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Share Market Highlights: Sensex ends at record high, Nifty at 13,760; TCS, SBI, L&T, Nestle, Titan top gainers
India Stock Market Highlights Today: In today s session, Sensex hit an all-time high of 47,026 and Nifty logged a lifetime high of 13,772.
BusinessToday.In | December 29, 2020 | Updated 20:03 IST
Share Market Highlights: Here s a look at the updates of the market action on BSE and NSE today
Sensex, Nifty Highlights on December 18: Equity indices closed at new record highs on Friday, amid mixed trend from global equities. Extending gains for the sixth session, Sensex ended 70 points higher at 46,960 and Nifty gained by 19 points to 13,760. In today s session, Sensex hit an all-time high of 47,026 and Nifty logged a lifetime high of 13,772. Yesterday, Sensex ended 223 points higher at 46,890 and Nifty gained by 58 points to 13,740.
Gold, silver prices fall on profit booking
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Send Further, increasing hopes of an economic stimulus from the US government also weighed on the price of gold internationally, which reflected in the domestic market.
Image Courtesy : IANS
Mumbai: Gold and silver prices declined on Friday as traders booked profits after the recent surge in prices.
Further, increasing hopes of an economic stimulus from the US government also weighed on the price of gold internationally, which reflected in the domestic market.
As the US Congressional Republicans and Democrats try to pass a new round of coronavirus aid, lawmakers from both parties are of the view that failure to agree was not an option anymore.
Silver futures slide nearly 1% to Rs 67,731 per kg on firm dollar
In the futures market, silver for March delivery touched an intraday high of Rs 67,999 and a low of Rs 67,364 per kg on the MCX.
Mumbai / December 18, 2020 / 04:08 PM IST
Silver prices dropped to Rs 67,731 per kg on December 18 as participants increased their short positions as seen by the open interest. The precious metal had surged 4.5 percent yesterday on the COMEX.
The white metal price fell tracking weakness in gold and firm US dollar. The downside may, however, be capped amid general weakness in the US dollar along with hopes of more stimulus.
NEW DELHI: Metal and energy counters on MCX traded with gains on Thursday. At the same time, most agri commodities were trading with cuts as the US Fed rallied behind economic growth.
Gold was up 0.58 per cent while silver rose 2.15 per cent. All base metal counters were trading with gains led by zinc that gained 1.55 per cent. Crude oil added 0.99 per cent while its peer natural gas rose 2.46 per cent.
“Traders can buy gold at Rs 49,500 levels with the stop loss at Rs 49,200 levels for a target of Rs 50,300 levels. They can also buy silver at Rs 66,500 levels, with the stop loss of Rs 65,900 levels for the target of Rs 67,500. We expect gold to test $1,900 levels in international markets soon,” said Anuj Gupta- DVP- Commodities and Currencies Research, Angel Broking.