Corporate bonds, Indian rupee, BSE Sensex, NSE Nifty, Gold price on July 04, 2014
Fri Jul 04 2014, 21:42 hrs
Trading in corporate bonds
The Indian rupee today ended a mere one paisa higher at 59.72 against the US dollar on alternate bouts of demand and supply, wrapping up its best weekly performance since the period ended May 16.
It gained 36 paise against the Greenback in the week ended today on hopes of a growth-oriented budget on July 10.
In the week ended May 16 when the BJP government stormed to power at the Centre after elections, the rupee had appreciated by a whopping 125 paise against the dollar.
The benchmark Sensex today jumped over 138 points to end at new closing peak of 25,962.06, led by oil & gas shares, on buying by overseas investors on hopes of continued economic reforms and a growth-oriented Budget.
The 30-share Sensex was supported by gains in Reliance Industries and HDFC Bank shares, traders said, adding that receding fears of the impact of a delayed monsoon on prices and strong global cues after upbeat US data and easing oil prices boosted market sentiments.
Final hour hectic buying in energy and banking counters helped the benchmark Nifty to rebound smartly from lows and close to a new record high at the National Stock Exchange (NSE) today.
On a day marked by high volatility, the 50-share index swung widely. A late buying in heavyweight Reliance Industries on expectation of gas price hike and also banking scrips lifted the index to a new peak.
Gold ended steady at Rs 28,400 per ten gram in the national capital today in the absence of worthwhile activity even as it edged higher overseas.
On the other hand, silver shot up on increased buying by stockists and industrial units.
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