BSE Sensex, NSE Nifty, Indian rupee, Gold on June 25, 2014
Wed Jun 25 2014, 18:59 hrs
Retreating from one-week highs, the benchmark Sensex today closed about 55 points down at 25,313.74 on weak global cues due to deepening Iraq crisis and caution ahead of the expiry of June derivative contracts. Persisting concern over below-average monsoon and the likely effect on food-grain prices also kept investors in a jittery mood, said equity dealers. Shares from refinery, capital goods, banking and FMCG segments were in demand while from auto, pharma, realty and consumer durables attracted profit-booking. Read Full Story
The Indian rupee today reversed early losses and ended one paisa higher at 60.12 against the US dollar as sales of the American currency by exporters, including IT firms, helped the local unit bounce back from one-week lows.
At the Interbank Foreign Exchange (Forex) market, the local currency resumed lower at 60.23 a dollar from previous close of 60.13. It then declined further to one-week lows of 60.3850 on initial dollar demand from importers, mainly oil refiners.
The benchmark Sensex today closed 55.16 points lower at 25,313.74 on caution ahead of monthly derivatives expiry and volatile global oil prices due to continued violence in crude producer Iraq. After opening in positive zone, the BSE Sensex slipped on selling in heavy-weight stocks, to close lower by 55.16 points, or 0.22 per cent, at 25,313.74. Intra-day, it moved between 25,427.80 and 25,274.39.
Gold prices fell back after a brief overnight rally due to slackened demand from jewellery stockists as well as modest profit-taking by investors spooked by sluggish overseas sentiment.
Silver, too dropped sharply owing to heavy speculative unwinding coupled with lack of industrial buying support.
Standard gold (99.5 purity) slumped by Rs 195 to finish at Rs 28,155 per 10 grams from Tuesday's closing level of Rs 28,350.
A total of 17 mm rainfall was recorded in Amritsar in Punjab which was lashed by heavy rains in the last 24 hours. The city, however, recorded a maximum temperature of 38.1 degrees Celsius, the Met department said.