Markets close higher after volatile trading1 min read . Updated: 02 Jul 2019, 03:44 PM IST Staff Writer
- Investors are in a wait-and-see stance ahead of the budget on July 5
Sensex today gained 129.98 points to settle at 39,816.48 while Nifty was up 44.70 points at 11,910.30.
Economic growth high on govt's agenda: FM
Finance Minister Nirmala Sitharaman Tuesday said economic growth is high on the agenda of the Narendra Modi 2.0 government and various steps are being taken to accelerate the GDP.
Icra shares tumble over 6%
Shares of rating agency Icra tumbled over 6% on Tuesday after the company decided to send its managing director and chief executive Naresh Takkar on forced leave.
Trading remained thin as heavy rains lashed Mumbai, India's financial capital, for a second straight day, disrupting road, rail and air traffic. The authorities declared a public holiday in the city.
Rupee depreciates 9 paise
On the currency front, the Indian rupee depreciated 9 paise to 69.03 against the US dollar.
Auto stocks down
Major auto stocks too tumbled after reporting poor sales. Tata Motors, Hero MotorCorp, Bajaj Auto and Eicher Motors were all in the red.
Top gainers in the Sensex pack in early trade included ONGC, IndusInd Bank, NTPC, RIL, L&T, HDFC, Bharit Airtel, Maruti and SBI, rising up to 1.15 per cent.
Oil slips as gloomy economic data takes shine off OPEC deal
Oil edged lower as investors weighed troubling economic data from around the world against the OPEC’s pact to extend output curbs.