Business, Market, 13th May 2019, News & Stories from India

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Business Market 13 May 2019

Business, Market, 13 May 2019

A total of 23 scrips in the index witnessed sell-off, as per an analysis of market data. (Photo: File)

In nine trading sessions, investor wealth tumbles by Rs 8.53 lakh crore

On Monday, the 30-share Sensex crashed 372.17 points or 0.99 per cent to close at 37,090.82 points.

13 May 2019 8:04 PM

The rupee opened sharply lower at 70.16 and fell further to touch over two-month low of 70.53 at the interbank foreign exchange.

Rupee crashes to over 2-month low on foreign fund outflows

An unabated sell-off in domestic equity markets also weighed on the domestic currency, forex dealers said.

13 May 2019 6:51 PM

In percentage terms, however, Sun Pharma was the biggest loser with 9.39 per cent drop. Intra-day, the pharma major's shares tanked over 20 per cent.

Sensex logs 9th straight loss, slumps 372 points

Sensex widened its loss towards the fag-end on emergence of intense selling in heavyweights like ITC, RIL and ICICI Bank.

13 May 2019 4:51 PM

Bitcoin was last up 1.1 per cent at USD 7,056 on the Bitstamp exchange after soaring 14 per cent on Saturday.

Bitcoin holds above USD 7,000 after hitting 9-month high

Bitcoin has almost doubled in price this year, underscoring its volatility after a bruising 2018.

13 May 2019 3:19 PM

Globally, spot gold was trading lower at USD 1,283.9 an ounce, while silver was down at USD 14.73 an ounce in New York. (Representational Image)

Gold rises on jewellers' buying

Traders said despite a weak global trend, gold prices saw an upward movement due to rise in demand from local jewellers.

13 May 2019 3:02 PM

On the Multi Commodity Exchange, crude for delivery in May contracts went up by Rs 26, or 0.6 per cent to, Rs 4,352 per barrel in a business turnover of 17,376 lots.

Crude oil futures rise 0.6 pc on positive cues

Analysts said, crude oil prices bounced back in tandem with a firm trend overseas.

13 May 2019 2:31 PM

Foreign fund outflows and cautious opening in domestic equities added pressure to the domestic unit.

Rupee slips 26 paise against dollar in early trade

Rupee is trading at 70.18 against dollar amid US-China trade related concerns and rising crude oil prices.

13 May 2019 9:59 AM

The broader NSE Nifty was also trading 7.85 points, or 0.07 per cent, down at 11,271.05.

Sensex, Nifty start on a choppy note on weak global cues

The 30-share index was trading 23.96 points, or 0.06 per cent, lower at 37,439.03.

13 May 2019 9:45 AM

US West Texas Intermediate (WTI) futures were at USD 61.58 per barrel, down 9 cents, or 0.2 per cent.

Oil prices mixed amid US-China trade impasse

Brent crude futures were at USD 70.73 a barrel, up 11 cents, or 0.2 per cent, from their last close.

13 May 2019 9:21 AM

Stocks of Gujarat Government owned companies will also be in focus; they had rallied last time when BJP-led NDA came to power with Narendra Modi becoming Prime Minister.

Politically sensitive stocks back in focus

IRB Infrastructure's Chairman and Managing Director Virendra D Mhaiskar, market believes, is close to Sharad Pawar.

13 May 2019 4:16 AM

The S&P BSE Sensex closed 3.9 per cent lower last week to end at 37,462, while the NSE Nifty 50 ended at 11,278.90, down 3.7 per cent.

Correction and volatility ahead

Analysts expect 11,250-11,200 to provide a decent support to the Nifty and the possibility of a bounce back cannot be ruled out at these levels.

13 May 2019 4:09 AM

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Shobhaa De