Stock Market
Banks will keep their locations open till March 31 for the customary shutting
of the financial year
Banks across the country have announced that they will keep their branches open till March 31 in order to facilitate the customary shutting of the financial year. This is good news for customers who often have to face long queues and extended hours during this period.
While some banks have already extended their hours and made arrangements for extra staff, others are still working out the logistics. But all of them have one thing in common – the desire to provide better service to their customers during this hectic time.
So if you’re looking to get your banking done before the end of the financial year, make sure to check with your bank to see if they’re staying open late. And if they are, take advantage of it!
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Business
Silver climbs ₹1,000 while Gold’s price declines by 600. the most recent rates
According to Goodreturns, the prices of one gramme, eight grammes, ten grammes, and one hundred grammes of 24-carat gold have grown by 65, 520, 650, and 6,500 points, respectively, since Thursday.
According to data from Goodreturns, the price of 10 grammes of 22-carat gold in India increased on Friday, costing 54,800 instead of 54,200 on Thursday. The cost of one gramme, eight grammes, and 100 grammes of 22-carat gold has increased by 60, 480, and 6,000 accordingly, to 5,480, 43,840, and 5,48,000 today.
According to Goodreturns, the prices of one gramme, of 24-carat gold have grown by 65, 520, 650, and 6,500 points, respectively, since Thursday.
On Friday, the cost of 24 karat gold also increased. Priced at 5,978 for one gramme, 47,827 for eight grammes, and 59,780 for ten grammes of 24-carat gold, respectively. 100 grammes of 24-carat gold are worth 5,97,800.
According to Goodreturns, the prices of one gramme, eight grammes, ten grammes, and one hundred grammes of 24-carat gold have grown by 65, 520, 650, and 6,500 points, respectively, since Thursday.
In the meantime, silver costs rose on Friday in India as well. The price of a gramme of silver has increased from Thursday’s 71.60 to today’s 72.60. The cost of eight grammes of silver increased by eight dollars to $580.80. 10 grammes of silver are available for $726, and one kilogramme of silver will cost $72,600, up $1,000 from yesterday’s price, according to Goodreturns.
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Economic
The week’s trading ends with the Sensex down 400 points to 57,525 and the Nifty below 16,950.
The Sensex had started the week on a positive note, rising over 200 points in early trade on Monday.
The week’s trading saw the Sensex fall 400 points to 57,525 and the Nifty below 16,950. This was the index’s biggest single-day fall in nearly two months. The sell-off was led by heavy selling in banking and financial stocks.
The Sensex had started the week on a positive note, rising over 200 points in early trade on Monday. However, it failed to maintain the momentum and ended the day with modest gains. Tuesday’s session was a volatile one, with the Sensex swinging between gains and losses. It finally ended the day with marginal losses.
The Sensex had started the week on a positive note, rising over 200 points in early trade on Monday.
The sell-off gathered pace on Wednesday, with the Sensex tumbling over 400 points in early trade. It managed to pare some of the losses by the end of the day, but still ended over 300 points lower. Thursday saw more selling, with the Sensex falling below the 58,000-mark.
The market saw some respite on Friday, with the Sensex rising over 200 points in early trade. However, it failed to hold on to the gains and ended the day with modest losses.
Stock exchanges in Seoul, Tokyo, Shanghai, and Hong Kong all finished down on the Asian markets.
In the afternoon trading, European markets were also quoted in the red. On Thursday, American markets finished higher.
The rupee lost 25 paise to end the day at 82.45 versus the US dollar.
Benchmark Brent crude for all crude oil fell 1.73 percent to USD 74.60 a barrel.
Following a day of rest, Foreign Portfolio Investors sold shares of stock worth Rs. 995.01 crore on Thursday, according to exchange data.
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The Sensex and Nifty ended the day on a positive note on Thursday, with the former closing at 58,214, up 140 points, and the latter finishing in the green above 17,150. The markets had opened on a positive note in the morning, but had slipped into the red during the day. However, they recovered in the last hour of trade to close in the green.
The rally was led by auto, metal and bank stocks. Among the gainers on the Sensex were Bajaj Auto, Bharti Airtel, HDFC Bank, Hindustan Unilever and Reliance Industries.
The rally was led by auto, metal and bank stocks. Among the gainers on the Sensex were Bajaj Auto, Bharti Airtel, HDFC Bank, Hindustan Unilever and Reliance Industries.
On the Nifty, the top gainers were Bajaj Finance, Bajaj Auto, HDFC Bank, Hindustan Unilever and Axis Bank.
The markets are likely to remain volatile in the coming days as investors await the outcome of the meeting of the US Federal Reserve later today.
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