The market has
opened marginally lower on Thursday. The Sensex fell 75.74 points to 26477.18
and the Nifty declined 20.40 points or 0.25% at 8019.80.
Bharti
Airtel, Lupin, Vedanta, ONGC, Sun Pharma and UltraTech Cement declined nearly a
percent. NTPC, GAIL, Infosys, Hindalco, BHEL, Tata Power and Asian Paints were
early gainers.
Gold held near a one-month low on Thursday and looked
likely to drop below the $1,100-an-ounce
level .
Bullion
extended its losing streak to a sixth session on Wednesday, after Yellen
pointed to a possible December interest rate lift-off.
India's
prime minister will on Thursday launch a programme to lure tonnes of gold from
households into the banking system, but low returns and concerns over tax
authorities hounding depositors may hinder a scheme aimed at cutting imports.
Bank Of
Baroda cuts interest rates on some term deposits by up to 60 bps.
LOCAL MARKETS
PREVIOUS CLOSE
* BSE index
26,552.92 (down 0.14 pct)
* NSE index
8,040.20 (down 0.12 pct)
* Rupee
65.48/65.49 per dlr (65.6450/65.6550)
* 10-year bond
yield 7.65 pct (7.65 pct)
* 5-year OIS rate
6.80 pct (6.78 pct)
* 1-year OIS rate
7.05 pct (7.05 pct)
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Gold exchange-traded funds (ETFs) continued to lose steam with investors pulling out nearly Rs 150 crore from the instrument in the April-June quarter, favouring equities.
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