Top Business Highlights November 6: Sensex rises 222 points, Nifty closes over 11,950 points
New Delhi | Jagran Business Desk: At Jagran English, we cover all the latest financial news from India and across the globe to have your business world covered. Here, we provide you a 360-degree coverage of fuel prices, metal prices and equity markets.
Today, our main focus is on Sensex and Nifty that ended in red for the first time in the last seven days. The Sensex closed at 40,298 points while NSE Nifty closed at 11,917. The markets are likely to bounce back on Wednesday as the optimism of the US signing a trade deal with China is highly likely to take place sooner than expected. Crude oil prices had risen by 0.82 per cent to USD 62.65 per barrel of Brent crude.
Here's how the markets fared today:
The benchmark Sensex gained 222 points to close, while Nifty rose by 48 points to 11,966 points as investors accumulated banking and financial stocks amid hopes of more reform measures to boost growth. Top gainers in the Sensex pack included ICICI Bank, Infosys, HDFC, IndusInd Bank, Tata Motors, Kotak Bank, Axis Bank, L&T, Yes Bank and HUL rising as much as 2.64 per cent.
On the other hand, Bharti Airtel, RIL, Bajaj Finance, ONGC, HCL Tech, ITC and Sun Pharma fell by up to 3/31 per cent. Meanwhile, the Indian rupee depreciated by 28 paise to 70.97.
Brent crude fell 0.81 per cent to USD 62.45 per barrel.
Here's how the markets opened today:
At 2.03 pm, The S&P Sensex surged by over 310 points to 40,559 points (all-time high), while the broader 50-share index NSE Nifty gained 78 points to 11,995 points in the afternoon trade.
Earlier, the Sensex had opened 63 points high to 40,311 while the Nifty was trading flat at 11,911 points.
The petrol prices slashed by 5 paise while Diesel prices remained stable on Wednesday. The overall Diesel price has plunged by 38 paise in the last 10 days.
Petrol per litre:
Rs 72.6 in Delhi, Rs 75.26 in Kolkata, Rs 78.22 in Mumbai and Rs 76.39 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
The price of gold saw 0.2 per cent jump while silver prices fell by 0.1 per cent.
Gold: Rs 37,906 per kg
Silver: Rs 45,494 per kg
Posted By: James Kuanal