Business | Nov 20, 2024 | 6 min read Volatile mkt trims early gains

#Mumbai
Benchmark Sensex rebounded 239 points while Nifty ended its seven-day losing streak on Tuesday following value-buying in banking, IT and auto shares amid mixed global trends.

Snapping its four days of decline, the 30-share Sensex climbed 239.37 points or 0.31 per cent to settle at 77,578.38. The index opened with gains and spurted further 1,112.64 points or 1.43 per cent to hit the day’s high of 78,451.65. However, fag-end decline in Reliance Industries restricted the market rally. The NSE Nifty also bounced back after seven straight sessions of losses. The broader 50-issue barometer gained 64.70 points or 0.28 per cent to settle at 23,518.50. The index jumped over 300 points to hit 23,780 level in the day.

Stock markets were on a decline in the past seven sessions with Nifty tanking 1,030 points or over 4.3 per cent due to FII selling, weaker-than-expected quarterly results and strengthening US bond yields. Sensex plunged more than 3,000 points to 77,300 levels during the period.
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Leading stock exchanges BSE and NSE have declared a trading holiday on November 20 for assembly elections in Maharashtra. 

Gold jumps Rs 600; silver climbs Rs 1,500
#New Delhi
Gold prices jumped Rs 600 to Rs 78,050 per 10 grams in the national capital on Tuesday amid strong trend in overseas market, according to All India Sarafa Association. Silver bounced Rs 1,500 to Rs 93,500 per kg against previous close of Rs 92,000 per kg on Monday.