Already stocks experts predicted that, the Indian markets will still not seen a big boom . Banking stocks fell today . Although the RBI to maintain the liquidity of the banking stocks to intervene directly in the assurance of the banking sector stocks may rise in the coming days . RBI is expected in October as reduced liquidity in banking stocks eased some of the steps taken to give. The share of the banking sector may perform well during the next few months.
The sharp fall in bank stocks and the market lost nearly 1 per cent to rupee firmly broken. Indian stock markets fell heavily on this Friday. BSE 30-share Index fell 166.58 points to close at 19727.27 levels. NSE 50-share Index fell 49.05 points to close at 5833.20 points. Mid-cap stocks are dull. Small-cap stocks rose.
Bank, metal, realty, capital goods, power, consumer durable shares break 2-1 per cent. PSU, auto, tech stocks dropped from 0.4 to 0.2 per cent. FMCG stocks were 0.5 percent robust. Oil and gas stocks rose slightly. IT and healthcare stocks were lingering.
Strengthened rupee on Friday witnessed. At evening at 3:40 pm the rupee against the dollar was trading at 62.35, which gained 28 paisa. Due to the improvement in Rupees, gold imports declining current account information are told to be improving. Foreign exchange reserves has seen strong growth in the rupee.
Gold prices also shot up drastically on Friday. Gold the evening at 3:40 pm along the seams of Rs 35 per 10 grams was trading at Rs 29900. Experts believe that the given the festive season just a major decline the price of gold not going to come.
- Gold Tips : At MCX Gold is trading current Rs. 30,737/10gm with 2.97% gain.
- Silver Tips : At MCX Silver is trading current Rs. 49,570/Kg with 1.91% gain.
- Copper Tips : At MCX Copper is trading current Rs. 470, with 2.57% gain.
- Crude Oil Tips : At MCX Crude Oil is trading current Rs. 6,538/barrel with 2.12% gain.
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