21
Thursday
March 2019
9:09 PM IST
News Headlines
Soldier killed as Pak army violates ceasefire along LoC in Rajouri        SAFF Women C''ship: Indian women thrash Bangladesh 4-0, will face Nepal in finals        Theresa May seeks Brexit Day delay, EU demands new vote        Nirav Modi arrested in UK; court remands him in custody till March 29        Mayawati won''t contest LS polls, but says still possible to become PM        Samjhauta blast case: Swami Aseemanand, 3 others acquitted        Not playing is not the solution: Ganguly on workload management        IPL schedule: KKR gets relief, to play all home matches at Eden        Rupee pauses after 6-day rally, slips 43 paise against US dollar        Jaitley dubs '108 purported economists' as compulsive contrarians        Sack 3 ministers in Imran Khan's govt for supporting banned outfits: Bilawal        Pak court mulls options for recording Musharraf's statement in treason case        HC takes note of 'dearth' of special education teachers in Delhi schools        Cong-JDS to campaign jointly, vow to reduce BJP to single        Mamata lashes out at BJP for questioning her religion        Jet pilots threaten to stop flying from Apr 1, set Mar 31 deadline on bailout, salaries        Congress will restore special category status to Arunachal and other NE states: Rahul        We think about the future: Sasi Tharoor        No riots in UP since BJP came to power: Adityanath        Congress finally picks Muraleedharan for Vadakara        
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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.


Rupee pauses after 6-day rally, slips 43 paise against US dollar
Jaitley dubs '108 purported economists' as compulsive contrarians
Reliance Communications pays Rs 458.77 cr to Ericsson: Sources
Sensex rises over 100 pts; Nifty above 11,300
Rupee rises by 8 paise to 69.63 vs USD in early trade
Tata Motors bags orders of over 2500 units of commercial passenger transportation vehicles
Crisis-hit Jet Airways defaults on foreign loan repayment
Optiemus launches wireless charger at Rs 2,499/-
Oil prices fall amid weak US jobs data
JSW Cement introduces high-strength Comp Cem cement in Goa
Star rating prog launched for microwave ovens, washing machines
In a first, SBI links pricing of loans, deposits to repo rate
Kia Motors announces partnerships with 8 leading financial institutions to offer financial services
Driving licences, vehicle registration certificates to come in card format only
Mining blocks to be allotted via e-auction only: J&K
ICF to roll out over 3000 coaches this fiscal, among largest railcar builders in world
Mercedes "cautiously optimistic" on growth in election year
UP to get 40 paise/unit cheaper power from plant
45 passports of NRIs cancelled for abandoning their wives: Maneka
Singapore supermarket chain removes basmati from shelves after customer finds dead rat in rice bag
KERALA NEWS
We think about the future: Sasi Tharoor
 Kottayam: We, the Congress party thinks about the future, says Sasi Tharoor MP. We stand for the you  
No riots in UP since BJP came to power: Adityanath
Congress finally picks Muraleedharan for Vadakara
I always stand for the principles and ethics I believe in: Sasi Tharoor MP
INTERNATIONAL NEWS
Theresa May seeks Brexit Day delay, EU demands new vote
 London: British Prime Minister Theresa May wrote to the European Council on Wednesday seeking a "sho
Sack 3 ministers in Imran Khan's govt for supporting banned outfits: Bilawal
Pak court mulls options for recording Musharraf's statement in treason case
Musharraf admitted to Dubai hospital after reaction from rare disease : Party
NATIONAL NEWS
Mayawati won''t contest LS polls, but says still possible to become PM
 Lucknow/New Delhi, Mar 20 (PTI) BSP chief Mayawati Wednesday announced she will not contest the upco
Samjhauta blast case: Swami Aseemanand, 3 others acquitted
HC takes note of 'dearth' of special education teachers in Delhi schools
Cong-JDS to campaign jointly, vow to reduce BJP to single
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