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Live Markets Commentary
Sify Editors @ 15:45 PM
Sensex, Nifty end day in the red; post weekly gains
BSE and the NSE remained in the red for the major part of the day thanks to negative global cues as well as subdued interest owing to implementation of GST.
Asian markets were mixed, and in the domestic market there has been a cautionary note owing to the GST implementation on July 1.
The subdued interest resulted in heavy selling in sectors such as capital goods, oil and gas, banking and automobile stocks.
The Nifty ended lower for a fourth straight session on Friday, its longest losing streak since mid-April, as investors booked profits in financials such as State Bank of India and Kotak Mahindra Bank Ltd.
The index closed down 0.57 percent at 9,574.95, its lowest close since May 25. It fell 0.14 percent for the week.
The benchmark BSE Sensex was 0.49 percent lower at 31,138.21 but posted a 0.26 percent gain for the week.
The fall came after Malaysia's Integrated Healthcare Holdings said it is not engaged in any negotiations in India currently, according to a regulatory filing to Singapore, Malaysian stock exchanges on Thursday.
The media had earlier reported that Integrated Healthcare was eyeing a controlling stake in Fortis Healthcare, SRL Diagnostics in a deal which valued the two companies at nearly $2.9 bln
Fortis Healthcare's stock had gained 22.8% in last one year, before today's steep fall.
Sify Editors @ 9:30 AM
|Cities||Gold (10g)||Silver (1Kg)|
|Chennai||Rs. 41600.00||Rs. 29657.75|
|Mumbai||Rs. 41600.00||Rs. 30331.55|
|Delhi||Rs. 41600.00||Rs. 29893.05|
|Kolkata||Rs. 41600.00||Rs. 30106.95|
|Kerala||Rs. 41600.00||Rs. 29090.91|