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Sunday
January 2020
9:47 AM IST
News Headlines
No right to live in India if you can't accept Vande Mataram: Pratap Sarangi        Impossible to provide proof of religious persecution under CAA: Assam Min Himanta Biswa        Real problem in country is unemployment, not population: Owaisi        Shabana Azmi injured in accident on Mumbai-Pune Expressway        Dhawan hit on rib-cage, won't take field during Australia innings: BCCI        Australian all-rounder Mitchell Marsh eyes return to national side        India, Iran should work to expedite Chabahar Port development, connectivity to Afghanistan: Zarif        Forex reserves rise by USD 58 mn to record high of USD 461.21 bn        Putin's, Xi's ruler-for-life moves pose challenges to West        Ukraine PM offers to resign after leaked recording        Top Iran leader: Trump is a 'clown' who will betray Iranians        Don't do politics over Nirbhaya case: Kejriwal to BJP        Will probe Digvijaya's phone-tapping claims: Maha minister        Owaisi hits out at Bipin Rawat on "de-radicalisation" comments        Owaisi hits out at Bipin Rawat on "de-radicalisation" comments        Nirbhaya case: Delhi court issues fresh death warrants against 4 convicts for Feb 1, 6 am        Mithali demoted to Grade B in BCCI central contracts        Ponkratov heads Chennai Open chess tournament field        India, US in advance-stage talks to resolve trade issues: Goyal        Gadkari urges states to come forward in the drive for curbing accidents        
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Business News
Investor wealth plummets over Rs 4 lakh cr in 3 days of market fall
 
New Delhi, Jul 22 (PTI) Investor wealth plunged over Rs 4 lakh crore in three days of market fall amid weak global trends and muted domestic sentiments.

Stock markets extended their losses for a third straight day with cumulative losses of 3.05 per cent or 1,184.15 points since July 18.

The 30-share index on Monday cracked 305.88 points or 0.80 per cent to settle at 38,031.13, a level not seen since May 17.

Led by losses in the equity market, the market capitalisation of the BSE-listed companies eroded by Rs 4,37,602.4 crore to Rs 1,44,76,204.02 crore in three days.

"Indian markets continued their losing streak on Monday led by muted domestic sentiments and unsupportive global cues. With lack of any fresh positive domestic triggers and uncertain global cues, we maintain our cautious stance on the Indian equity markets. We expect stock specific volatility to remain high in the coming sessions, as the markets are likely to be driven by the on-going earnings season," said Ajit Mishra, vice-president (research), Religare Broking Ltd.

From the 30-share pack, HDFC twins were hit hard the most. HDFC plunged 5.09 per cent and HDFC Bank 3.32 per cent.

"Markets entered a bearish phase as investors turned sellers due to concerns over extension of economic slowdown and weak corporate earnings hurting the sentiment.

"This correction has expanded to large-caps which until now were attracting FII (foreign institutional investor) inflows, but concerns over tax and muted Q1 (first quarter) results will continue to impact," said Vinod Nair, head of research, Geojit Financial Services Ltd.

Among BSE sectoral indices, finance, fast-moving consumer goods, bankex and realty indices on Monday cracked up to 2.28 per cent.

In the broader market, the BSE mid-cap and small-cap indices settled up to 1.15 per cent lower.

At the BSE, 1,757 scrips declined, while 768 advanced and 155 remained unchanged.

Over 600 scrips hit their 52-week low levels on the BSE.


India, Iran should work to expedite Chabahar Port development, connectivity to Afghanistan: Zarif
Forex reserves rise by USD 58 mn to record high of USD 461.21 bn
India, US in advance-stage talks to resolve trade issues: Goyal
Gadkari urges states to come forward in the drive for curbing accidents
IndusInd Bank down 5.44 pc to Rs 1400.60
Rupee up by 7 paise against USD
CCI directs probe against Amazon, Flipkart
Panic stricken depositors mill around bank after RBI caps withdrawal limit
US removes currency manipulator label on China ahead of inking of trade deal
Flipkart opens two warehouses in Haryana, to create over 5,000 local jobs
Rupee cuts short 5-day gaining streak; edges down 1 paise to 70.87 against dollar
Rupee extends gains by 8 paise to 70.86 against US dollar
Centre to set up panel to examine issues on royalty rates for major minerals
Tata Motors global sales dip 3 pc dip to 97,348 units in Dec
Huawei exec can be extradited to US, Canada attorney general says
Sebi brings new system audit norms for exchanges, clearing corporations
Oil PSU unions oppose BPCL disinvestment
''Rumours'' of Air India''s shutdown baseless: CMD
Smartphone sales buck slowdown on strong urban, rural demand
Sensex jumps over 11 pts; Nifty above 12,250
KERALA NEWS
Kerala govt will continue fight against CAA: Minister
 Thiruvananthapuram: A day after it moved the Supreme Court against the controversial Citizenship Ame  
Sabarimala all set for Makaravilakku; Heavy security at Ayyappa shrine
Nigerian arrested for duping Keralite couple
Police book BJP workers for raising provocative slogans
INTERNATIONAL NEWS
Putin's, Xi's ruler-for-life moves pose challenges to West
 Moscow: Russia's Vladimir Putin and China's Xi Jinping have established themselves as the world's mo
Ukraine PM offers to resign after leaked recording
Top Iran leader: Trump is a 'clown' who will betray Iranians
Musharraf approaches Pak SC to suspend death sentence ruling by special court in high treason case
NATIONAL NEWS
No right to live in India if you can't accept Vande Mataram: Pratap Sarangi
 Surat (Gujarat) [India], Jan 19 (ANI): Accusing Congress of spreading misinformation about the Citiz
Impossible to provide proof of religious persecution under CAA: Assam Min Himanta Biswa
Real problem in country is unemployment, not population: Owaisi
Don't do politics over Nirbhaya case: Kejriwal to BJP
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