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Monday
August 2020
10:59 PM IST
News Headlines
NIA arrests six more people and conducts searches at 6 places in Kerala gold smuggling case        Union Minister observes fast as BJP seeks to step up pressure on Ker govt in gold smuggling case        Kerala crosses 25,000 COVID-19 cases as 1,169 test positive        Heavy rains forecast in Kerala this week; Low pressure likely in Bay of Bengal        Shah tests +ve for COVID-19, admitted to Medanta hospital in Gurugram        International passengers with negative COVID-19 test report can skip institutional quarantine: Govt        High time Mehbooba Mufti is released, says Rahul Gandhi        Death toll in Punjab spurious liquor tragedy rises to 104        Trump Says Federal Government Should Seek Death Penalty For Boston Bomber        Khamenei''s top aide praises Turkey''s Hagia Sophia move        IPL GC Meet: Final on Nov 10, Chinese sponsors intact, COVID replacements allowed        2nd ODI: Bairstow, Rashid shine in England''s 4-wicket win over Ireland        Kerala''s COVID-19 tally inching towards 25,000 mark, 1129 ccases, death toll climbs to 82        Kerala police SI dies of COVID-19; first from the force to succumb to the virus        If high command forgives rebels, I will welcome them back: Gehlot        Former SP leader and Rajya Sabha MP Amar Singh dies at 64        Wild fire: 200 homes evacuated in Southern California        Emirati nuclear plant successfully starts up first reactor        Ready to push for continued advancement of China-Nepal ties: Xi        Some 17,000 people hit streets of Berlin to protest COVID-19 measures        
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Business News
Sensex ends 72 pts lower; Yes Bank drops 4 pc
 
Mumbai: Market benchmark Sensex dropped by 72 points to close at 40,284.19 on Monday due to losses in private banks, IT and energy stocks amid concerns over the economic slowdown.

The 30-share index had opened on a firm note but turned negative in afternoon session due to profit booking in IT, banking and oil and gas stocks.

Similarly, the broader NSE Nifty slipped 10.95 points, or 0.09 per cent, to end at 11,884.50. As many as 29 of its constituents advanced while 20 dropped.

Yes Bank was among the top losers in the Sensex pack, falling up to 4.08 per cent, followed by Bajaj Auto, M&M, Hero MotoCorp, HDFC Bank, ONGC and TCS which declined up to 2.05 per cent.

On the other hand, Bharti Airtel, Tata Steel, Sun Pharma, PowerGrid, IndusInd Bank, Axis Bank, SBI, Vedanta and Tata Motors rose up to 4.60 per cent.

Broader BSE midcap and smallcap indices outperformed benchmarks, rising up to 0.44 per cent.

Despite positive cues from global markets, sentiment in the domestic market was subdued on account of multiple reports suggesting that the pace of India's economic growth may falter further, traders said.

"Post Q2 results, market seems to have entered an indecisive period of trade having rallied well in the last two months and lack of major data releases this week. Globally, investors are awaiting triggers on resolution of US-China trade tension and future interest rate trajectory of US central bank. In the short-term volatility may stay but banks are expected to do well given a new life to distressed asset," Vinod Nair, Head of Research, Geojit Financial Services said.

Markets remained flat throughout the day as investors were cautious, Paras Bothra, President of Equity Research, Ashika Stock Broking said.

Sectorally, BSE capital goods, auto, energy, FMCG, IT and industrials indices fell up to 0.68 per cent.

While BSE telecom, metal, basic materials, healthcare and utilities indices rose up to 3.42 per cent.

Metal stocks closed higher as the sentiment turned positive for base metals with the news that US and China are progressing gradually and in a more constructive manner on trade tariff front, Kotak Securities Senior Vice-President, Equity Technical Research, Shrikant Chouhan said.

NSE Metal index rose by 1.79 per cent, led by gains in Tata Steel (4.41 per cent), Hindalco (3.33 per cent) and SAIL (2.75 per cent).

Market breadth was negative as 1,404 stocks declined while 1,154 gained on BSE.

Bourses in Hong Kong, Tokyo and Shanghai settled on a positive note amid optimism about US-China trade talks while those in Seoul ended in the red.

European equities were trading on a mixed note in their respective early deals.

Meanwhile, the Indian rupee depreciated marginally to 71.79 against the US dollar intra-day.

Brent crude futures, the global oil benchmark, rose 0.09 per cent to USD 63.36 per barrel.


SBI SBI Q1 profit surges 81 pc to Rs 4,189 cr
19 income tax return filing deadline extended till Sept 30
Troubles abound, Boeing losses bloom to USD 2.4 billion in 2Q
Ashok Leyland’s latest range, ‘AVTR’, delivered to customers in Goa
Irani asks textiles sector to 'commercialise opportunities'
ICICI Bank Q1 net profit rises 36% to Rs 2,599 crore
Govt's endeavour has been to further simplify Direct Tax laws: Sitharaman
Vistara receives its first Airbus A321neo aircraft
Wipro to launch 5G edge services solutions suite
Rupee surges 15 paise to 74.59 against US dollar in early trade
BAJAJ Rahul Bajaj to step down as Bajaj Finance Chairman
Sebi comes out with guideline to verify upfront collection of margins
Steel Strips Wheels bags fresh orders worth about Rs 11.25 crore
Policybazaar to raise USD 150 million in third quarter
Long-term story of India, 2-wheeler industry remains intact: Hero MotoCorp
JC Penney cuts 1,000 jobs as it closes stores
Asian markets mostly higher on hopes for coronavirus vaccine
JioMeet sees 5 million downloands within days of launch: Ambani
Rupee slips 9 paise to 75.02 against USD
ICICI Bank to raise up to Rs 15,000 crore to bolster capital base
KERALA NEWS
Kerala crosses 25,000 COVID-19 cases as 1,169 test positive
 Thiruvananthapuram: Kerala on Sunday crossed the 25,000 mark in COVID-19 cases as 1,169 more people  
Heavy rains forecast in Kerala this week; Low pressure likely in Bay of Bengal
Kerala police SI dies of COVID-19; first from the force to succumb to the virus
Kerala reports 1,310 COVID-19 cases; 3 deaths takes toll to 73
INTERNATIONAL NEWS
Trump Says Federal Government Should Seek Death Penalty For Boston Bomber
 WASHINGTON: US President Donald Trump says the federal government must seek the death penalty for Bo
Khamenei''s top aide praises Turkey''s Hagia Sophia move
Wild fire: 200 homes evacuated in Southern California
Emirati nuclear plant successfully starts up first reactor
NATIONAL NEWS
Union Minister observes fast as BJP seeks to step up pressure on Ker govt in gold smuggling case
 New Delhi: Union Minister V Muraleedharan on Sunday observed a day-long fast at his residence here d
Shah tests +ve for COVID-19, admitted to Medanta hospital in Gurugram
International passengers with negative COVID-19 test report can skip institutional quarantine: Govt
High time Mehbooba Mufti is released, says Rahul Gandhi
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