The 50-share NSE Nifty ended above the 8,800-level by rising 53.65 points or 0.61 per cent to 8,834.00 after shuttling between 8,841.65 and 8,762.10 intra-day. In volatile movements, the 30-share Sensex opened firm at 28,955.13 and quickly regained the 29,000-mark on sustained buying activity. But, on emergence of profit-booking it slipped into negative zone to touch day's low of 28,843.94. However, it staged a strong comeback at the fag-end to hit the day's high of 29,072.51, before settling 165.06 points or 0.57 per cent higher at 29,044.44. -
Easing of food prices, mainly milk and vegetables, pulled down the March retail inflation to 3-month low of 5.17 per cent. The retail inflation as measured by Consumer Price Index was 5.37 per cent in February, and 5.19 per cent in January. It was 8.25 per cent in March last year.
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The rupee continued its downslide for the second session in a row, depreciating by 20 paise to close at more than one-week low of 62.51 against the greenback following sustained dollar demand from importers amid strong overseas demand.
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Continuing its rising streak for the third straight day, gold prices rose by another Rs 40 to trade at Rs 27,120 per ten grams at the bullion market today on continued buying by jewellers to meet wedding season demand amidst firming trend overseas. Silver also gained Rs 100 at Rs 37,000 per kg on increased offtake by industrial units and coin makers.
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The total market capitalisation of nine of the top-10 Sensex firms advanced by Rs 1,02,729 crore last week, with RIL and TCS stealing the show with maximum rise in valuation.
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The BSE 30-share barometer resumed higher and moved in a positive for the major part of the week in a range of 28,907.81 and 28,221.59 before concluding at 28,879.39, a sharp gain of 619.24 points or 2.19 per cent.
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Gold prices rose for the second straight day and reclaimed the psychologically important Rs 27,000-mark, surging by Rs 280 to trade at Rs 27,080 per 10 grams at the bullion market today amid a firming global trend.

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