Business, Market, 19th Jul 2019, News & Stories from India

Friday, Apr 19, 2024 | Last Update : 10:16 PM IST

Business Market 19 Jul 2019

Business, Market, 19 Jul 2019

The retail investors put in bids worth over Rs 5,000 crore Friday, taking the total bid value to about Rs 25,000 crore, sources said. (Photo: Representational)

CPSE ETF fund oversubscribed, investors put in bids worth Rs 25,000 cr so far

Government is looking to raise up to Rs 10,000 crore through the follow-on fund offer of CPSE Exchange Traded Fund.

19 Jul 2019 8:02 PM

The rupee finally closed at 68.80, up 17 paise over its previous close on Friday.

Rupee snaps 3-day losing streak; rises 17 paise to 68.80 vs USD

Forex traders said rupee along with most Asian currencies strengthened following dovish comments from New York Fed officials.

19 Jul 2019 7:15 PM

During the week, the Sensex declined by 399.22 points or 1.03 per cent, while the Nifty shed 133.25 points or 1.15 per cent.

Sensex posts 2nd-biggest fall this year; investors lose Rs 3.79 lakh cr in 2 days

Led by a sell-off in auto and banking stocks, the 30-share Sensex cracked 560.45 points or 1.44 pc to settle at 38,337.01.

19 Jul 2019 5:57 PM

Globally, gold was trading lower at USD 1,437.60 an ounce in New York, while silver was up at USD 16.45 per ounce. (Photo: Representational)

Gold nears Rs 36,000 mark, silver jumps Rs 935

Gold prices may trade higher in coming days because of weaker dollar and speculations of US Fed rate cut, HDFC's Tapan Patel.

19 Jul 2019 4:27 PM

The broader Nifty was also quoting 177.65 points or 1.53 per cent down at 11,419.25.

Sensex plunges over 550 points, Nifty below 11,500

The benchmark BSE Sensex surrendered all gains to end at 560.041 points or 1.44 per cent lower at 38,337.01.

19 Jul 2019 3:43 PM

Benchmark crude prices were still on track for their biggest weekly decline in seven weeks, having fallen sharply earlier in the week on hopes for easing Middle East tensions as well as demand concerns and a dwindling storm impact.

Oil jumps after US Navy downs Iranian drone

Brent crude futures were up USD 1.17, or 1.9 per cent, at USD 63.10 a barrel by 0505 GMT.

19 Jul 2019 1:13 PM

Foreign fund outflows and cautious opening in domestic equities weighed on the local unit.

Rupee rises 23 paise against dollar in early trade

Rupee opened strong at 68.78 at the interbank forex market then gained further ground to touch 68.74 per dollar.

19 Jul 2019 10:21 AM

The broader Nifty was also quoting 66.75 points or 0.58 per cent down at 11,530.15.

Sensex drops over 200 points, Nifty below 11,550

The 30-share index opened over 150 points tracking rally global equities, but surrendered all gains to trade 201.04 points lower.

19 Jul 2019 10:16 AM

The US-China trade war is not going to be beneficial for Indian exports. On the contrary, India faces a threat of dumping by China.

Trade war may not help Indian exports

Capital goods account for only 3.71 per cent of India's exports to the US and electrical and electronic goods do not even figure in the export list.

19 Jul 2019 7:00 AM

While the Sensex plunged 318 points or 0.81 per cent to 38,897, the Nifty Index ended 90.6 points or 0.78 per cent lower at 11,596.9.

Immediate support seen at 11582 points

Sectorally, there were no gainers. The top losers were the BSE Auto, Metal, Oil and Gas and Power indices.

19 Jul 2019 6:45 AM

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Mohan Guruswamy