| Gold jumps Rs 96, silver prices climb Rs 238
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| Gold prices jumped Rs 96 to Rs 40,780 per 10 gram in the national capital on Friday due to rupee depreciation, according to HDFC Securities. In the previous trade, the yellow metal had closed at Rs 40,684 per 10 gram. Silver prices also climbed Rs 238 to Rs 47,277 per kg from previous close of Rs 47,039 per kg. "Spot gold for 24 karat in Delhi was trading higher by Rs 96 with rupee depreciation. The spot rupee was trading around 3 paise weaker against the dollar during the day," HDFC Securities Senior Analyst (Commodities) Tapan Patel said. In early trade on Friday, the rupee declined by 5 paise to 71.31 against the US dollar as spread of a deadly new virus from China kept investors edgy. In the international market, gold and silver were trading flat at USD 1,558 per ounce and USD 17.80 per ounce, respectively.
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| Sebi asks individual to disgorge Rs 4.9 cr for flouting takeover norms in Orient Tradelink case
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| Markets regulator Sebi has asked an individual to disgorge Rs 4.9 crore latest by January 31 for failing to comply with takeover regulations in the matter of Orient Tradelink. The amount has to be paid along with a 10 per cent interest from August 1, 2019 till the date of actual payment. Sebi in March 2008 issued a show cause notice against Aushim Khetarpal for allegedly indulging in market manipulation and creation of artificial volume in the scrip of Orient Tradelink Ltd. Besides, he had failed to comply with the mandatory requirement of making a public announcement in accordance with the Takeover Regulations. Later, Sebi asked Khetarpal to make an open offer for the acquisition of shares in the matter of Orient Tradelink. The open offer made by the acquirer had opened on July 5, 2019 and closed on July 18, 2019 for acquisition of over 1 crore equity shares representing 20 per cent of the total voting share capital of the firm. "As per information received by Sebi from the BSE, ...
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| Shares extend gains
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| The market extended gains hit fresh intraday high in mid-afternoon trade. At 14:27 IST, the S&P BSE Sensex, gained 302.70 points or 0.73% at 41,689.10. The Nifty 50 index was up 82.75 points or 0.68% at 12,263.10.
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| Telecom shares slide
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| Telecom stocks were trading with losses, with the S&P BSE Telecom index falling 12.93 points or 1.05% at 1216.64 at 13:48 IST.
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| Information Technology shares fall
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| Information Technology stocks were trading in the negative zone, with the S&P BSE IT Sector index falling 55.39 points or 0.34% at 16175.27 at 13:48 IST.
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