BSE Sensex: Axis Bank, YES Bank, ICICI Bank among top gainers of the day Market at close The S&P BSE Sensex ended at 37,556, up 391 points while the broader Nifty50 index settled at 11,361, up 116 points. Emerging market flows rebound but second quarter inflow a tenth of first quarter: IIF Investors pumped $11.9 billion into emerging stocks and bonds in July, reversing some of June's hefty outflows, according to the Institute for International Finance (IIF). The IIF, one of the most authoritative trackers of capital flows to and from the developing world, also said portfolio inflows to developing countries totalled just $11 billion in the second quarter, a tenth of the $118 billion received in Q1. READ MORE Sebi in final stages of allowing futures trading in petrol and diesel Over 60,000 retail petrol pump and hundreds and thousands of small and big transporters, bulk users and diesel-consuming industries will soon be able to hedge the price risk in petrol and diesel, as Sebi is in final stages of allowing futures in these two commodities. READ MORE Petrol, Diesel futures This stock in Rakesh Jhunjhunwala's portfolio zooms 200% in one year Shares of VIP Industries have moved higher by 10% to Rs 538 per share, also their record high on the BSE, after the company reported a strong 55% year on year (yoy) jump in its consolidated net profit at Rs 634 million in June quarter (Q1FY19). The company, which is engaged in manufacturing and marketing of luggage and bags, had a profit of Rs 410 million in the same quarter year ago. READ MORE Gold hits one-year low, headed for fourth weekly loss Gold prices fell to their lowest in over a year on Friday amid a resilient US dollar and were headed for a fourth straight weekly loss. Spot gold was down 0.1 per cent at $1,206.05 an ounce, after earlier dropping to the lowest since July 2017 at $1,204.91. For the week, the precious metal was down about 1.4 per cent. US gold futures were 0.5 per cent lower at $1,214.10 an ounce on Friday. READ MORE Gold
The S&P BSE Sensex ended at 37,556, up 391 points while the broader Nifty50 index settled at 11,361, up 116 points.
Among sectoral indices, the Nifty Bank index rose 1.24 per cent led by a rise in the shares of Axis Bank, YES Bank and Punjab National Bank. The Nifty Fin Service index, too, settled 1.54 per cent higher led by Indiabulls Housing Finance and Edelweiss Financial Services.
(With Reuters inputs)