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Business News

Feb 11, 2021
6:52PM

A look at the world of business today

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The Sensex and Nifty today ended with gains of more than 0.4 per cent. The key equity indices climbed amid mixed global cues. Global markets were trading flat as investors remained cautious after recent record setting rallies.
 
The BSE Sensex closed 222 points, or 0.43 per cent, up at 51,532 and the NSE Nifty added 67 points, or 0.44 per cent, to trade at 15,173.
 
The broader market at BSE also gained outperforming the Sensex. The BSE Mid-Cap index was up 0.45 per cent while the BSE Small-Cap index appreciated 1.1 per cent.
 
In the Sensex pack, shares of 16 companies gained while 14 fell while in the sectoral indices at BSE, 11 out of the 19 sectors gained.
 
In the Global equity market, investors rested at record high levels. Hong Kong's Hang Seng climbed half a per cent and Singapore's Straits Times ended flat. Trade did not take place in China’s Shanghai Composite index, South Korea’s KOSPI and Japan's NIKKEI-225. European stocks were trading up but in a narrow range while US markets fell up to 1.3 per cent yesterday.
 
In the Bullion Market, global oil prices fell marginally, giving up some of the recent strong gains on profit-taking. In intra-day trade, Brent crude prices were trading around 61 dollars per barrel while WTI crude prices were around USD 58.30 per barrel.
 
Back Home, gold prices fell Rs 50 per 10 gram at Multi Commodity Exchange. Gold was trading at Rs 47,965 per 10 gram. Silver, however, added Rs 20 to Rs 68,950 per kilogram.

In the forex market, the rupee closed almost unchanged from its level of the previous session. The domestic unit slipped one paise to Rs 72.56 against the US dollar.

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