22
Friday
November 2019
3:54 PM IST
News Headlines
Assembly Speaker censures four Congress MLAs for climbing on dais        Students, parents stage protest over death of girl due to snakebite in classroom        Mahinda Rajapaksa takes PM office for third time        Israel''s Netanyahu charged in corruption cases        All eyes on Shami as India in throes of making yet another cricketing history with pink ball D/N Test against Bangladesh        India Women claim 5-0 T20 series sweep over West Indies        Three Rafale jets handed over to IAF by France: Govt        Normalcy has been restored in J&K: Shah        Cabinet approves strategic disinvestment of CPSEs        Lankan Prez names elder brother Mahinda as PM after Wickremesinghe resigns        Nawaz Sharif meets medical experts for check-up in London        Germany crush Northern Ireland 6-1 in Euro 2020 qualifiers        Bring Ashwin back in limited overs cricket: Harbhajan        T''gana techie among 2 Indians arrested in Pak; missing since 2017, says family        Rajini, Haasan hint at joining hands for TN''s welfare        Opposition leader visits injured MLA at Medical College Hospital in Kerala        Helmets must for two-wheeler riders, pillions from Dec 1 : HC        Ailing former Pak PM Nawaz Sharif leaves for London for treatment        Swedish prosecutor drops Assange rape probe        Newly-elected Lankan President to visit India on Nov 29        
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Business News
Sensex drops over 150 pts; bank, auto stocks drag
 
Mumbai: Domestic equity benchmark BSE Sensex dropped over 150 points in early session on Monday, weighed down by losses in banking, auto and IT stocks amid unabated foreign fund outflow.

The 30-share index was trading 147.20 points, or 0.40 per cent, lower at 36,834.57 at 0930 hours, while the broader Nifty rose 31 points, or 0.28 per cent, to 10,915.20.

In the previous session on Friday, the BSE barometer ended 337.35 points, or 0.92 per cent, higher at 36,981.77. Similarly, the broader NSE Nifty spurted 98.30 points, or 0.91 per cent, to finish at 10,946.20.

Top losers in the Sensex pack included Tata Motors, Maruti, Tata Steel, HCL Tech, IndusInd Bank, Vedanta, Bajaj Auto, Hero MotoCorp, HDFC duo, NTPC and Axis Bank, shedding up to 2.40 per cent.

On the other hand, Sun Pharma, HUL, Bharti Airtel, L&T, RIL, Bajaj Finance and ITC rose up to 1.66 per cent.

According to experts, despite positive cues from other global markets, domestic equities reeled under pressure amid continued foreign fund outflow.

Selling by foreign portfolio investors (FPIs) continued over the past week. Given the sustained slowdown, experts fear that Q2FY20 earnings numbers could also be weaker than expected, in which case there would be further downward adjustment for the markets.

On Friday, FPIs sold shares worth a net of Rs 957.05 crore, while domestic institutional investors purchased shares worth Rs 1,207.20 crore, provisional data showed.

Elsewhere in Asia, bourses in Shanghai, Japan and Korea were trading in the green in their respective late morning sessions, while that in Hong Kong was in the red.

The rupee, meanwhile, was traded flat against its previous close at 71.72 in early session.

Global oil benchmark Brent crude surged 0.96 per cent to 62.14 per barrel.


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Current economic slowdown episodic, says N K Singh
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Vodafone Idea shares tumble over 21 pc; hit record low
Rupee slips below 72-mark against USD
Sensex tumbles 229 pts as weak macro data, rupee woes weigh
Hong Kong officials fine UBS for overcharging clients
ArcelorMittal to shut Saldanha plant in S Africa, 1000 workers affected
Sebi disposes of case against ABG Shipyard
I-T dept busts Rs 3,300-cr hawala racket involving infra firms
FinMin says fundamental of Indian eco robust, reforms to stimulate investments
Allahabad Bank loss widens to Rs 2,103 cr in Q2 on higher bad loans
Sensex skids from record high as Moody's cuts India credit outlook
KERALA NEWS
Assembly Speaker censures four Congress MLAs for climbing on dais
 Thiruvananthapuram: Kerala Assembly Speaker P Sreeramakrishnan on Thursday censured four Opposition  
Opposition leader visits injured MLA at Medical College Hospital in Kerala
Sabarimala temple opens for 2-month long pilgrimage season
Kerala: Mixed response to SC Sabarimala verdict
INTERNATIONAL NEWS
Mahinda Rajapaksa takes PM office for third time
 Colombo: Former president Mahinda Rajapaksa assumed the office of prime minister for the third time
Israel''s Netanyahu charged in corruption cases
Lankan Prez names elder brother Mahinda as PM after Wickremesinghe resigns
Nawaz Sharif meets medical experts for check-up in London
NATIONAL NEWS
Normalcy has been restored in J&K: Shah
 New Delhi: Asserting that the normalcy has been restored in Jammu and Kashmir, Home Minister Amit Sh
Cabinet approves strategic disinvestment of CPSEs
T''gana techie among 2 Indians arrested in Pak; missing since 2017, says family
Rajini, Haasan hint at joining hands for TN''s welfare
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