Pti

News Highlights

  • Halting its three-day winning run, the rupee on Monday declined by 17 paise to close at 72.62 (provisional) against the US dollar tracking the strengthening of the American currency in the overseas market.

  • Gold rose by Rs 195 to Rs 48,608 per 10 gram in the national capital on Monday following a gain in the precious metal prices.

Mumbai: Equity benchmark Sensex rallied around 515 points on Monday while the NSE Nifty closed at a fresh peak, led by gains in RIL, ICICI Bank and HDFC Bank amid a mixed trend in global markets.

A steady decline in daily COVID-19 caseload also strengthened investor sentiment, brokers said.

The 30-share BSE Sensex ended 514.56 points or 1.00 per cent higher at 51,937.44, and the broader NSE Nifty surged 147.15 points or 0.95 per cent to its fresh closing record of 15,582.80.

Reliance was the top gainer in the Sensex pack, surging over 3 per cent, followed by ICICI Bank, Bharti Airtel, Dr Reddy, Maruti and ITC.

On the other hand, M&M, Infosys, IndusInd Bank, L&T, and Sun Pharma were among the laggards.

Elsewhere in Asia, bourses in Shanghai and Seoul ended on a positive note, while Hong Kong and Tokyo were in the red.

Equities in Europe were trading on a mixed note in mid-session deals.

India reported the lowest daily new coronavirus infections in 50 days with 1,52,734 cases, taking the tally to 2,80,47,534 on Monday, while the active caseload declined to 20,26,092, the Health Ministry said.

Meanwhile, international oil benchmark Brent crude surged 1.08 per cent to trade at USD 69.46 per barrel.

Rupee Snaps 3-Day Winning Streak, Drops 17 Paise To 72.62/USD

Halting its three-day winning run, the rupee on Monday declined by 17 paise to close at 72.62 (provisional) against the US dollar tracking the strengthening of the American currency in the overseas market.

At the interbank foreign exchange market, the domestic currency opened at 72.38 but pared the gains to close at 72.62 a dollar, registering a decline of 17 paise over its previous close of 72.45.

During the session, the local unit hit an intra-day high of 72.34 and a low of 72.65.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.04 per cent to 90.07.

On the domestic equity market front, the BSE Sensex ended 514.56 points or 1 per cent higher at 51,937.44, while the broader NSE Nifty gained 147.15 points or 0.95 per cent to close at 15,582.80.

Brent crude futures, the global oil benchmark, rose 1.06 per cent to USD 69.45 per barrel.

Foreign institutional investors were net buyers in the capital market on Friday as they purchased shares worth Rs 913.59 crore, as per exchange data.

Meanwhile, India reported the lowest daily new coronavirus infections in 50 days with 1,52,734 cases, taking the tally to 2,80,47,534 on Monday, while the active caseload declined to 20,26,092, the Health Ministry said.

Gold Gains Rs 195, Silver Dips Marginally By Rs 15

Gold rose by Rs 195 to Rs 48,608 per 10 gram in the national capital on Monday following a gain in the precious metal prices, according to HDFC Securities.

In the previous trade, it had closed at Rs 48,413 per 10 gram.

Silver dipped marginally by Rs 15 to Rs 70,521 per kilogram from Rs 70,536 per kilogram in the previous trade.

"Spot gold prices for 24 carats in Delhi rose by Rs 195 with strong COMEX (New York-based commodities exchange) gold prices," according to HDFC Securities, Senior Analyst (Commodities), Tapan Patel.

In the international market, gold was trading with gains at USD 1,905 per ounce and silver was flat at USD 27.95 per ounce.

scrollToTop