Business, Market, 5th Jul 2019, News & Stories from India

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Business Market 05 Jul 2019

Business, Market, 05 Jul 2019

Sitharaman in her maiden budget speech noted that a harmonised and hassle-free investment environment needs to be provided to foreign portfolio investors and KYC norms for them would be rationalised and simplified to be made more investment-friendly, without compromising on the integrity of cross-border capital flows. (Representational Image)

Budget 2019: KYC norms relaxation, other proposals for FPIs to boost economy: Experts

Finance Minister Nirmala Sitharaman in the Budget for 2019-20 proposed easing KYC norms for foreign portfolio investors.

05 Jul 2019 7:32 PM

The 30-share Sensex finished 394.67 points, or 0.99 per cent, lower at 39,513.39.

Budget 2019: Markets snap winning run as public float proposal spooks investors

Sitharaman said it was the right time to consider increasing minimum public shareholding from 25 pc to 35 pc.

05 Jul 2019 6:16 PM

Yes Bank was the top loser in the Sensex pack, crashing 8.36 per cent, followed by NTPC, M&M, Vedanta, Sun Pharma and TCS, which lost up to 4.81 per cent lower.

Budget 2019: Sensex sheds 395 points; metal, power stocks sink

After a highly volatile session, Sensex ended 394.67 points, or 0.99 per cent, lower at 39,513.39.

05 Jul 2019 4:15 PM

In the national capital, gold of 99.9 per cent and 99.5 per cent purity surged by Rs 590 each to Rs 34,800 and Rs 34,630 per 10 gram, respectively, according to the All India Sarafa Association. (Representational Image)

Gold prices zoom Rs 590 on custom duty hike

The government in Budget 2019 proposed to increase custom duty on gold and other precious metals to 12.5 per cent.

05 Jul 2019 4:07 PM

At the interbank foreign exchange, the local unit opened at 68.55 a dollar but as Finance Minster Nirmala Sitharaman presented her maiden budget, the local unit gained strength and touched a high of 68.40 against the US dollar, up 10 paise over its previous close.

Budget 2019: Rupee does U-turn, up 10 paise at 68.40 a US dollar

Domestic bourses was trading in the negative territory on Friday with benchmark indices Sensex trading 362.28 points lower.

05 Jul 2019 2:29 PM

Forex traders said rupee slipped marginally against the US dollar as market participants awaited cues from the Union Budget to be presented in the Parliament Friday.

Rupee slips 20 paise to 68.70 vs USD in early trade ahead of Budget

The rupee opened weak at 68.55 at interbank forex market and then fell further to 68.70, down 20 paise over its last close.

05 Jul 2019 10:33 AM

The broader Nifty was quoting 31.85 points, or 0.27 per cent.

Sensex reclaims 40,000 mark ahead of Budget

The 30-share index was trading 114.67 points, or 0.29 per cent, higher at 40,022.73.

05 Jul 2019 9:52 AM

The Market ended with modest gains on Thursday ahead of the Budget presentation on Friday.

12000 points remain a sturdy wall

The Nifty Index ended 30 points or 0.25 per cent higher at 11,946.75, while the Sensex closed at 39,908, up 68 points.

05 Jul 2019 3:05 AM

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Sunil Gatade

Business, Market, 05 Jul 2019

Budget 2019: KYC norms relaxation, other proposals for FPIs to boost economy: Experts

Budget 2019: Markets snap winning run as public float proposal spooks investors

Budget 2019: Sensex sheds 395 points; metal, power stocks sink

Gold prices zoom Rs 590 on custom duty hike

Budget 2019: Rupee does U-turn, up 10 paise at 68.40 a US dollar

Rupee slips 20 paise to 68.70 vs USD in early trade ahead of Budget

Sensex reclaims 40,000 mark ahead of Budget

12000 points remain a sturdy wall

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