Rupee, Sensex, Gold price, Market Top Gainers & Losers
Thu Jan 02 2014, 19:02 hrs
BSE Sensex gave up initial gains to end lower by 252 points, logging its biggest drop since November 21, on late profit-taking in bluechips. Selling was widespread with realty, capital goods, power and banking being among the worst hit. The IT sector, which earns most revenues in dollar, escaped unscathed as the rupee slipped below the 62-mark against the US currency.
At the interbank foreign exchange market, the rupee started on a stable note from the previous close of 61.90 and climbed to the day's high of 61.74 as local stocks advanced. However, the local currency fell sharply to a low of 62.28 after a drop in the domestic equity market amid weak European cues and a decline in manufacturing data in December.
Partially convertible rupee closed at 62.26/27 per dollar compared with 61.91/92 on Wed. It fell to 62.28 in session, its lowest since Dec. 20. The falls came after the benchmark BSE stock index ended down 1.2 percent, as investors booked profits on blue chips.
Falling for the second day in a row this calendar year, BSE Sensex closed at 20,888.33, down 252.15 points, or 1.19 per cent after surging about 190 points intra-day to touch 21,331.32. Yesterday, it had slipped by 30.20 points. On November 21, 2013, the BSE Sensex had slid 406.08 points.
Gold prices gained Rs 175 to Rs 30,200 per ten grams for the second straight day on increased buying by stockists and jewellers for the ensuing marriage season and a firming global trend. Silver also jumped Rs 950 to Rs 44,750 per kg on increased offtake by jewellers and industrial units.
BSE Sensex gave up initial gains to end lower by 252 pts, logging its biggest drop since Nov 21, on late profit-taking in bluechips, including ICICI Bank, Reliance Industries (RIL), ITC Ltd and Larsen & Toubro (L&T) amid mixed global cues after disappointing Chinese data