Closing Market News Updates On Stock & Commodity Market

Stock Market Closing News:

After a blockbuster ride, the market ended on a strong note, marking second highest closing level ever. The Sensex ended above 26,000 for second time, up 310.63 points or 1.21 percent at 26025.80 and the Nifty was up 83.65 points or 1.09 perent at 7767.85. About 1466 shares advanced, 1497 shares declined, and 114 shares were unchanged. Bharti Airtel soared 5 percent, while Reliance, HDFC, TCS and Hindalco were top gainers in the Sensex. L&T, Maruti, BHEL and Axis Bank were major losers.
Commodity Market Closing News:

Curbs on gold import are likely to remain in place with Finance Minister Arun Jaitley today saying the government is inclined to continue with this measure along with other steps taken by the previous UPA regime for controlling the widening CAD as they have worked. "Each step is being continued...efforts are being made to continue each of these steps," Jaitley said while referring to measures taken by the UPA government last year to contain Current Account Deficit (CAD) that touched a record high of 4.7 of GDP or USD 88.2 billion in 2012-13.
Crude oil in the US saw a stellar performance particularly for the expiring August month contract which stepped up nearly 1.4% yesterday to $104.60 per barrel mark. 

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