Gold snapped its three-day losing streak today by surging Rs 220 to trade at Rs 27,220 per 10 gm at the bullion market on positive global cues and increased buying by jewellers to meet wedding season demand. Silver also climbed by Rs 850 to Rs 37,750 per kg on increased offtake by industrial units and coin makers.
Tax arrears towards central excise rose to Rs 59,309 crore in 2013-14, from Rs 45,463 crore a year ago, government auditor CAG said today.
In a volatile trade, the Sensex today fell over 50 points to close at 27,440.14 as investors turned cautious and booked profits in banking, IT and auto sector stocks.
The 50-issue CNX Nifty of the NSE also gyrated in a range of 8,355.65 and 8,280.60 before concluding slightly lower by 7.15 points, or 0.09 per cent, at 8,324.80.
After a 4-day break, the rupee today continued its downward march against the American currency for the third session by falling 2 paise to 63.44 on persistent dollar demand from banks and importers.
Kotak Mahindra Bank Ltd, India’s fourth-biggest private sector lender by assets, reported a better-than-expected 29.5 percent rise in quarterly profit and said it would issue free shares to investors.
FMCG firm Dabur Ltd today reported a 21.03 per cent increase in consolidated net profit at Rs 284.8 crore for the fourth quarter ended March 31, 2015.
Leading global IT solutions provider NIIT Technologies today announced its financial results for the last quarter (Q4) and audited results for the year ended 31st March 2015 with consolidated revenues for the quarter growing 2.7% sequentially to Rs 611.2 crore and operating profits improving by 15.6% sequentially to Rs 99.7 crore.