US stocks fell more than 2% on Wednesday, putting the S&P 500 on track for its biggest drop since June, as investors shifted their focus to a looming fiscal showdown in Congress after President Barack Obama's re-election.
The BSE benchmark Sensex today advanced for the sixth straight day to close 85 points higher at 18,902.41, levels seen over a month ago, on foreign fund buying amid the re-election of Barack Obama as the US President.
BEHIND THE GLITTER: As Diwali approaches, prices of the yellow metal have rebounded, after having fallen from a record high to a nearly 10-week low. HT explains the factors that influence its prices.
The government’s efforts to give a boost to trading in shares of small and medium enterprises (SME) through stock market platforms seem to have failed to strike a chord with investors.
Stocks climbed modestly in early trading on Tuesday. Investors waited for the outcome of a closely contested U.S. presidential election.
The rupee today fell by 17 paise to touch a fresh two-month low of 54.78 against the dollar in early trade at the Interbank Foreign Exchange, due to increased demand for the American currency from oil importers.
The Sensex is up 0.06% and the Nifty index adds 0.04%. Caution prevails ahead of the outcome of US elections and on renewed doubts over Greece's political ability to push through severe fiscal reforms.
Gold importers in India stocked the yellow metal in the week preceding key festivals as prices hovered near their lowest level in more than 10 weeks, helped by a weaker rupee and firm world markets.
The rupee on Monday plunged by 80 paise to close at more than 8-week low of 54.61 on massive dollar demand from banks and importers amid a sharp rise in the American currency in global markets ahead of the US Presidential polls.
In listless trading, the BSE benchmark Sensex today rose just seven points amid investors adopting a cautious stance after recent gains and a weak rupee.
The BSE benchmark Sensex bounced back by 130 points to settle the week at 18,755.45 in view of fresh buying in mainly in consumer durable, auto, pharma, IT and metal sectors.
Gold prices dipped sharply on Friday in response to better-than-expected employment figures in the US that eased speculation on the safe-haven metal. But don’t bet on further dips ahead of your Diwali jewellery shopping yet, say experts. HT reports.
Both the precious metals, gold and silver, fell in the national capital on Friday as demand declined at existing higher levels amid a weak global trend.
The rupee today rose by 10 paise to 53.60 against the US dollar in early trade, extending gains for the fourth straight session at the Interbank Foreign Exchange market on the back of increased capital inflows.
Rising for the third straight day, the BSE benchmark Sensex on Friday spurted by nearly 194 points to over one-week high of 18,755.45 on heavy buying in capital goods, auto and bank shares amid a firming trend in global markets on upbeat US economic data.