Top Business Updates January 27: Sensex plunges over 450 points, Petrol and Diesel prices dip Re 1 per litre
New Delhi | Jagran Business Desk: At Jagran English we bring you all the latest and breaking financial news from India and around the world. Here we provide all the latest developments in equity markets, fuel and metal prices and how the markets are affected by shares, data release and geopolitical tensions. We keep a close eye on rising petrol, diesel, gold and silver prices.
Today, our main focus is Sensex that surged by 226 points and Nifty that closed at 12,248 points led by gains in private banks like ICICI Bank, HDFC Bank, and Kotak Mahindra. It is likely to bore the brunt of China's Coronavirus that has hit the global economy in last few days.
Here's how the markets fared today:
Benchmark Sensex plunged over 458 points on Monday following intense selloffs in many overseas markets amid fears over the global economic impact of China's deadly coronavirus. The broader NSE Nifty closed 129.25 points.
Tata Steel was the top loser in the Sensex pack, diving 4.31 per cent, followed by IndusInd Bank, HDFC twins, SBI, PowerGrid and Bharti Airtel.
On the flip side, M&M, UltraTech Cement, Tech Mahindra, ICICI Bank and Axis Bank rose up to 1.63 per cent.
Stock exchanges in Europe too opened significantly lower.
Brent crude oil futures dropped 3.24 per cent to USD 57.95 per barrel.
upee depreciated by 15 paise to 71.48 per US dollar
Here's how the markets opened today:
Sensex has tumbled 282.74 pts to 41,330.45 in opening session, while Nifty fell 89.05 opts to 12,159.20 tracking losses in index-heavyweights HDFC duo, Kotak Bank and Reliance Industries amid weak global cues.
Sensex: 41,330 points
Nifty: 12,159 points
In metal prices, Gold sirged by 0.42 per cent while Silver added 0.62 per cent.
Silver: Rs 47,225 per kg
Gold: Rs 40,520 per 10 grams at MCX.
Meanwhile, petrol prices dipped by 9 paise while Diesel shed 19 paise. The overall prices has plunged by Rs 1.19 and Rs 1.3 respectively.
Petrol per Litre
Rs 73.77 in Delhi, Rs 76.39 in Kolkata, Rs 79.38 in Mumbai and Rs 7662 in Chennai
Diesel per Litre
Rs 66.77 in Delhi, Rs 69.12 in Kolkata, Rs 69.88 in Mumbai, Rs 70.52 in Chennai.
Posted By: James Kuanal