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Sensex rallies 638 pts, Nifty settles above 26,100 on foreign fund inflows, firm global trends

Mumbai, Dec 22 (PTI) Benchmark Sensex jumped by 638 points while the broader Nifty closed above 26,100 on Monday following heavy buying in IT, auto and metal shares amid foreign fund inflows and a rally in global markets on hopes of further rate cuts by the US Federal Reserve. Building on the previous session’s rally, the 30-share BSE Sensex jumped 638.12 points or 0.75 per cent to settle at 85,567.48. During the day, it surged 671.97 points or 0.79 per cent to 85,601.33. The 50-share NSE Nifty climbed 206 points or 0.79 per cent to close above the 26,100 mark

Gold jumps to record high of Rs 1.38 lakh/10g, silver hits new peak of Rs 2,14,500 per kg

New Delhi, Dec 22 (PTI) Gold prices rose to a fresh lifetime high of Rs 1,38,200 per 10 grams, gaining Rs 1,685, in the national capital on Monday following the precious metal scaling record highs in the global markets, according to the All India Sarafa Association. Silver prices also raced to hit an all-time high of Rs 2,14,500 per kilogramme (inclusive of all taxes) in the capital, up by Rs 10,400 per kg. “Bullish momentum extended in bullion, with gold and silver surging to another fresh record high on Monday,” Saumil Gandhi, Senior Analyst – Commodities at HDFC Securities, said.

Rupee falls 3 paise to close at 89.70 against US dollar

Mumbai, Dec 22 (PTI) The rupee pared initial gains and settled for the day in the negative territory, down 3 paise at 89.70 (provisional) against the US dollar on Monday, as the support from positive domestic equities was negated by a recovery in crude oil prices. Forex traders said the lack of progress in the US–India trade negotiations weighed on the sentiment, while a weak tone in the US dollar index supported the domestic unit at lower levels. At the interbank foreign exchange, the rupee opened at 89.53 against the US dollar, then touched an intra-day high of 89.45, registering

Justice Department restores Trump photo to public database of Epstein files

NEW YORK, Dec 22 (Reuters) – A photo of U.S. President Donald Trump that had been removed from the cache of Jeffrey Epstein files released by the Department of Justice was restored on Sunday after officials determined none of Epstein’s victims were in the image, the department said. The photo showing a desk with an open drawer containing a photo of Trump with various women was flagged by the Southern District of New York for review to protect potential victims. “After the review, it was determined there is no evidence that any Epstein victims are depicted in the photograph, and

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