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Sensex: After taking a day's breather, the benchmark BSE Sensex today recovered by 151.15 points to close at 28,223.08, nearly two-week high, helped by rise in services sector activity last month and positive global cues.
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Gold is typically regarded as a good investment in times of financial and economic uncertainty.
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Tata Chemicals today reported 13 per cent drop in consolidated net profit at Rs 153.04 crore for the quarter ended June, 2015 on delayed implementation of urea policy and payment of fertiliser subsidies by the government.
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Out of the 30 Sensex pack, 20 stocks ended higher. Major gainers for the day were Wipro (2.94 pc), Infosys (2.52 pc), Bajaj Auto (2.36 pc), Tata steel (2.28 pc), Lupin (2.08 pc), M&M (1.51 pc) and Hero MotoCorp (1.38 pc).</br><br> While Tata Motors (1.10 pc), Coal India (1.08 pc), SBI (0.99 pc), ICICI Bank (0.96 pc), Hindalco (0.91 pc) and BHEL (0.57 pc) were among the losers.
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Continuing its losing streak for the third consecutive day, gold tumbled by Rs 110 to Rs 25,020 per ten grams at the bullion market today, largely in tandem with a weakening global trend amid subdued demand from jewellers.
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Recovering from initial losses, the Indian rupee today closed barely steady at 63.75 against the US dollar on fresh selling of the greenback by banks and exporters amid sustained foreign capital inflows in equities.
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