Thursday, December 9, 2021

Business Roundup: Sensex and Nifty slip amid mixed global cues; Rupee weakens 24 paise against US Dollar

The Sensex and the Nifty today fell marginally in the last hour of trading, paring early gains. Both stocks slipped amid mixed global cues. The Rupee weakened 24 paise against the US Dollar

The Sensex at Bombay Stocks Exchange fell 19 points, or 0.04 per cent, to finish at 52,861. The Nifty at National Stocks exchange also declined 16 points, or 0.1 per cent, to close at 15,818.

In global equity markets, Asian stocks traded mixed amid volatility. Singapore’s Straits Times was trading around 1.6 per cent up while South Korea’s KOSPI added 0.4 per cent. Japan’s Nikkei-225 rose 0.2 per cent. China’s Shanghai Composite Index slipped 0.1 per cent and Hong Kong’s Hang Seng declined 0.3 per cent. European shares were down in intra day trade.

Crude oil prices surged to multi-year highs including U.S. crude hitting its highest since 2014. The Brent crude prices jumped to trade beyond USD 77 per barrel mark. In intra-day trade, Brent crude prices were trading around USD 77.10 per barrel.

Back Home, Gold prices climbed around Rs 540 at Multi Commodity Exchange for August contracts amid gains in gold prices in the international markets. Gold was trading at Rs 47,840 per 10 gram. Silver prices also surged around Rs 500 to trade at Rs 70,540 per kilogram for July Contracts when reports last came in.

The Rupee today weakened 24 paise in afternoon trade to Rs 74.55 against the US Dollar.

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