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.
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.
The BSE benchmark Sensex rallied 281 points on Friday, led by financial and IT stocks as hopes of another rate cut by RBI boosted investor sentiment. After swinging 413 points, the 30-share index ended 280.71 points, or 0.76 per cent, higher at 37,384.99. It hit an intra-day high of 37,413.50 and low of 37,000.09.
Gold and silver prices on Friday witnessed recovery, with the yellow metal rising Rs 70 to Rs 38,695 per 10 gram in the national capital, according to HDFC Securities. Silver prices also witnessed a gain of Rs 172 to Rs 48,400 per kilogram. On Thursday, it closed at Rs 48,228 per kilogram.
Investor wealth dropped Rs 2.55 lakh crore on Tuesday following a sharp plunge in the equity market as investor sentiment went for a toss amid concerns related to economic crisis and trade issues. The BSE benchmark Sensex tumbled 769.88 points, or 2.06 per cent, to close at 36,562.91.
Prices of 24 karat gold rose by Rs 538 to Rs 38,987 per 10 gram in the national capital on Tuesday, mainly on the back of recovery in global rates, according to HDFC Securities. Silver prices too witnessed similar trends. The rate of silver zoomed by Rs 1,080 to Rs 47,960 per kilogram in the national capital, as per the data.
The BSE Sensex snapped its three-session rising streak to close 189 points lower on Wednesday, led by losses in metals, energy, banking and auto counters, as global markets wobbled amid recession fears. Profit-booking following the recent rally and a depreciating rupee also weighed on bourses, traders said.
Rising for a third straight session, the BSE benchmark Sensex gained another 147 points on Tuesday, led by auto, metal and financial stocks amid positive domestic and global cues. The 30-share Sensex ended 147.15 points, or 0.39 per cent, higher at 37,641.27. It hit an intra-day high of 37,731.51 and low of 37,449.69. Similarly, the broader NSE Nifty rose 47.50 points, or 0.43 per cent, to 11,105.35. During the day, it climbed a peak of 11,141.75 and touched a low of 11,049.50.
Share market closing: After rising for five consecutive days, gold prices on Tuesday held steady at Rs 39,670 per 10 gram in the national capital, according to the All India Sarafa Association. Gold had touched its all-time high mark of Rs 39,670 on Monday. Silver gained Rs 190 to Rs 46,740 per kg on increased offtake by industrial units and coin makers.
Benchmark equity index Sensex slumped 268 points on Wednesday, dragged by losses in ITC, HDFC, L&T and ICICI Bank as investors remained wary of an economic slowdown. The broader NSE Nifty too ended 98.30 points, or 0.89 per cent, down at 10,918.70. During the day, it swung between a high of 11,034.20 and a low of 10,906.65.
Snapping its three-session rising streak, equity benchmark Sensex closed 74 points lower on Tuesday, dragged by losses mainly in financial counters as investors remained cautious in view of prevailing economic uncertainty. Shares of Yes Bank plummeted 7.11 per cent on concerns over the valuation of stake in CG Power, which has been hit by financial irregularities. The bank holds 12.79 per cent stake in CG Power.
Silver prices on Tuesday soared Rs 2,000 to touch an all-time high mark of Rs 45,000 per kg, while gold declined by Rs 100 to Rs 38,370 per 10 gram in the national capital, according to the All India Sarafa Association.
The BSE Sensex on Tuesday rebounded by over 277 points led by gains mainly in bank and auto stocks as participants hoped that the RBI will further slash its repo rate to lift sagging consumer sentiment. Likewise, the Nifty too recovered from its five-month low level to settle around 86 points higher ahead of the RBI's policy outcome.
Gold saw a sharp surge in demand as a safe haven asset which pushed the precious metal to an all-time high of Rs 37,347 per 10 grams on Monday amid growing trade tensions between US and China.Besides, the uncertainty caused due to the scraping of the Constitution's Article 370, thereby, revoking the special status given to Jammu and Kashmir also caused people to flock to safer bets.
Tracking tepid global market trend, the 30-share index was trading 333.32 points, or 0.90 per cent, lower at 36,685.00. Similarly, the 50-share Nifty slipped 105.15 points, or 0.96 per cent to 10,874.85.
Shares of Coffee Day Enterprises Ltd dropped 20 per cent on Tuesday, eroding Rs 813 crore from its market valuation, after reports surfaced that its Chairman and Managing Director V G Siddhartha has gone missing.
Domestic equity benchmark BSE Sensex dropped nearly 200 points in early trade on Friday amid heavy foreign fund outflow and weak domestic headwinds
Shares of Infosys jumped over 6 per cent on Monday after the IT behemoth posted better-than-expected rise in its June quarter net profit.
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