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Sensex ends marginally higher amid volatility
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SME Times News Bureau | 16 Nov, 2019
Domestic stock markets continued its ups and downs this week, albeit
Sensex closed with a slight gain. However, Nifty remained below last
week's closing.
The softening in Wholesale Price Index (WPI) has
raised the possibility that the Reserve Bank of India (RBI) may cut key
interest rates further, leading to a rebound in the market during the
last two sessions of the week.
The 30-share Sensex closed at
40,356.69 in the last session of the week on Friday, up 33.08 points
from the previous week's close. However, the 50-share Nifty of the
National Stock Exchange (NSE) lost 12.85 points to settle at 11,895.30.
As
compared to last week, the Bombay Stock exchange (BSE) mid-cap index
closed at 14,772.99, up 41.88 points, while the BSE small-cap index,
closed at 13,326.40, down 148.35 points.
In the first session of
the week on Monday, the Sensex closed at 40,345.08, a gain of just 21.47
points over the previous session and the Nifty also gained 4.80 points
to close at 11,912.95.
Trading in the stock market was closed the
next day on Tuesday due to the holiday on the occasion of Gurunanak
Jayanti. The trading trend in the domestic stock market remained weak on
Wednesday due to poor industrial production data and weak signals from
foreign market, due to which the Sensex fell 229.02 points to close at
40,116.06 and the Nifty also slipped 73 points to close at 11,840.45.
However,
the market recovered on Thursday and the Sensex gained 170.42 points to
end at 40,286.48 and the Nifty gained 30 points to 11,870.45. In the
last session of the week on Friday, the upward trend continued and the
Sensex closed at 40,356.69, a 70.21 point-gain as compared to last
session and the Nifty closed at 11,895.30, advancing 23.20 points.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
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84.65 |
Euro
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78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 14 Jul, 2020 |
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