Sensex snaps 6-day rally ahead of RBI's policy

Mumbai: The Sensex and Nifty snapped their six-session rally to close marginally lower on Thursday as investors booked profit in banking, finance and energy counters ahead of the RBI’s policy decision. In choppy trade, the Sensex ended 51.73 points lower at 58,298.80. The Nifty dipped 6.15 points to 17,382. PTI

Mumbai

Rupee skids 25 paise to 79.40 against US dollar

The rupee depreciated by 25 paise to close at 79.40 against the US dollar on Thursday, posting its second day of losses amid disappointing macroeconomic data and US-China tensions. Participants also stayed on the sidelines ahead of the RBI’s interest rate decision on Friday, forex traders said. pti

New Delhi

Adani to buy Macquarie’s toll roads in AP, Gujarat

Adani Group on Thursday said it will acquire Macquarie Asia Infrastructure Fund’s toll road portfolio in Andhra Pradesh and Gujarat for Rs 3,110 crore. The portfolio has a long concession life with established traffic in strategically located and important traffic corridors in western and southern India. pti

New Delhi

GAIL Q1 profit rises 51% on margin boost

GAIL (India) Ltd on Thursday reported a 51% jump in its June quarter net profit on the back of bumper margins from gas marketing. It posted a consolidated net profit of Rs 3,250.95 crore. Turnover more than doubled to Rs 38,033.30 crore in the April-June quarter, from Rs 17,702.43 crore a year ago, the filing showed.