Markets
Sensex regains 120 pts on Asian cues
PTI The benchmark BSE Sensex rebounded over 120 points and the NSE Nifty regained the 8,100-mark in the opening trade on Monday on value-buying in select blue-chips amid a firming trend on other Asian bourses.Besides, covering-up of short positions by speculators supported the recovery.The 30-share index was trading higher by 120.02 points, or 0.45 per cent, at 26,270.45 with sectoral indices led by oil & gas, metal and PSU leading the recovery.The gauge had lost 1,367.44 points in the previous
Markets
Rupee recovers 4 paise against US dollar
PTI The rupee recovered by 4 paise to 68.09 against the U.S. dollar in the opening trade on Monday at the Interbank Foreign Exchange on fresh selling of the American currency by exporters and banks amidst higher opening in the domestic equity market.Forex dealers said besides selling of the American currency by exporters and banks, weakness in the dollar against other currencies overseas supported the rupee.Further, a higher opening in the domestic equity market influenced the rupee uptrend, they a
Markets
Bullion traders keep shops shut for 9th day
PTI Gold and jewellery establishments in the national capital remained shut for the 9th day today after Income Tax Department on November 10 carried out surveys following reports of alleged profiteering and tax evasion by traders as government demonetised high value currency note.The survey operations were carried out in at least four locations, including the popular Dariba Kalan, Chandni Chowk and Karol Bagh.The government last week demonetised high denomination of Rs. 500 and 1,000 notes to flush