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Thursday
October 2020
12:59 PM IST
News Headlines
Liverpool midfielder Thiago Alcantara contracts COVID-19        Delhi Capitals skipper Shreyas Iyer fined Rs 12 lakh for slow over-rate        Serena Williams pulls out of French Open with hurt Achilles        Markets mixed after Trump-Biden debate; data lifts China        Govt opening up economy for greater pvt sector participation: Goyal        Maldives thanks India for $250 million support amid COVID-19 pandemic        Pak opens all educational institutions, six months after closure due to COVID-19        Trump urges supporters to watch ballots very carefully        Waiting eagerly for CBI probe outcome in Sushant case:Minister        NHRC notice to UP govt, state police chief over gang rape of Dalit woman        Cong will celebrate Diwali with people after bypolls: Kamal Nath        India's COVID-19 caseload races past 62 lakh, recoveries surge to 51,87,825        All 32 accused in Babri demolition case acquitted; court clears Advani, Joshi of conspiracy charge        Amnesty International halts operations in India        COVID-19:All party meet in Kerala decides to adhere to health protocol strictly,rules out lockdown        Kerala reports 7354 new COVID-19 cases,22 deaths        Tensions mount as Armenia, Azerbaijan continue fighting        Kuwaiti ruler Sheikh Sabah has died at 91        IPL 2020: SRH beat DC by 15 runs runs, register 1st win of season        Djokovic drops only 5 games        
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Business News
Investor wealth plunges Rs 1.99 lakh cr as mkts plummet
 
New Delhi, May 14 (PTI) Investor wealth eroded by Rs 1,99,619.9 crore on Thursday due to the weakness in equity market, with the BSE Sensex plummeting 886 points.

The 30-share index settled 885.72 points or 2.77 per cent lower at 31,122.89 amid weak global cues and investors' tepid response towards the stimulus package.

Led by the weak sentiment, the market capitalisation of BSE-listed companies tumbled Rs 1,99,619.9 crore to Rs 1,22,68,099.91 crore.

"The rise in COVID-19 cases and lack of clarity over the impact of stimulus packages were weighing on the sentiment. Besides, weakness in the global markets further dented the sentiment," Ajit Mishra, VP - Research, Religare Broking Ltd said.

Global markets tanked following the World Health Organization's comments that the novel coronavirus "may never go away".

US Federal Reserve chief Jerome Powell has warned of a "highly uncertain" outlook for the world's top economy.

"The markets traded negative today on account of negative global cues and were circumspect regarding the implementation and the effectiveness of the stimulus package announced by the government," Geojit Financial Services Head of Research Vinod Nair said.

"The government has made it clear that the measures will be announced in tranches and not in one go. Investors are still looking for measures to boost the demand and not just inject liquidity, which so far has been the focus from the government," he added.

Among indices, the BSE IT, energy, tech, finance, metal, bankex, oil and gas, power and realty lost up to 3.60 per cent, while healthcare, FMCG and capital goods indices closed with modest gains.

On the BSE, 1,360 companies declined, while 968 advanced and 152 remained unchanged.

Tech Mahindra was the top laggard in the Sensex pack, cracking 5.24 per cent, followed by Infosys, HDFC, IndusInd Bank, Reliance Industries and NTPC.


Markets mixed after Trump-Biden debate; data lifts China
Govt opening up economy for greater pvt sector participation: Goyal
BPCL pays for defaulting Videocon in Brazil oil block
Temporary retention of GST cess pending reconciliation not diversion: FinMin sources
Trai drops probe against Voda Idea on priority plan issue after telco tweaks offer
Sensex climbs nearly 400 points in early trade; Nifty above 10,900
Rupee depreciates 26 paise to 73.83 against US dollar in early trade
STL strengthens global leadership team to drive the next phase of growth
HCL Technologies shares jump 5 pc after DWS deal
Sensex, Nifty start on cautious note; HCL Tech rallies over 4 pc
TCS sets up 11 COVID-19 isolation centres for staff, their dependents
Over Rs 70K crore worth of loans sanctioned to discoms under liquidity package: Govt
US stocks fall as market decline extends for third week
No decision to discontinue printing of Rs 2000 note: FinMin
More Indians in Singapore returning home due to job losses: Envoy
Rupee drops 13 paise to 73.73 against US dollar in early trade
Trai grants Voda Idea time till Sep 8 to respond to priority plan show-cause notice
PVR defers capex plans to control costs amid COVID-19 disruptions
India's commitment to reform being taken seriously by foreign investors: FM
Air India to resume Mumbai-Aurangabad flights from Sep 15
KERALA NEWS
Kerala reports 7354 new COVID-19 cases,22 deaths
 Thiruvananthapuram: Kerala on Tuesday again registered a spike in new COVID-19 cases reporting 7,354  
COVID-19 tally in Kerala racing towards 1.50 lakh mark
Take steps to attach properties of pvt financial institution; HC to govt
Kerala logs single-day highest spike of 3,830 COVID-19 cases
INTERNATIONAL NEWS
Maldives thanks India for $250 million support amid COVID-19 pandemic
 United Nations, Sep 30 (PTI) The Maldives has thanked India for the financial assistance of USD 250
Pak opens all educational institutions, six months after closure due to COVID-19
Trump urges supporters to watch ballots very carefully
Tensions mount as Armenia, Azerbaijan continue fighting
NATIONAL NEWS
Waiting eagerly for CBI probe outcome in Sushant case:Minister
 Mumbai, Sep 29 (PTI) Maharashtra Home Minister Anil Deshmukh on Tuesday sought to know what happened
NHRC notice to UP govt, state police chief over gang rape of Dalit woman
Cong will celebrate Diwali with people after bypolls: Kamal Nath
Amnesty International halts operations in India
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