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Sensex ends 234 pts higher, Yes Bank gains 12%
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SME Times News Bureau | 16 Jul, 2019
Recovery in auto stocks and earning optimism over select stocks drove the markets higher for the second day in a row.
Sensex
extended gains after opening a tad higher and ended Tuesday's session
234.33 points higher at 39,131.04 while the broader Nifty closed at
11,661.05, gaining 72.70 points.
Private lender, Yes Bank jumped
by 12 per cent on the BSE over reports that the company is set to get
capital infusion from a US-based private equity investor, however, the
company termed it "speculative".
Most IT companies except for
Infosys closed with losses, led by Tata Consultancy Services which
declined by 1.67 per cent on the NSE. Mindtree shed 1.18 per cent while
Oracle Financial Services Software, Wipro and HCL Tech fell up to 1 per
cent.
"A slew of positive vibes from heavy weights ahead of
earnings and lower domestic yield supported the market while profit
booking on IT stocks & weak rupee limited gains,"said Vinod Nair,
Head of Research, Geojit Financial Services .
"Sharp fall in
domestic 10 year yield to 6.34 per cent and accommodative stance of RBI
provides a hope for further monetary easing," Nair added.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
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66.20
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64.50 |
UK Pound
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87.50
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84.65 |
Euro
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78.25
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75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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