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The Indian share market continued to see profit booking after three-day of gains. The Sensex dropped 59.24 points to 28404.07 and the Nifty declined 27.15 points to 8582.70. However, the broader markets outperformed benchmarks, rising 0.3 percent. The stock market breadth remained positive as about 1292 shares have advanced against 897 shares declined on the Bombay Stock Exchange.
Gold prices fell below Rs 25,000 per 10 grams today by tumbling Rs 524 in futures trade after the precious metal sank to over five-year lows in global market. At the MCX, the gold contract for delivery in August crashed by Rs 524, or 2.06 percent, to Rs 24,974 per 10 grams in a business volume of 597 lots at the Multi Commodity Exchange.
The Indian rupee has opened with a marginal loss of 8 paise at 63.55 per dollar today against Friday's closing value of 63.47 a dollar. Infosys, HDFC, ITC, Axis Bank, Tata Motors, SBI, BHEL and ICICI Bank dropped 0.2-1 percent. Infosys, HDFC, ITC, Axis Bank, Tata Motors, SBI, BHEL and ICICI Bank dropped 0.2-1 percent. Asian markets are moving broadly higher, though Japan and Indonesia are closed for public holidays.
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The Indian share market continued to see profit booking after three-day of gains. The Sensex dropped 59.24 points to 28404.07 and the Nifty declined 27.15 points to 8582.70. However, the broader markets outperformed benchmarks, rising 0.3 percent. The stock market breadth remained positive as about 1292 shares have advanced against 897 shares declined on the Bombay Stock Exchange.
Gold prices fell below Rs 25,000 per 10 grams today by tumbling Rs 524 in futures trade after the precious metal sank to over five-year lows in global market. At the MCX, the gold contract for delivery in August crashed by Rs 524, or 2.06 percent, to Rs 24,974 per 10 grams in a business volume of 597 lots at the Multi Commodity Exchange.
The Indian rupee has opened with a marginal loss of 8 paise at 63.55 per dollar today against Friday's closing value of 63.47 a dollar. Infosys, HDFC, ITC, Axis Bank, Tata Motors, SBI, BHEL and ICICI Bank dropped 0.2-1 percent. Infosys, HDFC, ITC, Axis Bank, Tata Motors, SBI, BHEL and ICICI Bank dropped 0.2-1 percent. Asian markets are moving broadly higher, though Japan and Indonesia are closed for public holidays.
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