Business, Market, 17th Jun 2019, News & Stories from India

Thursday, Apr 25, 2024 | Last Update : 06:17 AM IST

Business Market 17 Jun 2019

Business, Market, 17 Jun 2019

At the interbank foreign exchange (forex) market on Monday, the domestic currency opened higher at 69.87 a dollar but lost ground during the day to fall to 69.94.

Rupee logs 3rd straight loss; Indo-US trade tiff weighs

The domestic currency has lost 57 paise in the last three sessions.

17 Jun 2019 6:25 PM

Concerns over advancement of monsoon and geo-political issues also played spoilsport for the market.

Investor wealth erodes by over Rs 2 lakh cr as stocks plummet

The market capitalisation of BSE-listed companies dropped by Rs 2,00,258.81 crore to Rs 1,50,09,329.19 crore.

17 Jun 2019 6:15 PM

The BSE gauge settled 491.28 points, or 1.25 per cent, lower at 38,960.79.

Sensex plummets 491 points on Indo-US trade war fears

The broader NSE Nifty cracked 151.15 points, or 1.28 per cent, to close at 11,672.15.

17 Jun 2019 4:34 PM

Globally, spot gold was trading lower at USD 1,333.90 per ounce, while silver was down at USD 14.85 an ounce in New York.

Gold falls Rs 100 on subdued jewellers' buying

Gold is trading at Rs 33,620 per 10 gram in the national capital due to subdued demand from local jewellers.

17 Jun 2019 3:42 PM

The broader Nifty fell 0.58 per cent to 11,755.05 as of 0510 GMT, while the benchmark Sensex declined 0.52 per cent to 39,247.55.

Sensex, Nifty falter as tariffs on US goods stoke trade war fears

India putting retaliatory tariffs on US is creating a fear of a trade war,' said Siddhartha Khemka of Motilal Oswal Securities.

17 Jun 2019 12:49 PM

Rupee opened weak at 69.87 at the interbank forex market and then fell further to 69.89.

Rupee slips 9 paise against dollar in early trade

Foreign fund outflows and heavy selling in domestic equities kept pressure on the Indian rupee.

17 Jun 2019 10:27 AM

The broader NSE Nifty was quoting 50.20 points, or 0.42 per cent, down at 11,773.10.

Sensex drops over 150 points; Nifty below 11,800

The 30-share index was trading 175.29 points, or 0.44 per cent, lower at 39,276.78.

17 Jun 2019 10:23 AM

Oil prices have climbed 3.4 per cent since Thursday’s attacks. (Representational Image)

Saudi seeks oil supply protection as US and Iran face off

Thursday’s tanker attacks in the Gulf of Oman exacerbated the antagonistic fallout from similar blasts in May that crippled four vessels.

17 Jun 2019 8:19 AM

According to experts, time-wise correction will continue for the market and once again the '20 DMA' (double exponen-tial moving average) will act a support for the Nifty.

Market likely to see correction

The market is closely watching the progress of the monsoon and the trend in crude oil prices.

17 Jun 2019 1:16 AM

These lenders are following the path of a lending unicorn-Capital First, which adopted a similar strategy. In 2012, venturing down the entrepreneurial road, V Vaidyanathan acquired a stake in an existing NBFC and secured the equity backing of Rs 810 crore from Warburg Pincus and thus founded Capital First Ltd.

Start-ups entering listed space via reverse merger

Nath, a financial services veteran, launched U GRO last year after acquiring listed entity Chokhani Securities.

17 Jun 2019 1:03 AM

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Dilip Cherian