This blog will keep you posted on the latest market updates.
Markets close in the green; jewellery stocks gain.
The benchmark indices gained for the ninth consecutive day for the first time since January 2015. The NSE Nifty held the 10,500 range and the Sensex gained nearly 100 points. The Nifty Bank and the Nifty Midcap Index closed with a gain of 0.1% each. HDFC, ITC and ICICI Bank were among the top index gainers while Infosys continued to show a downward trend. Among jewellery stocks, Titan closed at a record high ahead ff Akshaya Tritiya. The market breadth turned in favour of advances with the advance-decline ratio at 1:1.
China to allow full foreign ownership in auto industry.
China has announced plans to allow full foreign ownership of automakers in five years, ending restrictions that have strained relations with Washington and other trading partners.
The Cabinet's planning commission said, it will lift limits on foreign ownership of electric vehicle producers this year, followed by similar action for makers of commercial vehicles in 2020 and passenger
Markets trade in the green; jewellery firms gain ahead of Akshaya Tritiya.
The markets are currently in the green amid a volatile session with jewellery companies gaining ahead of the celebration of Akshaya Tritiya. The BSE Sensex is trading at 34,415 points and the NSE Nifty, holding the 10,500 range, is trading at 10,557 points.
Crisil, Schaeffler India declare quarterly results.
Schaeffler India posted its Q4 results with net profit (GU) at Rs 66 crore against the previous Rs 57.5 crore on a year-on-year basis. The firm posted its revenue (GU) at Rs 521.2 crore versus the previous Rs 461.2 crore on a year-on-year basis.
Gold prices rise as dollar slips to lowest in nearly three weeks ## Gold prices rise as dollar slips to lowest in nearly three weeks
Gold prices nudged higher on Tuesday as the U.S. dollar slid to its weakest level in about three-weeks, with the metal also supported by festering worries over U.S.-China trade tensions.
Spot gold had gained 0.2 percent to $1,347.81 an ounce by 0707 GMT, while U.S. gold futures were steady at $1,350.60 an ounce.