Leads the business and technology team at Zeenews.com. His expertise lies in commodities, agriculture, markets, personal finance and socio-political economy of India.
The 30-share BSE Sensex advanced 235.06 points or 0.7 percent to 33,836.74, surpassing its previous closing high of 33,685.56 points recorded on November 3
Trade deficit widened to USD 13.82 billion in the month under review from USD 13.39 billion in November 2016.
In the national capital, gold of 99.9 percent and 99.5 percent purity tumbled by Rs 180 each to Rs 29,400 and Rs 29,250 per 10 grams, the lowest since August 5.
The higher inflation rate is unlikely to push the Reserve Bank of India (RBI) to change its key rate any time soon.
The broader Nifty too settled below the key 10,300-level, down 82.10 points, or 0.80 percent, at 10,240.15.
Gross domestic product grew 6.3 percent in July-September, its fastest pace in three quarters, the data showed.
The broader NSE Nifty, after cracking below the key 10,300-mark, touched a low of 10,211.25, before finally ending 134.75 points, or 1.30 percent, down at 10,226.55.
The district administration of Shahjahanpur, UP, has slapped a fine on Nestle India and its distributors after its popular noodles brand Maggi allegedly failed to pass the lab test, even as the FMCG major maintained that "it's a case of application of incorrect standards".
Prime Minister also said that his government has taken several steps to improve business environment.
The move is going to benefit about 50 lakh central government employees across the country.
The NSE index Nifty was trading up by 71.50 points, or 0.70 percent, at 10,238.95 after making its new high of 10,242.45 in intra-day trade early.
Trade deficit narrowed to 7-month low of USD 8.98 billion in the month under review from USD 9.07 billion in September 2016.
The 30-share barometer settled higher by 250.47 points, or 0.78 percent, to 32,393.26 after moving in range of 32,508.59 and 32,247.74.
The previous high in IIP growth was recorded at 5.7 percent in November 2016.
Headed by RBI Governor Urjit Patel, Monetary Policy Committee (MPC) today left the repo rate - the rate at which the central bank infuses liquidity in the banking system (or lends to banks) - unchanged at 6 percent.
According to the new structure, for up to 1-year deposits, SBI will offer a rate of 6.50 percent as compared to 6.75 percent earlier.
In its last policy review in August, the RBI reduced the repo rate by 0.25 percent to 6 percent, citing reduction in inflation risks.
Here are the reasons why Sensex and Nifty extended losses for a sixth straight session today.
Below are the reasons why Sensex and Nifty extended losses for the fifth straight session on Monday.
The trade deficit in the month widened to USD 11.64 billion from USD 7.7 billion during the same month a year ago.