LAKSH Career Academy

LAKSH Career Academy
Author: Hiren Dave

Saturday 1 November 2014

1 NOVEMBER 2014: Stock skyrocket n Bullion falls

Ø  Prime Minister Narendra Modi flagged off the ‘Run for Unity’ from Rajpath to commemorate independent India's first Home Minister and his hero Sardar Vallabhbhai Patel’s 139{+t}{+h}birth anniversary. The event, which saw the participation of a large number of people including school children, was celebrated as Rashtriya Ekta Diwas or national unity day. The PM was joined by Cabinet Ministers and several prominent sports personalities including cricketer Gautam Gambhir and boxer Sushil Kumar.
Ø  Gold suffered its biggest fall in over 15 months and closed below the key Rs.26,000-per 10 grams mark at the domestic bullion market on the back of massive selling from speculative traders and stockists. Silver too plunged sharply to hit a four-year low due to panic unwinding by investors coupled with sluggish industrial demand.


Ø  Stock indices shot up to close at historical high by nearly two per cent following the surprise announcement of Bank of Japan’s stimulus programme, which is likely to result in more fund flow to emerging markets. The Bombay Stock Exchange (BSE) 30-share Sensitive Index (Sensex) surged by 519.50 points or 1.90 per cent to close at 27865.83. 

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