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Sensex down 74 points, Nifty closes at 11,017
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SME Times News Bureau | 20 Aug, 2019
Indian stock markets closed on a flat note for the second straight day
on Tuesday, awaiting a stimulus package from the government. The Sensex
closed 74.48 points or 0.20 per cent lower at 37,328.01, while the
broader Nifty ended 36.90 points lower at 11,017.
State-run banks declined most on the NSE, followed by private banks and financial service stocks, while auto stocks gained.
According
to analysts, the auto stocks gained investors' favour on a possible
stimulus package and optimism over the upcoming festive season. Maruti
Suzuki and Tata Motors closed as the Nifty50 table toppers, gaining 4
per cent and 2.48 per cent, respectively. IT stocks also edged higher after a relatively poor performance during the last month.
Private lender Yes Bank, which has a significant stake in CG Power, closed nearly 7 per cent lower at Rs 71.25 per share.
Hit
by major corporate governance issues involving unauthorised
transactions and understatement of liabilities, Gautam Thapar-led CG
Power's shares plunged nearly 20 per cent on the BSE.
Asian
markets rose on Tuesday as stimulus hopes in major economies tempered
anxiety about a global recession, boosting riskier assets and drawing
money from safe-havens such as bonds and gold.
European markets
followed their Asian counterparts higher as investors bet that possible
monetary and fiscal stimulus measures would help stave off a major
global economic downturn.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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84.35
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82.60 |
UK Pound
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106.35
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102.90 |
Euro
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92.50
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89.35 |
Japanese
Yen |
55.05 |
53.40 |
As on 12 Oct, 2024 |
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