Gold, silver rose unprecedented record in one day: Gold rose by Rs 1,522 per 10 grams and silver by Rs 3475 per kg.

 

- Finance Minister's directorial relief raises Sensex 693 points, Nifty 191 points
- Investors' assets in shares increased by Rs.1.83 lakh crore to Rs.103.70 lakh crore.
- Dow Jones opens 1230 points in the US, Nasdaq rises 350 points

Mumbai, Ta-24 Mar 2020, Tuesday

As the Corona epidemic has pushed the world into a major crisis, the global stock markets and commodities markets have risen sharply following the historic erosion in March, short of the global economy, which also crippled the global economy. Sensex jumped 692.79 points and closed at 6,674.80, 26,674.80 and 26.66.80, with the US announcing a huge bond binding program by announcing a huge bond binding program to save the country from the economic crisis caused by Corona Crisis.

With this, gold and silver were gaining momentum in the world market in just one day. Gold prices jumped by $ 100 per ounce in the world market, with a record one day rise of Rs 1,525 per 10 grams in India and Rs 3475 per kg in silver. The US dollar against the rupee fell 42 paise to close at Rs 75.88 today, with a 10-day US dollar gain against global currencies. However, crude oil international prices closed at $ 28.12 a barrel at $ 28.12 per barrel and neamex crude a dollar higher at $ 24.36 late in the evening.

Gold prices jumped by $ 100 in the world market yesterday to reach $ 1600 and reached close to $ 1608, where gold prices in Mumbai today rose by Rs 40556 to Rs. Whereas 99.90, the 40.4719 today rose to Rs 4,2247. Silver prices rose by Rs 3475 to Rs 40325 today as compared to Rs 36719 per 999 kg. Silver prices soared 89 cents to $ 14.16 an ounce in the global market.

It is worth mentioning that today, after the closing circuit for 45 minutes due to the low circuit in the Sensex-Nifty of 10-10% two days a week in the Indian stock markets, there was a sharp upward trend in Indian stock markets.

The world is currently going through a historic economic crisis due to this epidemic, the United States yesterday announced unlimited quantitative easing, announced a huge bond binding program, and previously announced an economic package with European countries, including Asian countries, China, Japan. But Indian speculation behind the announcement of the Stimulus economic package will be announced With markets increasingly short kavaringa views.

But there were also reports flowing amid the expectation of the package that the financial emergency in the country was about to be declared, and India was engulfed in a major economic crisis as a result of the initial surge of intra-day washes and the Sensex-Nifty negative zone. The re-emergence was accelerated by clarification that it was not a financial emergency and Finance Minister Nirmala Sitharaman announced regulatory relief measures, including payment of taxes, relaxation of bank charges, extended filing of GST returns. But today, the index-based gains rose half-way to close today, with the Sensex jumping 26,674.03 and the Nifty spot closing 190.80.05 points, with the Stimulus Package unveiled.

The Sensex opened up a gap of 1074.99 points at 27056.23 heading against 25981.24 at the close of the session, while it jumped by 1481.63 points to reach 27462.87. The surge in panic on traders' profit bookings and financial emergency triggered panic, with 342.34 points down 25638.90 at a time. The decline, which was followed by the anticipation of the stimulus package and the various concessions announced by the Finance Minister, came to a close on 27310. But again, promising only that the stimulus package will not be announced again soon, the traders' profit bookings closed at 26525 and closed 692.79 points to 26674.03.

Nifty spot opened at 7848.30 against the next closed 7610.25 with short cover in IT stocks including Infosys, HCL Technology, Wipro, TCS, Bajaj Finance in Banking-Finance stocks, State Bank of India, ICICI Bank, KIC Bank Bank, ICICI Bank and KFC Bank. The stocks were bullish, including Nestle India, Hindustan Unilever, Britannia and Adani Ports. Lion Industries, ONGC, Maruti Suzuki, Eicher Motors, including the attraction of 8036.95 reached Sensex surged 426 points at one stage. Returning from the boom, the whole surge washed down 99.15 points to 7511.10. The rise, which reached 7985 in the upside, came down to 7,748 from this surge and closed 190.80 points at 7801.05.

Foreign portfolio investors - FPIs and FIIs - today sold more than Rs 2,153.35 crore in cash. While DII-local institutional investors' net cash was bought at Rs 1,153.66 crore. The consolidated market capitalization of the total companies listed in the BSE-investor assets increased by Rs.1.83 lakh crore to Rs103.70 lakh crore in a single day.

On the global front, the US today announced an unprecedented quantitative easing-package by the US Federal Reserve in the case of the Corona crisis, with the US stock markets rising 1213 points in today's markets and 353 points in Nasdaq on Tuesday. In the evening markets in the European markets, London stock market Futsi 100 index improved by 260 points, Germany's Dex was up 630 points, France's cake 40 index was up 216 points. In the Asian markets, Japan's Nikkei index rose 1204 points, Hong Kong's Hangsang 967 points.