 per kilogram, according to HDFC Securities.
Equity benchmark Sensex fell over 155 points on Monday to close at 38,667.33 due to a massive sell-off in banking stocks as investors turned cautious on the financial services space.
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Investor wealth soared for the second consecutive session on Monday, rising by Rs 10.35 lakh crore in two sessions, as market sentiment remained euphoric after a host of measures were announced to boost slowing economic growth.
Extending gains for the second consecutive session, domestic equity benchmark BSE Sensex skyrocketed 1,075 points on Monday driven by continued euphoria over the government's tax booster.
Bulls took over the market after the government slashed corporate tax rates for companies by almost 10 percentage points to 25.17 per cent to bring them at par with Asian rivals such as China and South Korea.
Domestic equity benchmark BSE Sensex vaulted 1,921 points on Friday, fuelled by a slew of economy-boosting measures announced by Finance Minister Nirmala Sitharaman. Logging its biggest intra-day spike in over a decade, the 30-share index soared 2,284.55 points to a peak of 38,378.02, before settling 1,921.15 points or 5.32 per cent higher at 38,014.62.
The govt on Friday slashed corporate tax rates for companies by almost 10 per cent to 25.17 per cent to bring them at par with Asian rivals, as it looked to boost demand and investments.
Gold prices declined by Rs 150 to Rs 38,905 per 10 gram in the bullion market here on Tuesday due to weak demand, according to HDFC Securities.
The BSE benchmark Sensex on Monday slipped nearly 262 points due to panic sell-offs by investors who were caught off guard by massive spike in crude prices after drone attack on the Saudi Arabia's largest oil processing facility.
Gold on Monday climbed Rs 460 to Rs 38,860 per 10 gram in the national capital on a weak rupee and higher oil prices, which led to investors opting for safe haven commodities, according to HDFC Securities.
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