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PTI

News Highlights

  • Gold on Monday declined Rs 54 to Rs 46,448 per 10 grams.
  • Silver dipped by Rs 178 to Rs 59,217 per kg, from Rs 59,395 per kg in the previous trade.

The BSE Sensex shot up over 650 points to surge past the 60,000-level while the NSE Nifty settled above 18,000 on Monday as participants showed keen interest in IT and financial shares ahead of the Q3 earnings season.

Starting off on a positive note, the 30-share BSE benchmark hit the day's high of 60,427.36, before ending at 60,395.63, higher by 650.98 points or 1.09 per cent.

Likewise, the NSE Nifty climbed 190.60 points or 1.07 per cent to settle at 18,003.30.

On the Sensex chart, Titan, Maruti, SBI, L&T, HDFC and Kotak Bank emerged as prominent gainers.

In contrast, Wipro, Nestle India, Asian Paints and PowerGrid were among the major laggards.

Analysts said the Q3 corporate results announcements starting this week from the IT majors and HDFC Bank are likely to set the trend for the crucial tech and banking segments.

Elsewhere in Asia, the bourses ended on a subdued note as investors awaited US inflation data.

Foreign institutional investors (FIIs) were net buyers in the capital market, as they bought shares worth Rs 496.27 crore on Friday, according to stock exchange data.

Rupee Gains 31 Paise To Close At 74.03 Against US Dollar

The rupee surged 31 paise to close at 74.03 (provisional) against the US dollar on Monday amid robust buying in domestic equities.

At the interbank forex market, the local unit opened strong at 74.15 against the greenback and witnessed an intra-day high of 74.03 and a low of 74.21. It finally settled at 74.03, a rise of 31 paise over its previous close.

In the previous session, the rupee had settled at 74.34 against the US dollar.

Meanwhile, the dollar index, which measures the greenback's strength against the basket of six currencies, rose 0.19 per cent to 95.90.

Brent crude futures, the global oil benchmark, was trading 0.51 per cent higher at USD 82.17 per barrel.

Foreign institutional investors were net buyers in the capital market on Friday, as they purchased shares worth Rs 496.27 crore, as per stock exchange data. 

Gold Declines Rs 54; Silver Tanks Rs 178

Gold in the national capital on Monday declined Rs 54 to Rs 46,448 per 10 grams in line with weak international precious metal prices along with rupee appreciation, according to HDFC Securities.

The precious metal settled at Rs 46,502 per 10 grams in the previous trade.

Silver also dipped by Rs 178 to Rs 59,217 per kg, from Rs 59,395 per kg in the previous trade.

"Gold prices traded down with spot gold prices at COMEX trading at USD 1,794 per ounce on Monday. Gold prices traded under pressure on firm dollar and strong US bond yields," HDFC Securities Senior Analyst (Commodities) Tapan Patel said.

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