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Sensex slips 42 pts after two-day rally; IT, pharma shares fall on profit-taking

Mumbai, Dec 23 (PTI) Benchmark stock index BSE Sensex slipped by 42 points in a volatile trade on Tuesday following profit-taking in IT and pharma shares and mixed global cues. Snapping the two-day gaining streak, the 30-share BSE Sensex dipped 42.64 points or 0.05 per cent to settle at 85,524.84. The index moved in a range during the day, hitting a high of 85,704.93 and a low of 85,342.99. The 50-share NSE Nifty closed marginally up by 4.75 points or 0.02 per cent to 26,177.15. Metals, FMCG and energy shares witnessed buying interest, while IT and pharma saw selective pressure.

Gold scales new peak of Rs 1.4 lakh/10g in Delhi markets as global prices hit records

New Delhi, Dec 23 (PTI) Gold prices stayed in ascending order for the second straight day, climbing Rs 2,650 to a fresh peak of Rs 1,40,850 per 10 grams in the national capital on Tuesday, tracking robust trends in the global markets, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity closed at Rs 1,38,200 per 10 grams on Monday. So far this year, gold prices in the domestic market have jumped by Rs 61,900, or 78.40 per cent, from Rs 78,950 per 10 grams recorded on December 31, 2024. Silver also rallied for

US VP Vance links Christian identity to American jobs, H1B visas

New York/Washington, Dec 23 (PTI) Vice President JD Vance has asserted that a “true” Christian identity of the USA is not just about protecting the unborn and linked it to American jobs and H1B visas, saying it is wrong for companies to seek “cheaper” options in the third world. The remarks by Vance are the latest amid an intensifying crackdown by the Trump administration on immigration, both legal and illegal, as well as the H1B visas, used by corporations in the US to hire foreign talent. “A true Christian politics, it cannot just be about the protection of the unborn

RBI unveils measures to infuse $32 billion of liquidity into banking system

MUMBAI, Dec 23 (Reuters) – The RBI (Reserve Bank of India) will infuse about $32 billion worth of rupee liquidity into the banking system over the next month via open market bond purchases and a buy/sell dollar-rupee swap, it said on Tuesday. The RBI will purchase government bonds worth 2 trillion rupees ($22.34 billion) between December 29 and January 22 while also conducting a $10 billion 3-year dollar-rupee buy/sell swap on January 13. The measures are expected to both infuse rupee liquidity into the banking system while also pulling out excess dollar liquidity that had contributed to a surge in

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