India's Stock Market Soars, Rupee Gains, Gold Climbs - Business Highlights

New Delhi, Dec 15 (PTI) Following are the top business stories at 2100 hours:


DEL53 BIZ-LD STOCKS

Markets fire on all cylinders: Sensex breaches 71k-mark; Nifty surges to fresh record

Mumbai: Benchmark equity indices surged more than 1 per cent to hit their new all-time highs on Friday, with the Sensex breaching the 71,000 mark, as domestic macroeconomic data and easing concerns over the US economic growth bolstered market sentiment.


DEL52 BIZ LD TRADE

India's exports dip 2.83% to $33.9 bn in Nov; trade deficit narrows to $20.58 bn: Govt data

New Delhi: India's merchandise exports slipped by 2.83 per cent to USD 33.90 billion in November while the trade deficit narrowed to USD 20.58 billion, according to government data.


DEL83 BIZ-LD RUPEE

Rupee jumps 27 paise against US dollar amid stocks rally

Mumbai: The rupee jumped by 27 paise to close at 83.03 against the US dollar on Friday following unabated foreign fund inflows and a record-breaking rally in domestic stocks.



DEL78 BIZ-FCI-RICE

Rice inflation: FCI chief says PDS rice quality good; appeals traders to buy grain under OMSS

New Delhi: Expressing concern over rice inflation, FCI chief Ashok K Meena on Friday asserted that the PDS rice is of "extremely" good quality and urged traders to buy the grain under the Open Market Sale Scheme (OMSS) to boost domestic availability and contain price rise.


DEL75 BIZ-RBI-GOLD BOND

Sovereign Gold Bond issue price fixed at Rs 6,199/gm; subscription opens on Monday

Mumbai: The Reserve Bank of India (RBI) on Friday announced that the issue price for the next tranche of Sovereign Gold Bond has been fixed at Rs 6,199 per gram and will open for subscription on December 18 for five days.


DCM23 BIZ-NCLAT ZEE IDBI AXIS

NCLAT issues notice to Zee Entertainment, refuses to stay merger

New Delhi: The National Company Law Appellate Tribunal on Friday issued notices to Zee Entertainment Enterprise Ltd (ZEEL) over the petitions filed by IDBI Bank and AXIS Finance against an NCLT order that approved the media company's merger with Culver Max Entertainment.


DEL59 BIZ-STOCKS LD-WEALTH

Investors richer by Rs 8 lakh crore in 3 days; mcap of BSE firms jumps to record high of Rs 357.87 lakh crore
New Delhi: Equity investors became richer by Rs 8.11 lakh crore in three days of market rally that saw the benchmark Sensex breaching the 71,000-mark for the first time on Friday.



DEL57 BIZ-FOREX RESERVES

India'??s forex reserves jump USD 2.816 bn to USD 606.859 bn

Mumbai: India's forex reserves jumped USD 2.816 billion to USD 606.859 billion in the week ended December 8, the Reserve Bank of India (RBI) said on Friday.


DEL49 BIZ-GOLD-PRICE

Gold climbs Rs 150; silver rallies Rs 700

New Delhi: Gold climbed Rs 150 to Rs 63,100 per 10 grams in the national capital on Friday amid a rise in precious metal prices internationally, according to HDFC Securities.