August 25, 2015 9:07 PM

printer

Sensex recovers from yesterday's huge sell off, gains 291 points

Recovering very partially from yesterday's huge sell-off, the Sensex at the Bombay Stock Exchange climbed 291 points, to close at 26,032, after very volatile trade. The Nifty rose 72 points, to 7,881.But China's stock market plunged another 7.6 percent, prompting its central bank to cut interest rates and reserve requirements for banks. Japan's stock market fell 4 percent, but stocks in South Korea, Singapore and Hong Kong rose. Markets in the UK, Germany and France gained good ground. Back home, rupee strengthened 55 paise–its biggest single-day gain in over seven months–to 66.10 against the dollar.Snapping 14 straight days of gains, gold declined 215 rupees, to 27,360 rupees per ten grams at Delhi's bullion market, on poor demand from jewelers, and weak global cues. Gold had gained 2,595 rupees in the previous 14 days, in its longest winning streak this year. Silver dropped 800 rupees, to 35,500 rupees per kilo. Silver coins plunged 1,000 rupees, to 51,000 rupees for buying 100 pieces. Overseas, gold fell 0.6 per cent, to 1,148 dollars an ounce. Silver lost 0.2 per cent, to 14.75 dollars an ounce.

Most Read
View All arrow-right

No posts found.