Business, Market, 16th Apr 2019, News & Stories from India

Saturday, Apr 20, 2024 | Last Update : 01:32 AM IST

Business Market 16 Apr 2019

Business, Market, 16 Apr 2019

At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 69.55 and fell further to touch the day's low of 69.69. It finally ended at 69.60 per dollar, down by 18 paise against its previous close.

Rupee slips for 3rd day down 18 paise to 69.60 against dollar

The local currency has depreciated by 68 paise in the last three days.

16 Apr 2019 7:00 PM

Both indexes finished higher for a fourth straight session.

Nifty, Sensex end at record close, financials lead

BSE Sensex closed up 0.95 per cent at 39,275.64, while the broader NSE Nifty ended 0.83 per cent higher at 11,787.15.

16 Apr 2019 4:28 PM

Traders said rise in demand from local jewellers led to the uptick in gold prices though a weak trend overseas capped the gains.

Gold snaps 4-day losing streak, gains Rs 170 on jewellers' buying

Gold is trading at Rs 32,790 per 10 gram in the national capital on increased buying from local jewellers.

16 Apr 2019 3:37 PM

The NSE Nifty was trading 96.25 points, or 0.82 per cent, up at 11,786.60.

Sensex gains 350 points, Nifty tops 11,800 mark

The 30-share index was trading 368.03 points or 0.95 per cent higher at 39,273.87.

16 Apr 2019 2:52 PM

The electric wires and cables maker raised 13.46 billion rupees (USD 193.44 million) through an initial public offering.

Polycab India's shares surge on market debut

The stock was trading at 647.5 rupees by 0432 GMT, compared with the IPO price band’s higher end of 538 rupees.

16 Apr 2019 11:48 AM

OPEC and its allies including Russia, known as OPEC+, will meet in June to decide whether to continue withholding supply.

Oil prices extend losses as oversupply worries drag

US West Texas Intermediate (WTI) crude futures were at USD 63.32 per barrel, down 8 cents, or 0.13 per cent.

16 Apr 2019 10:57 AM

Strengthening of the American currency in the overseas market weighed on the domestic currency.

Rupee slips 17 paise against dollar in early trade

Rupee is trading at 69.59 against dollar on increased demand for the greenback from importers and banks.

16 Apr 2019 10:18 AM

The board of LVB has approved the merger with IBHL in which shareholders of the bank will get 14 shares of IBHL for every 100 shares they hold.

LVB to allot nearly 5 pc shares to Indiabulls Housing Finance

LVB shares closed 1.65 per cent down at Rs 89.20 on BSE, while IBHL closed 0.55 per cent up at Rs 834.65 apiece.

16 Apr 2019 10:09 AM

The NSE Nifty was trading 63.35 points, or 0.54 per cent, up at 11,753.70 in early session. (Photo: File)

Sensex jumps over 200 points; Nifty above 11,750

The 30-share index was trading 239.11 points or 0.61 per cent higher at 39,144.95.

16 Apr 2019 9:49 AM

The Market breadth, indicating the overall strength of the market, was strong.

Upward momentum could continue

Both Mid-Cap and Small-Cap indices also gained as buying emerged in the broad market.

16 Apr 2019 3:02 AM

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Shobhaa De