New Delhi, Sept 9: Gold in the national capital rose by Rs 62 to Rs 51,131 per 10 grams on Friday amid a jump in international precious metal prices, according to HDFC Securities.
In the previous trade, the yellow metal had closed at Rs 51,069 per 10 grams.
Silver also jumped by Rs 579 to Rs 55,540 per kg from Rs 54,961 in the previous session.
In the international market, gold was trading higher at USD 1,727 per ounce while silver was flat at USD 18.84 per ounce.
“Gold prices traded higher with spot gold prices at COMEX rising by more than 1 per cent to USD 1,727 per ounce. Gold prices recovered on weaker dollar,” said Tapan Patel, Senior Analyst (Commodities) at HDFC Securities. (AGENCIES)
^^^
BIZ-STOCKS-CLOSE
Markets maintain winning run for 2nd day on firm global cues
Mumbai, Sept 9:
Benchmark indices ended on a firm note on Friday, extending their previous day’s gain, amid continuous foreign fund inflows and a positive trend in the global markets.
The 30-share BSE Sensex climbed 104.92 points or 0.18 per cent to settle at 59,793.14. During the day, it jumped 431.58 points or 0.72 per cent to 60,119.80.
On similar lines, the broader NSE Nifty ended higher by 34.60 points or 0.19 per cent to 17,833.35.
From the Sensex pack of firms, Tech Mahindra, IndusInd Bank, Infosys, HCL Technologies, Maruti, Tata Consultancy Services, State Bank of India, Wipro and Axis Bank emerged as the biggest gainers.
UltraTech Cement, Mahindra & Mahindra, Larsen & Toubro and Bajaj Finance were among the laggards.
Elsewhere in Asia, markets in Shanghai, Tokyo and Hong Kong ended in the green.
Equities in Europe were trading significantly higher during mid-session deals. The US markets had ended higher on Thursday.
Meanwhile, the international oil benchmark Brent crude climbed 1.73 per cent to USD 90.69 per barrel.
Foreign institutional investors (FIIs) were net buyers as they bought shares worth Rs 2,913.09 crore on Thursday, as per exchange data. (AGENCIES)
^^^
BIZ-RUPEE-CLOSE
Rupee rises 12 paise to close at 79.57 against US dollar
Mumbai, Sep 9:
The rupee appreciated 12 paise to close at 79.57 (provisional) against the US dollar on Friday, tracking positive domestic equities and foreign fund inflows.
At the interbank forex market, the local unit opened at 79.66 against the greenback. It witnessed an intra-day high of 79.47 and a low of 79.66 during the session.
It finally ended at 79.57, up 12 paise from its previous close of 79.69.
The dollar index, which measures the greenback’s strength against a basket of six currencies, fell 0.98 per cent to 108.63.
Brent crude futures, the global oil benchmark, advanced 1.72 per cent to USD 90.68 per barrel.
The rupee appreciated on positive domestic equities and a weak US dollar. The dollar declined by more than 1 per cent on a sharp bounce amid an unprecedented 75 bps rate hike by ECB to 1.25 per cent, said Anuj Choudhary – Research Analyst at Sharekhan by BNP Paribas.
“Global inflationary pressures may also put pressure on riskier assets. However, weakness in dollar and positive cues from global markets may support Rupee at lower levels,” Choudhary said, adding, “USD-INR spot price is expected to trade in a range of Rs 79 to Rs 80.30 in the next couple of sessions.”
On the domestic equity market front, the BSE Sensex ended 104.92 points or 0.18 per cent higher at 59,793.14, while the broader NSE Nifty gained 34.60 points or 0.19 per cent to 17,833.35.
FII inflows also supported the rupee. Foreign institutional investors (FIIs) were net buyers in the capital markets, as they purchased shares worth Rs 2,913.09 crore on Thursday, according to provisional data. (AGENCIES)
&&&
Follow our WhatsApp channel
