Top Business Highlights November 5: Equity markets close in red after 7 days rally
New Delhi | Jagran Business Desk: At Jagran English, we try to have your complete business world covered with the latest financial news, equity market and changes in fuel and metal prices. Here we provide you complete coverage of Sensex, Nifty, cost of petrol, diesel, brent crude along with gold and silver.
Today, our main focus is on equity markets. Sensex is likely to reach a high of 40,500 amid positive global cues and optimism over phase I talk between the major economies US and China. Nifty is likely to cross 1200-mark and likely to end even higher. Meanwhile, metal prices will also remain in focus as the prices have surged by over 1 per cent in the last week. Meanwhile, Petrol and Diesel are following a downward trend.
Here is how the markets fared today:
The equity closed in red after trading in green for last days as investors booked profits at higher levels. Despite winging 413 high, the S&P Sensex settled 53 points below at 40,248 points while NSE Nifty fell by 24 points to close at 11,917.
Major laggards in the Sensex pack include IndusInd Bank, Sun Pharma, Infosys, Tata Steel and M&M that lost up to 2.4 per cent. Meanwhile, Rupee rose 10 paise to 70.66 per USD. Brent crude rose by 0.82 per cent to 62.65 per barrel.
Rupee: 70.66 per USD
Brent crude: 62.65 per barrel
Here is how the markets opened today:
At 9.12 am, The Bombay Stock Exchange surged 143 points to open at a high of 40,445 points while Nifty gained 33 points to end at 11,974 points.
Sensex: 40,445 points
Nifty: 11,974 points
Meanwhile, Fuel prices remained stable in early trade on Tuesday.
Petrol per litre:
Rs 72.65 in Delhi, Rs 75.31 in Kolkata, Rs 78.27 in Mumbai and Rs 75.44 in Chennai
Diesel per litre:
Rs 65.76 in Delhi, Rs 68.11 in Kolkata, Rs 68.91 in Mumbai and Rs 65.4 in Chennai
Silver prices shredded 0.32 per cent to open at Rs 46,516 per kg while the precious gold opened 0.25 per cent low at Rs 38,369 at MCX.
Silver: Rs 46,516 per kg
Gold: Rs 38,369 per 10 grams of pure gold.
Posted By: James Kuanal