Market closes hybrid, Gold loses - Crude gains

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Market closes hybrid, Gold loses - Crude gains
Aditi Jain - 13 July 2018

The market is uncertain but sometimes fortune turns in seconds. The same happened today as the markets closed for the week. While the whole week was positive till this morning, the trading session closed negative for both the benchmark indices. The Sensex went down by 6.78 points or 0.02 per cent to stand at 36,541.63 and the Nifty lost 4.30 points or 0.04 per cent to close at 11,018.90.

At the BSE, Adani Enterprises, Fortis Healthcare and Mphasis were the show stealers in the market while PVR, NCC and Gujarat Narmada Valley Fertilizers and Chemicals were the major losers.

The NSE saw Titan, BPCL and Bajaj Finance as the ruling ones in the trading session whereas Zee Entertainment, Bharti Infratel and Axis Bank were the top losers.

The Indian Rupee shed Rs 0.0500 or 0.07 per cent to the US Dollar to settle at Rs 68.52 on the week’s closing.

Asian markets ended mixed today as Nikkei (1.85 per cent), Hang Seng (0.16 per cent), DAX (0.35 per cent), CAC 40 (0.39 per cent) and FTSE 100 (0.45 per cent) were on the gaining side while the Shanghai Composite (0.23 per cent) was the only one losing, at the time of filing the report.

The S&P BSE MidCap Index saw a decline of 120.27 points or 0.77 per cent and stood at 15,431.47 and the SmallCap Indiex shed 223.76 points or 1.36 per cent to close at 16,196.33.

In the commodities sector, gold prices went down by Rs 106 or 0.35 per cent and stood at Rs 30,041 per 10 grams whereas Brent crude prices rose by Rs 33 or 0.69 per cent to settle at Rs 4,813 per bbl, at the market closing.

Axis Bank and State Bank of India were on the losing terms, shedding 13.35 points or 2.48 per cent and 5.15 or 1.96 per cent, respectively whereas HDFC Bank gained 15.50 points or 0.72 per cent, at the end of the day’s trading session.

Bland Demand Causes Gold To Lose Sheen
India’s 2018 gold demand dipped 1%; 2019 expected between 750-850 tonnes: World Gold Council

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