Sensex jumps 1028 points to 29468 on short cover of foreign funds and continued buying of local funds
- Gold prices fall by Rs 700 per 10 grams: Oil-gas, FMCG stocks tumble: investor wealth rises by Rs.3.84 lakh crore to Rs113.48 lakh crore
Mumbai, Mar 31, 2020, Tuesday
Despite clear signs of global economic degradation following the ongoing crisis in the Sensex Corona epidemic, efforts to curb oil prices by negotiating with Crude OilResia led to rising crude prices and a move by the Central Government-Reserve Bank of India to launch a new wave of fire. FMCG, Banking-Finance The Sensex jumped 4.1 points and the Nifty spot jumped 4.1 points to close the quarter, with the local funds continuing to take short cover with the arrow. The US dollar against the rupee today rose five paise to Rs. Crude oil international prices rebounded from a low of 5 years today to a nine-month high of $ 5. After the global market, gold prices in Mumbai fell by Rs 5 per gram.
Short-term gains were seen in FMCG, IT-software services, pharmaceuticals, consumer durables, metal-mining, automobile stocks. The US dollar against the rupee today rose five paise to close at Rs. The Sensex rose sharply by 5 points to close at 6.1 and Nifty spot at 6.6 points, with automobiles, power-capital goods, consumer durables, IT-software services, metal-mining, oil-gas stocks rising. Foreign portfolio investors - FPIs and FIIs - today sold more than Rs 1.5 crore in cash. Of course, ForeignFunds today made a net purchase of Rs 5 crore in futures today. In which, the stock futures were bought at Rs 1 crore and index futures net at Rs 5 crore. While DII-local institutional investors' net cash purchase of Rs 1.5 crore shares was made. In addition, the assets of the investors in the stock, ie the consolidated market capitalization of listed companies in BSE, rose to Rs 1.8 lakh crore in a day from Rs 1.8 lakh crore.
Gold and silver were falling behind the world market today. In the Mumbai market, the price of 5 grams of gold without GST fell by Rs. While the price of 5.6 fell by Rs 5, it closed at Rs. In the Mumbai market today, silver prices closed at Rs. With GST in gold, prices were up three per cent higher. In the world market today, gold prices were down from $ 5 per ounce to $ 5 in the evening. Silver fell to $ 1 an ounce.
As the world of Corona epidemic shook, conditions were deteriorating on a daily basis, including in the US, Spain, Italy, while international oil prices fell below the 1-dollar mark in the global markets yesterday. General Chat Chat Lounge Netmex crude, which was up $ 5 from the previous close of $ 5 a barrel, and Brent crude, for $ 6.5 per barrel, remained close to $ 8 per ton.
European markets saw narrow volatility, with mixed trends in stock markets from Asia-Pacific countries. Japan's Nikkei 5 Index fell 5 points to 5.9, Hong Kong's Hanging Index rose 5 points to 5.7, while China's CSI index was up 9 points to 1.8. In the European markets in the evening, the current markets showed a revival of the London stock market's Footsie 1 index, a point improvement of Germany's Dex 1 point and France's Cake-1 index of 8 points. After the US stock markets opened softly today, there was a slight increase, showing a 5 point improvement in the Dow Jones and a 5 point improvement in the Nasdaq index.
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