Indian equity benchmarks logged strong gains on December 13 buoyed by positive global sentiment as hopes of an orderly Brexit grew stronger after a landslide election victory for British Prime Minister Boris Johnson.Positive signals due to the US-China trade deal also influenced the mood.Sensex settled 428 points, or 1.05 percent, higher at 41,009.71 while Nifty closed the day with a gain of 115 points, or 0.96 percent, at 12,086.70. Midcaps and Smallcaps, too, witnessed decent gains but underperformed the benchmark Sensex. BSE Midcap closed 0.92 percent up and the Smallcap index settled 0.82 percent up.Close “Many positive triggers came together today to keep the market up. Possible development around the US-China trade deal, UK election results, likely inflows from Essar Steel case and a strong uptick in global indices were among the factors that boosted the sentiment," said Rusmik Oza, Senior VP & Head of Fundamental Research at Kotak Securities. related news … [Read more...] about Taking Stock: Market rises for 3rd day in a row on positive global cues
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Gold price today: Yellow metal dips on reports of US-China trade deal
India Gold February futures dipped on December 13 after media reports suggested that Washington and Beijing had reached an interim trade deal and averted a fresh round of US tariffs, boosting appetite for riskier assets.A wave of trade relief lifted global equities following reports that the United States has agreed to reduce some tariffs and delay a tranche of tariffs as part of a "phase-one" deal, said a Reuters report.Experts feel that gold and silver prices could show some extreme volatility on Friday, amid the possibility of a trade deal and victory of the ruling party in the UK could put pressure on gold prices. Gold can be sold in the range of 37600-37650.Close Track live Gold price here related news Oil hits three-month high as trade hopes, UK election lift sentiment In-Depth | When onion made India cry: How onion price rise affects politics, business and the common man Gold steady as weaker dollar offsets increased risk appetite Trading StrategyExpert: Manoj Kumar … [Read more...] about Gold price today: Yellow metal dips on reports of US-China trade deal
D- Street Buzz: PSU banks surge on likely resolution of 4 NPA cases; Indiabulls Housing most active
The Indian stock market continues trading on a robust note with Sensex up 389.73 points or 0.96 percent at 40971.44 while the Nifty jumped 101.70 points at 12073.50.Nifty PSU Bank is the outperforming sector, up over 3 percent led by Union Bank of India, Punjab National Bank, OBC, Canara Bank, State Bank of India, Bank of Baroda and Bank of India.PSU banks gained the most on December 13 amid media reports which suggested that banks are likely to get payments from Essar Steel resolution this month.Close The Union Cabinet on Wednesday approved changes to the insolvency law, including a provision to ring-fence successful resolution applicants from criminal proceedings with regard to offences committed by previous promoters of a company. related news Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December BGR Energy share price locked in 20% upper circuit on Rs 4,442-cr order win Metal stocks continue to shine following news … [Read more...] about D- Street Buzz: PSU banks surge on likely resolution of 4 NPA cases; Indiabulls Housing most active
Rupee trades higher at 70.68 per dollar
The Indian rupee erased some of intraday gains but still trading higher by 15 paise at 70.68 per dollar, with buying seen in the domestic equity market.It opened 29 paise higher at 70.54 per dollar versus previous close 70.83.On December 12, the rupee ended marginally higher at 70.83 against the US currency amid uncertainty over the delay in the deadline for imposition of higher US tariffs on Chinese goods.Close The Sensex was up 427.56 points or 1.05% at 41009.27, and the Nifty was up 111.00 points or 0.93% at 12082.80. related news Rupee pares early gains to settle marginally up at 70.83 vs US dollar Rupee at day's high at 70.60 per dollar Oil prices extended gains on Friday, scaling three-month highs as the United States and China moved closer to a resolution to the 18-month trade war between the world’s two biggest economies that has raised big questions about global demand for crude.The dollar-rupee December contract on the NSE was at 70.92 in the … [Read more...] about Rupee trades higher at 70.68 per dollar
Hikal share price jumps 12% as Panoli plant receives EIR from USFDA
Shares of pharma company Hikal rallied more than 12 percent on December 12 after its Panoli plant received Establishment Inspection Report (EIR) from the US health regulator.The stock closed at Rs 114.30 on the BSE, up Rs 12.65, or 12.44 percent.The pharmaceutical manufacturing facility at Panoli in Gujarat was recently inspected by the US Food and Drug Administration in compliance with their requirements.Close The five-day detailed inspection was carried out during the period September 9-13 this year, the company said in its BSE filing. related news Nifty Bank marches toward record high on likely resolution of 4 NPA cases in December BGR Energy share price locked in 20% upper circuit on Rs 4,442-cr order win D- Street Buzz: PSU banks surge on likely resolution of 4 NPA cases; Indiabulls Housing most active The inspection confirmed the site to be compliant with the principles and guidelines of Current Good Manufacturing Practices (CGMP), it added.Hikal said the inspection … [Read more...] about Hikal share price jumps 12% as Panoli plant receives EIR from USFDA
