Business, Market, 20th May 2019, News & Stories from India

Friday, May 17, 2024 | Last Update : 08:38 AM IST

Business Market 20 May 2019

Business, Market, 20 May 2019

At the interbank foreign exchange, the domestic unit opened at 70.36 and advanced to a high of 69.44 during the day.

Rupee records biggest gain in 2 months after exit poll results

Forex traders said investors welcomed exit poll results that predicted a thumping majority for the current BJP-led government.

20 May 2019 7:43 PM

Exit polls would be seen as a modest positive for the Indian stock market as the market was largely factoring in the return of the BJP-led NDA government. (Photo: File)

Investor wealth soars Rs 5.33 lakh cr as exit polls predict return of NDA govt

Tracking the sharp uptrend in equities, the market capitalisation of BSE-listed companies jumped by Rs 5,33,463.04 crore.

20 May 2019 4:33 PM

The 30-share index ended 1,421.90 points, or 3.75 per cent, higher at 39,352.67.

Sensex vaults 1,422 points as exit polls forecast ruling NDA's win

In a similar movement, the broader NSE Nifty soared 421.10 points, or 3.69 per cent, to 11,828.25.

20 May 2019 4:17 PM

Globally, spot gold was trading lower at USD 1,275.30 an ounce, while silver was down at USD 14.43 an ounce in New York. (Representational Image)

Gold loses sheen, falls Rs 150 on lacklustre demand

Sentiments weakened on a subdued global trend and fall in demand from local jewellers put pressure on gold, traders said.

20 May 2019 3:41 PM

The imports dipped about 3 per cent in value terms to USD 32.8 billion during 2018-19.

Gold imports rise 54 per cent to USD 3.97 billion in April

After recording a negative growth in imports in February, gold imports started registering double-digit growth.

20 May 2019 3:12 PM

The 30-share index was trading 1,114.42 points, or 2.94 per cent, higher at 39,045.19. (Photo: File | AP)

With exit polls forecast of ruling NDA's victory, Sensex climbs 1,400 points

Most exit polls on Sunday forecast another term for incumbent Prime Minister Narendra Modi.

20 May 2019 1:31 PM

The enhanced vigil on the markets will continue till May 23, when the results of the Lok Sabha polls will be declared.

40 stocks hit 52-week highs on BSE; 87 others hit 1-yr lows

Stocks that touched 52-week highs include Bajaj Finance, DCB Bank, Federal Bank, HDFC Bank, ICICI Bank, SRF and Titan.

20 May 2019 12:48 PM

Brent crude was up by 96 cents, or 1.3 per cent, at USD 73.17 a barrel.

Oil surges after OPEC indicates it will maintain output cuts

US West Texas Intermediate crude was 82 cents, 1.3 per cent, higher at USD 63.58 a barrel.

20 May 2019 10:33 AM

Forex traders said investors welcomed the exit poll results that predict a thumping majority for the current BJP-led government.

Rupee rises 79 paise against dollar as market cheers exit poll results

Rupee is trading at 69.44 against dollar after exit poll results suggested another term for the ruling NDA government.

20 May 2019 10:01 AM

After soaring over 962 in early session, the 30-share index pared some gains and was trading 687.63 points, or 1.81 per cent, higher at 38,618.40.

Sensex jumps over 800 points as exit polls show NDA's victory

Rupee up by 79 paise against dollar as exit poll showed that ruling NDA is likely to win the Lok Sabha elections.

20 May 2019 9:41 AM

In fact, the Sensex and Nifty surged over 1 per cent on Friday ahead of the exit poll results as if the market has sensed a BJP victory.

Market may move up by 2-3 per cent

The expectations are that a lot of foreign funds would flow in if the election results come in the BJP's favour.

20 May 2019 4:39 AM

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K.C. Singh