New Delhi, Aug 31: Gold in the national capital on Tuesday dipped Rs 100 to Rs 46,272 per 10 gram amid rupee appreciation, according to HDFC Securities.
In the previous trade, the precious metal had closed at Rs 46,372 per 10 gram.
Silver also dipped Rs 134 to Rs 62,639 per kilogram from Rs 62,773 per kilogram in the previous trade.
The Indian rupee appreciated 4 paise to 73.25 against the US dollar in opening trade on Tuesday, tracking a positive trend in domestic equities.
In the international market, gold was trading higher at USD 1,815 per ounce and silver was flat at USD 24.16 per ounce. (AGENCIES)
BIZ-JIO-PREPAID PLANS
Jio brings new prepaid plans with Disney+ Hotstar subscription
NEW DELHI, Aug 31:
Reliance Jio is rolling out a new range of prepaid plans that come bundled with unrestricted access to all content on Disney+ Hotstar, starting from Rs 499, according to company sources.
Jio was earlier bundling Disney+ Hotstar VIP subscription (access to live sports, Hotstar specials, movies and TV shows and dubbed content in 3 Indian languages) in its plans that started from Rs 401.
The new plans will now offer unrestricted access to entire content on Disney+ Hotstar from starting price point of Rs 499, company sources said.
While the new price points are higher in most cases, than the previous such plans, notably the new Jio plans also pack-in more, that is, unrestricted access to the full content on Disney+ Hotstar.
The revision is largely on the back of Disney+ Hotstar revising its plan and offerings in Indian market.
A mail sent to Reliance Jio on the new plans did not elicit a response.
Sources explained that Jio users will be able to access all content, including new library of international content in English language including Disney+ originals, TV shows from Disney, Marvel, Star Wars, National Geographic, HBO, FX, Showtime amongst others.
The new plan will be available for recharge from September 1, 2021. In addition to offering 1 year subscription of Disney+ Hotstar, Jio’s new plans offer unlimited voice, data, SMS, Jio apps and other benefits.
All Jio customers on active Disney+ Hotstar plans will continue to get the existing benefits until their current subscription expires, sources said. (AGENCIES)
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BIZ-RUPEE-CLOSE
Rupee rises 29 paise to close at 73.00 against US dollar
Mumbai, Aug 31:
The rupee strengthened further by 29 paise to close at 73.00 (provisional) against the US dollar on Tuesday, marking the fourth straight session of gain following a firm trend in domestic equities and foreign fund inflows.
At the interbank forex market, the local unit opened at 73.26 against the greenback and later gained strength to settle at 73.00, higher by 29 paise over its previous close of 73.29.
The local unit moved in a range of 72.99 to 73.29 in the day trade.
The rupee has spurted by 124 paise against the dollar in four straight sessions to Tuesday.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading down 0.12 at 92.54.
“Rupee appreciation continues for the fourth day in row and became the best performing currency among Asian currencies following rebound in economic activities along with huge foreign fund inflows,” Dilip Parmar, Research Analyst, HDFC Securities, said.
Markets are pricing continuation of inflows from foreigners after regulatory curb by the Chinese government. Apart from speculative inflows, FDI inflows are also supporting the local currency, Parmar said.
“Spot USDINR is expected head towards June low of 72.32 once the level of 72.74 breaches while on higher side 73.64 becomes the strong resistance,” he added.
On the domestic equity market front, the BSE Sensex ended 662.63 points or 1.16 per cent higher at a lifetime high of 57,552.39, while the broader NSE Nifty advanced 201.15 points or 1.19 per cent to a record closing of 17,132.20.
Brent crude futures, the global oil benchmark, fell 0.83 per cent to USD 72.80 per barrel.
Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs 1,202.81 crore, exchange data showed. (AGENCIES)
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BIZ-STOCKS-CLOSE
Sensex rallies 663 pts to close above 57k-mark; Nifty scales 17k
Mumbai, Aug 31:
Extending their record-setting streak, the Sensex rallied 663 points to close above 57,000 for the first time while the Nifty scaled the 17,000-mark on Tuesday, driven by gains in Bharti Airtel, Bajaj Finance and TCS amid positive global cues.
After touching a lifetime high of 57,625.26 during the session, the 30-share BSE Sensex ended 662.63 points or 1.16 per cent higher at its record close of 57,552.39.
Similarly, the broader NSE Nifty soared 201.15 points or 1.19 per cent to an all-time closing peak of 17,132.20. It touched an intra-day record of 17,153.50.
Bharti Airtel was the top gainer in the Sensex pack, rallying nearly 7 per cent, followed by Bajaj Finance, Bajaj Finserv, Asian Paints, Titan, TCS and Tech Mahindra.
On the other hand, Nestle India, IndusInd Bank and Reliance Industries were the laggards.
Domestic equities extended gains with Nifty surpassing 17,000 levels within a month, said Binod Modi, Head – Strategy at Reliance Securities.
“Sustained buying momentum across all sectors and favourable global cues aided markets. All key sectoral indices traded in green with metals, financials (excluding banks) and pharma witnessing stronger recovery,” he noted.
Bharti Airtel was in focus again due to clarity over fund raising and indication of tariff hike. However, midcap and smallcap stocks underperformed on profit-booking, he said.
Elsewhere in Asia, bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a positive note. Equities in Europe were also trading with gains in mid-session deals.
Meanwhile, international oil benchmark Brent crude fell 0.83 per cent to USD 71.63 per barrel. (AGENCIES)
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