The BSE benchmark, Sensex, snapped a three-week rally by slipping 263 points in the week as cautious investors booked profits following hardening of interest rates and increasing volatility in global
Gold prices declined by Rs 80 or 0. 40 per cent to Rs 18 540 per ten gram in futures trade today as speculators preferred to book
The Bombay Stock Exchange benchmark Sensex today tumbled by 189 points with investors booking profit a day after market witnessed a 561-point rally.
Blaming a rush of investor-buyers for pushing gold price to over Rs 17,000 level, market experts see the yellow metal getting cheaper by about Rs 500 per ten gram by next week on profit-booking.
BSE Sensex, which opened nearly 7 points up at 17,229.72 this morning, ended the session at 17,009.17 with a decline of 213.84 points, or 1.24 per cent.
Indices might slip southward this week after a minor short-covering rally.
Markets fell for the second day this week.Sensex dipped 324.12 points.
BSE Sensex recaptured 12,000 levels to close at a seven-month high of 12,158.03.
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