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Sensex, Nifty close unchanged after 2-day rally; auto, oil shares shine

Mumbai, Sep 5 (PTI) Benchmark stock indices Sensex and Nifty closed unchanged after a volatile session on Friday as gains in oil & gas and auto shares were offset by losses in IT and FMCG shares. After a volatile trade, the 30-share BSE Sensex closed lower by 7.25 points or 0.01 per cent at 80,710.76 with 14 of its components ending with gains and 16 with losses. In a see-saw trade, the barometer opened higher but slipped into the red in late morning deals. It hit a low of 80,321.19 in the afternoon session before paring losses in the pre-close

Rupee hits fresh low, closes 15 paise down at 88.27 against US dollar

Mumbai, Sep 5 (PTI) The rupee declined 15 paise to close at an all-time low of Rs 88.27 (provisional) against the US dollar on Friday amid sustained outflow of foreign funds and fear of additional US tariffs against India. A weak greenback and falling crude oil prices failed to prevent the fall in local unit, forex traders said. At the interbank foreign exchange, the rupee opened at 88.11 against the US dollar and touched the lowest-ever intra-day level of 88.38 before ending the session at a fresh all-time low closing mark of 88.27 (provisional), down 15 paise from its previous

Gold jumps Rs 900 near record high on rupee weakness, Fed rate cut hopes

New Delhi, Sep 5 (PTI) Gold prices jumped by Rs 900 to Rs 1,06,970 per 10 grams in the national capital on Friday, inching closer to record high levels on fresh buying by stockists and firm global trends. Traders said the rally was growing amid conviction that the Federal Reserve may opt for an interest rate cut at its upcoming policy meeting on September 16-17. According to the All India Sarafa Association, gold of 99.5 per cent purity also advanced by Rs 900 to Rs 1,06,100 per 10 grams (inclusive of all taxes) on Friday, from the previous close of

What actually happens in your brain when you change your mind?

Melbourne, Sep 5 (The Conversation) Imagine a game show where the host asks the contestant to randomly pick one option out of three: A, B or C. After the contestant chooses, say, option B, the host reveals one of the remaining choices (say C) does not contain the prize. In the final step, the contestant is asked whether they want to change their mind and select the remaining option A or stick with their original choice, B. Dubbed the Monty Hall problem after an American game show host, this famous puzzle has entertained mathematicians for decades. But it can also

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