A benchmark index of Indian equities markets closed 46 points higher, extending the rally for the third consecutive day. Oil and gas, PSU and health care stocks were the best performers.
Paring initial losses, the rupee on Monday recovered by 13 paise to 52.72 against the US dollar in late morning trade on fresh selling of the American currency from banks despite firm cues overseas.
The Sensex on Monday gained 61 points to close at 18,823.91 on robust buying in Infosys, Tata Motors and ITC, amid a positive trend in European shares.
Beijing on $95 bn plan to develop 20,000 wells across the country, to achieve output of 6.5 bn cubic metres per year by 2015.
Gold prices are likely to ease to
Rs. 30,500 per 10 grams in the near term due to strengthening of rupee following government's recent measures like fuel hike, experts said.
Gold declined by
Rs. 220, falling for the fourth day in a row, to
Rs. 31,580 per 10 grams in the bullion market here today on poor demand at prevailing higher levels amid a weak global trend.
The benchmark Index of Bombay Stock Exchange (BSE) ended on a steady note at 18,762.74, rising marginally by 10 points, 15-month-high, during the week following smart gains in select scrips including Bajaj Auto, L&T and ICICI Bank along with firm trend in Asian Markets.
American coffee giant Starbucks, which is entering India through an equal partnership with Tata Global Beverage, will open its first store by the end of October in the Horniman Circle area of Mumbai.
Gold prices surrendered gains today as the dollar moved into positive territory against a basket of currencies, but the metal stayed on track for its biggest quarterly gain in more than two years on the back of this month's central bank easing measures.
India's 50-share index rose today to mark its highest close since July 7, 2011, sparked by optimism that economic reform and budget plans unveiled by Spain will help manage its debt imbalances, while auto shares like Tata Motors also rose ahead of September sales data due Monday.
The rupee rose to a near five-month high today as global risk sentiment improved, and the government stuck to its original borrowing plan, showing further signs of fiscal discipline.
The BSE benchmark Sensex today jumped by 183 points to end at a 15-month high on buying in auto, FMCG and metal stocks amid strong global cues and a surging rupee.
Do you think your HR manager creates a smokescreen of appraisals, designations and jargonised joining letters? Such tricks may be among the reasons why companies struggle to attract and retain talent.
Birla group firm UltraTech Cement and drug maker Lupin will replace public sector Steel Authority of India Ltd (SAIL) and Vedanta group firm Sterlite Industries in the National Stock Exchange's benchmark index Nifty from Friday.
Gold prices fell by
Rs. 250 to
Rs. 31,850 per 10 grams in the bullion market in New Delhi today on lack of demand at existing higher levels amid a weak global trend.