New Delhi. The Indian stock market started this week in a strong way after gaining a lot of gains last week and after gaining momentum in six sessions, suffered a slight decline in the seventh session, but is ready to return again in the eighth session today.
The Sensex once again crossed the 58 thousand mark by gaining a lot in the last six sessions and the wealth of investors also increased by more than Rs 12 lakh crore. In the last session, the market showed selling under the pressure of the global market, but today on Friday, there are positive signals from the global market. The market can end the week with a jump today.
Gold, silver became costlier beyond 58,500
On Thursday, gold prices rose by Rs 487 per 10 grams to close at Rs 52,566 per 10 grams. During the last trading session, gold had closed at Rs 52,079 per 10 grams in the Delhi bullion market. Silver prices in the Delhi bullion market closed at Rs 58,806 per kg after rising by Rs 426. During the last trading session, silver had closed at Rs 58,380 per kg in the Delhi bullion market.
Brent crude cheapest in four months
The price of Brent crude has once again come down below $100 in the global market. Earlier, Brent crude had reached below $100 after about three months. In the last 24 hours, the price of crude oil has fallen by $ 3.37 to $ 94 per barrel. This is the lowest level of crude oil since April. WTI has also declined by about three dollars to $ 88.45 per barrel.
Reserve will increase repo rate today
The MPC meeting of the Reserve Bank is going on and its decisions are to come today, in which the repo rate is expected to increase for the third time in a row. If there is a hike in the repo rate again, your home loan interest rate will go above 8 per cent. This will also increase the EMI of those running new and old loans.