The Indices in India closed on a higher note in trade today. The Sensex 30 closed at 16859.80 or 153.97 points higher (0.92%). It touched an intraday high of 16890 and a low of 16681.89 points in trade today. The Nifty 50 closed 39.60 points higher at 5103.85 (0.78%). It touched an intraday high of 5113.60 and a low of 5048.10 points today. The higher close was due to buying in the oil and gas , banks and FMCG sector.
The G20 Meet at Los Cabos in Mexico saw nations contribute further to the USD 430 b financial firewall, with India contributing about USD 10 b. China is expected to contribute around USD 43 b to the fund as well, bringing the total contributing economies to 37.
On the news on global cues, Europe has opened a percent higher on stimulus measures to be taken by central banks. Asia had closed marginally lower in trade today.
On the stock front, Ambuja Cements traded higher by 4 percent oh higher volumes at INR 173 a share. Oil marketing co’s, HPCL , IOC and BPCL gained in trade on expectations of a partial decontrolling in the prices of diesel and an increase in regulations of prices of fuels. ITC also was close to its all time high of INR 252.85 a share as it reached INR 250 in trade today.
On the currency front, the rupee touched INR 55.97/91 at close today on demand for dollars from oil firms and importers.
Commodities were mixed with WTI at USD 83.41 up 0.17% and Brent trading at USD 95.83 down -0.23%. On the weather front, damaging thunderstorms are expected from Nebraska to Minnesota and Wisconsin.
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(Bloomberg and Moneycontrol)
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