Business, Market, 29th Mar 2019, News & Stories from India

Tuesday, Apr 16, 2024 | Last Update : 12:52 PM IST

Business Market 29 Mar 2019

Business, Market, 29 Mar 2019

The rupee has gained over 2 per cent in March, HDFC Securities Head PCG & Capital Markets Strategy V K Sharma said.

Rupee rebounds 16 paise to 69.14 vs USD on robust foreign fund inflows

A positive trend in the global equity markets, driven by optimism surrounding US-China trade talks, propped up rupee, analysts said.

29 Mar 2019 6:59 PM

"Market continued the upward movement supported by global cues, which rallied in expectation of US-China trade deal. However, the market is facing resistance while nearing the all-time high. Investors are looking ahead to get cues from general election during which earnings growth in Q4 will be inevitable to support the rally," said Vinod Nair, Head of Research, Geojit Financial Services. (Photo: File | PTI)

Markets extend gains on global cues; post weekly gains

Analysts attributed the continuing market rally to robust investor sentiment driven by foreign fund inflows, a stronger rupee.

29 Mar 2019 5:33 PM

The 50-share NSE Nifty closed at 11,623.90, higher by 53.90 points, or 0.47 per cent, after hovering between 11,630.35 and 11,570.15.

Sensex climbs 127 points; Nifty settles above 11,600

Sensex started off on a strong footing at 38,675 points and touched a high of 38,748.54 before winding up at 38,672.91.

29 Mar 2019 3:50 PM

In the international market, gold was trading at USD 1,287.70 an ounce and silver at USD 15.01 an ounce in New York.

Gold, silver prices drop on low demand

Gold is trading at Rs 32,700 per 10 grams at the bullion market following slackened domestic demand.

29 Mar 2019 3:21 PM

Thereafter, Sebi's High Powered Advisory Committee recommended the case for settlement on the payment of Rs 55.02 lakh which was subsequently approved by the regulator's panel of whole-time members.

Tantallon Fund pays Rs 55 lakh to settle case with Sebi over FII norms violation

Under the settlement, an entity is allowed to settle charges by paying a penalty without admission or denial of guilt.

29 Mar 2019 3:11 PM

MSTC, a Kolkata-based firm, was incorporated in 1964 as a trading company to deal in the export of scrap. There are three main business verticals in the company -- e-commerce, trading and recycling. (Photo: File)

MSTC shares drop on first day of trade

MSTC opened at Rs 111, a decline of 7.5 pc from issue price on BSE. It touched a high of Rs 116.55 and a low of Rs 110.05.

29 Mar 2019 1:11 PM

OPEC+ pledged to withhold around 1.2 million barrels per day (bpd) of supply this year to prop up markets.

Oil prices set for biggest first-quarter gain since 2009 on US sanctions

Brent crude oil futures were up 30 cents, or 0.4 per cent, at USD 68.12 per barrel.

29 Mar 2019 11:16 AM

Sensex rises over 200 points; Nifty tops 11,600 mark in early trade

The broader Nifty also gained 50.85 points, or 0.44 per cent, to 11,620.85 in morning trade.

29 Mar 2019 10:07 AM

On Thursday, the rupee slumped 42 paise to end at 69.30 against the US dollar. (Photo: DC)

Rupee rises 15 paise against US dollar in early trade

Rupee is trading at 69.15 against dollar in opening trade, driven by sustained foreign fund inflows.

29 Mar 2019 9:50 AM

Despite flat opening indicated by the SGX Nifty, the market began the session on a positive note and soon rallied above 11500 in the early morning trade.

Current momentum to continue

The major Sensex gainers were HCL Tech (3.84 per cent) , SBI (3.36 per cent) and YES Bank (2.71 per cent).

29 Mar 2019 1:09 AM

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Aakar Patel