Stock and Commodity: Gold price jumped Rs350 to Rs 60,600 per 10 gram in New Delhi on Friday amid a rally in precious metals prices overseas, as per market watch.
The precious metal had closed at Rs.60,250 per 10 gram in the previous trade. Silver also zoomed in preice with Rs.650 to Rs. 73,550 per kg. Spot gold prices in the Delhi markets traded at Rs 60,600/10 gram, up Rs 350 per 10 gram, analysts said, said. In the international markets, both gold and silver were trading higher at USD 1,976 per ounce and usd 23.84 per ounce, respectively.
Weakness in the U.S. dollar and expectation of a pause in the United states Fedwel Reserve policy tightening campaign boosted the precious metal's appeal.
Stocks: After two days of declines, the benchmark indices Sensex and Nifty closed higher on June 2, boosted by purchases of metal, telecom, and auto sectors amid a strong trend in international markets.
The optimism was increased by automakers reporting strong wholesales of passenger vehicles, driven by Maruti Suzuki India, Hyundai, and Mahindra & Mahindra. Also, GST receipts in May exceeded 1.50 lakh crore for the third consecutive month.
The 30-share BSE Sensex rose 118.57 points, or 0.19%, to close at 62,547.11 on Thursday. It increased by 291.3 points or 0.46% over the day to 62,719.84. The NSE Nifty gained 46.35 points or 0.25% to close at 18,534.10.
With a rise of around 2%, Tata Steel led the Sensex pack of companies, followed by Maruti, Mahindra & Mahindra, Sun Pharma, Larsen & Toubro, Titan, Bharti Airtel, Power Grid, ITC, State Bank of India, and Nestle.
The losers included companies like Infosys, Wipro, HCL Technologies, Tata Consultancy Services, IndusInd Bank, Tech Mahindra, Reliance Industries, and Bajaj Finance.
Crude Oil: Global oil benchmark Brent crude jumped 1.74% to USD 75.57 a barrel.
Meanwhile, Foreign Institutional Investors offloaded equities worth Rs, 71.07 crore on Thursday, as perexchange data. The Indian rupee appreciated by 9 paise to 82.31, provisionally, against the U.S. dollar on Friday.
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