NEW DELHI, Sept 5:Gold price rose by Rs 113 to Rs 50,985 per 10 gram in the national capital on Monday, according to HDFC Securities.
In the previous trade, the yellow metal had closed at Rs 50,872 per 10 gram.
Silver also jumped by Rs 428 to Rs 53,980 per kg.
In the international market, both gold and silver were trading flat at USD 1,711 per ounce and USD 18.15 per ounce, respectively.
“Gold prices traded marginally down with spot gold prices at COMEX trading at USD 1,711 per ounce. Gold traded under pressure on stronger dollar after recovering on Friday,” said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities. (AGENCIES)
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BIZ-STOCKS-CLOSE
Sensex, Nifty climb nearly 1 pc; RIL, ICICI Bank lead charge
Mumbai, Sept 5:
Equity benchmark indices rallied nearly 1 per cent to re-visit the 59,000-mark on Monday, tracking heavy buying in index heavyweights Reliance Industries and ICICI Bank.
The BSE benchmark rose 442.65 points or 0.75 per cent to settle at 59,245.98. During the day, it jumped 504.92 points or 0.85 per cent to 59,308.25.
The NSE Nifty advanced 126.35 points or 0.72 per cent to 17,665.80.
From the Sensex pack, Sun Pharma, ITC, NTPC, Reliance Industries, Larsen & Toubro, Tata Steel, HCL Technologies and ICICI Bank were among the major gainers.
In contrast, Nestle, UltraTech Cement, Wipro, PowerGrid, Asian Paints and Hindustan Unilever were the laggards.
Elsewhere in Asia, bourses in Seoul, Tokyo and Hong Kong ended lower, while Shanghai settled in the green.
Equities in Europe were trading lower during the mid-session deals. The US markets had ended lower on Friday.
“Benchmark indices outperformed their Asian peers and also shrugged off the weak European market sentiment as investors bet on metals, banking and capital goods stocks. Cautious optimism prevailed as there are enough indications that markets may remain volatile in coming sessions on global slowdown fears,” said Shrikant Chouhan, Head of Equity Research (Retail), Kotak Securities Ltd.
Meanwhile, the international oil benchmark Brent crude jumped 2.81 per cent to USD 95.63 per barrel.
Foreign institutional investors (FIIs) offloaded shares worth a net Rs 8.79 crore on Friday, as per exchange data. (AGENCIES)
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BIZ-RUPEE-CLOSE
Rupee rises 8 paise to close at 79.79 against US dollar
Mumbai, Sept 5:
The rupee appreciated 8 paise to close at 79.79 (provisional) against the US dollar on Monday, in line with a firm trend in domestic equities.
However, the strengthening of the American currency in the overseas market restricted the rupee’s gain, forex dealers said.
At the interbank forex market, the local unit opened at 79.84 against the greenback. It witnessed an intra-day high of 79.79 and a low of 79.90 against the American currency during the session.
It finally ended at 79.79 against the US dollar, up 8 paise from its previous close of 79.87.
The dollar index, which measures the greenback’s strength against a basket of six currencies, rose 0.28 per cent to 109.83.
Brent crude futures, the global oil benchmark, rose 2.75 per cent to USD 95.58 per barrel.
“Rupee consolidated in a narrow range despite the dollar rising to a 30-year high. Gains in the dollar extended after non-farm payrolls numbers released from the US came in better-than-estimates,” said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.
Euro and pound opened lower as the strength in the dollar continued.
“We expect the USD/INR(Spot) to trade sideways with a positive bias and quote in the range of 79.40 and 80.05,” Somaiya said.
On the domestic equity market front, the BSE Sensex ended 442.65 points or 0.75 per cent higher at 59,245.98 points, while the broader NSE Nifty gained 126.35 points or 0.72 per cent to 17,665.80.
Foreign institutional investors were net sellers in the capital market on Friday, offloading shares worth Rs 8.79 crore, as per exchange data. (AGENCIES)
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