18
Tuesday
June 2019
4:11 AM IST
News Headlines
Bhuvneshwar ruled out of next 2-3 games due to hamstring niggle: Kohli        Shakib 124, Liton 94 guide Bangladesh to 7 wicket victory over WI        Facebook to unveil new cryptocurrency        Sensex drops over 150 pts; Nifty below 11,800        Hong Kong police clear streets as protesters move to park        Argentina, Uruguay restore power after massive blackout        Hong Kong activist Joshua Wong walks free, calls on leader to resign        Don't bother about numbers, your every word is valuable: PM to Oppn        Kejriwal seeks action against cops for thrashing driver        Amarinder seeks Shah's intervention in streetfight between cops and driver in Delhi        WB doctors agree to call off strike during meeting with Mamata        Kerala Congress (M): Jose K Mani elected as Chairman        Cyclone Vayu to recurve towards Gujarat and weaken gradually        Joseph terms Jose K Mani''s election unconstitutional, says ''crowd'' can''t elect chairman        Heatwave claims 61 lives in Bihar        With eyes on 2022, Priyanka to step up UP tours, meet Cong workers twice a week        Hong Kong leader apologises as massive rally chokes city        Gunmen on motorcycles kill 34 villagers in Nigeria: Police        Trump to raise Hong Kong protests with Xi at G20: Pompeo        Protesting doctors turn down Mamata''s invite for talks, say CM has to apologise first        
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Business News
Sensex cracks over 550 pts; Nifty drops below 10,600
 
Mumbai, Dec 10 (PTI) The benchmark BSE Sensex cracked over 550 points Monday as investors turned jittery over exit poll results ahead of outcome of state elections, weakening rupee and crude oil price rise amid escalation in US-China trade tensions.

The 30-share index plummeted 551.74 points, or 1.55 per cent, to 35,121.51 in opening session. All stocks in the index were trading in the red.

In similar movement, the NSE Nifty slumped 172.95 points, or 1.62 per cent, to 10,520.75.

The Sensex had rallied 361.12 points, or 1.02 per cent, to close at 35,673.25 Friday, and the broader Nifty had jumped 92.55 points, or 0.87 per cent, to 10,693.70 in the previous session.

The carnage on Dalal Street was led by metal, realty, banking and auto stocks.

Top losers include Reliance Industries, Adani Ports, PowerGrid, Coal India, Asian Paints, Kotak Bank, ONGC, Vedanta, Yes Bank, Bharti Airtel, Hero MotoCorp and ICICI Bank, falling up to 4 per cent.

Opec meet and the arrest of Global CFO of Huawei has unnerved global investors. To add more to it, domestic state election results may just be the fuel for a short-term volatility, market experts said.

The exit polls Friday predicted a tight finish between the BJP and the Congress in Madhya Pradesh and Chhattisgarh, and a win for the opposition party in Rajasthan.

Global crude oil prices rose after Opec members and 10 other oil producing nations agreed Friday to cut output by 1.2 million barrels a day in a bid to boost prices.

Energy ministers reached the deal, which takes effect from January 1 but has already sent prices surging on oil markets, after two days of talks at Opec headquarters in Vienna.

Brent crude, the international benchmark, was trading 0.68 per cent up at USD 62.09 per barrel. The rupee, meanwhile, depreciated 59 paise to 71.40 against the US dollar in early trade at the interbank foreign exchange amid strengthening of the US dollar against some currencies overseas.

On a net basis, foreign portfolio investors (FPIs) sold shares worth Rs 817.40 crore Friday, while domestic institutional investors (DIIs) were net buyers to the tune of Rs 242.56 crore, provisional data available with BSE showed.

Elsewhere in Asia, Hong Kong's Hang Seng was fell 1.41 per cent, Japan's Nikkei dropped 2.18 per cent and Shanghai Composite Index shed 0.84 per cent in early trade.

On Wall Street, The Dow Jones Industrial Average index cracked 558.72 points, or 2.24 per cent, to 24,388.95 on Friday.


Facebook to unveil new cryptocurrency
Sensex drops over 150 pts; Nifty below 11,800
India ad spend likely to be Rs 697 billion in 2019: Report
UK court rejects Nirav Modi''s bail for fourth time over fears he would abscond
Bring down corporate tax to 18 pc sans exemptions: CII
Jet Airways shares plunge nearly 11 pc
Fiat Chrysler in talks with Aurora on autonomous vehicles
Facebook stops Huawei from pre-installing apps on phones
Rupee rises 31 paise to 69.39 vs USD in early trade
Bajaj Auto sales rise 3 pc in May to 4.19 lakh units
RBI policy, macro data key for markets in holiday-shortened week: Analysts
Six of top-10 firms add Rs 99,994 cr in m-cap; TCS leads
Mahindra sales 3 pc to 45,421 units in May
Toyota Kirloskar sales down 6% at 13,066 units in May
Sitharaman: India's first woman FM; looks to steer economy out of slowdown
Rupee sees high volatility post allocation of key portfolios
Sensex drops over 200 pts; Nifty below 11,900
G20 countries eye tax policy for internet giants: Nikkei
Sensex, Nifty resume record run on F&O expiry
Sensex sheds 248 pts; banking stocks drag
KERALA NEWS
Joseph terms Jose K Mani''s election unconstitutional, says ''crowd'' can''t elect chairman
 Kottayam: Terming the election of Jose K Mani as party Chairman is unconstitutional, Kerala Congress  
Seven sustain burn injuries as bus catches fire in road accident
Rahul renews attack on BJP, Modi during ''thanksgiving'' visit to Wayanad
It's Confirmed: 23-year-old boy infected with Nipah
INTERNATIONAL NEWS
Hong Kong police clear streets as protesters move to park
 Hong Kong: Protesters in Hong Kong left the streets, averting possible clashes Monday after haggling
Argentina, Uruguay restore power after massive blackout
Hong Kong activist Joshua Wong walks free, calls on leader to resign
Hong Kong leader apologises as massive rally chokes city
NATIONAL NEWS
Don't bother about numbers, your every word is valuable: PM to Oppn
 New Delhi: Reaching out to the opposition on the first day of the monsoon session, Prime Minister Na
Kejriwal seeks action against cops for thrashing driver
Amarinder seeks Shah's intervention in streetfight between cops and driver in Delhi
Cyclone Vayu to recurve towards Gujarat and weaken gradually
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