The market has ended with sharp loses. The Sensex was down 353.83 points or 1.3 percent at 27512.26, and the Nifty slipped 108.55 points or 1.3 percent at 8353.80. About 711 shares have advanced, 2124 shares declined, and 160 shares were unchanged.
Infosys, Sun Pharma, TCS, Wipro and Lupin were top gainers while Vedanta, Hindalco, Coal India, SBI and Tata Motors. 03:15 pm Gold check: Gold prices soared by Rs 600, its biggest one-day surge this year, to trade at its highest level in more than three weeks at Rs 26,000 per ten grams today, tracking uptrend in the global bullion market and on a seasonal pick up in demand from jewellers and retailers.
The precious metal again topped USD 1,100 an ounce mark in the global market. The depreciation in rupee, which plunged to almost two-year low against the dollar, also supported the upside in the global prices as it would make imports costlier. In the forex market, rupee was trading 75 paise lower at 64.94 (intra-day) against the American currency. Silver also rose sharply by Rs 640 to Rs 35,700 per kg on increased offtake by industrial units and coin makers.
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