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Monday
July 2020
12:05 PM IST
News Headlines
Former India cricketer Chetan Chauhan tests positive for COVID-19        West Indies beats England as international cricket returns        Rahul again targets Modi for Eastern Ladakh face-off with China        Aishwarya, daughter Aaradhya test positive for coronavirus        More cities to come under lockdown as India''s COVID tally surges to nearly 8.5 lakh        Pope Francis saddened by Turkey''s move to convert Hagia Shophia into mosque        Russia''s Sechenov University completes trials of Coronavirus vaccine        Trump wears mask on camera for first time as he visits military hospital        Kerala has become ''hub'' of smuggling gold, alleges Chennithala        Kerala reports 435 new COVID-19 cases, tally rises to 7,873        2 key accused in gold smuggling case remanded to judicial custody        488 cases in Kerala, Infection tally touches 7438; 2 deaths        Gold smuggling case: Swapna, Sandeep taken into custody by NIA        Amitabh Bachchan tests COVID-19 positive, hospitalised        Hardik Patel appointed working president of Gujarat Congress        TN records 3,965 new COVID-19 cases,69 deaths        Why is Modi scared of disclosing names of those who donated to PM Cares, asks Rahul        Trump commutes friend Roger Stone''s sentence        Ruling People''s Action Party reelected in Singapore        5 killed in hostage situation at church in South Africa        
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Business News
Sensex tumbles 229 pts as weak macro data, rupee woes weigh
 
Mumbai: Benchmark BSE Sensex on Wednesday dived 229 points as concerns over poor macro data and confusion over US-China trade deal persisted.

Further, continued unrest in Hong Kong led to fall in regional markets, also impacting sentiment on Indian bourses.

A sharp depreciation in the Indian rupee too added to investors' woes, traders said. The rupee dropped below the 72-level against the US dollar in intra-day trade.

After gyrating 386 points during the day, the 30-share Sensex ended 229.02 points, or 0.57 per cent, lower at 40,116.06.

Similarly, the broader NSE Nifty fell 73 points, or 0.61 per cent, to end at 11,840.45.

Yes Bank was the top loser in the Sensex pack cracking 6.51 per cent, followed by SBI, Axis Bank, Vedanta, Sun Pharma, ICICI Bank, IndusInd Bank, ITC, Infosys and Tech Mahindra, shedding up to 3.69 per cent.

On the other hand, TCS, RIL, HUL, Maruti and NTPC rose up to 3.76 per cent.

Posing questions over the much-anticipated truce deal, US President Donald Trump dubbed China a cheater on trade even as he seeks an initial settlement to calm an 18-month trade war, adding to the uncertainty over the deal between the two countries.

Bourses in Shanghai, Hong Kong, Tokyo and Seoul settled up to 1.82 per cent lower violent protests in Hong Kong.

Exchanges in Europe were also trading in the red in their respective early deals.

In the forex market, the Indian rupee plunged 57 paise to 72.04 against the US dollar intra-day.

Besides global weakness, poor domestic factory output numbers dampened marker mood, traders said.

The industrial production shrank by 4.3 per cent in September, registering the weakest performance in seven years due to output decline in manufacturing, mining and electricity sectors, as per official data released on Monday.

Market is now awaiting cues from consumer price inflation data, which is scheduled to be released later in the day.

Further, an SBI research report on Tuesday sharply cut the country's GDP growth forecast to 5 per cent for FY 2019-20 from the earlier projection of 6.1 per cent, raising concerns over the health of the economy.

Meanwhile, Brent crude futures, the global oil benchmark, fell 1.22 per cent to USD 61.30 per barrel.


Rupee slips 9 paise to 75.02 against USD
ICICI Bank to raise up to Rs 15,000 crore to bolster capital base
Gold jumps Rs 102, silver declines Rs 249
Finmin may review capital requirement of PSU banks after second quarter
I-T dept amends TDS form, makes it more comprehensive
Pak will complete CPEC at all costs, says PM Khan
COVID-19 caused huge demand destruction overseas: Bankers
Intel Capital to buy 0.39 pc stake in Jio Platforms for Rs 1,894 cr
Sensex surges over 200 pts in early trade; Nifty tops 10,600
India's trade deficit with China reduces to USD 48.66 bn in FY20
Work to begin shortly on Zojila tunnel: Gadkari
ONGC shares tank 4 pc after first-ever quarterly loss
Vodafone Idea shares plunge nearly 5 pc after FY20 earnings
Diesel price at new high as fuel prices hiked for 22nd time in just over 3 weeks
Prestige group's FY20 sales bookings flat at Rs 4,560 crore
No plans to sell non-core assets during this fiscal: PNB Chief
Petrol price up 25 paise, diesel 21 paise; rates hiked by Rs 9.12, Rs 11.01 in 3 weeks
SBI sanctions loans to over 4 lakh MSMEs under credit guarantee scheme
Money in Swiss banks: India at 77th place, accounts for just 0.06% of all foreign funds
Asian shares advance, tracking Wall Street tech rally
KERALA NEWS
Kerala has become ''hub'' of smuggling gold, alleges Chennithala
 Kochi: Sharpening his attack against the CPI(M)-led LDF government over the sensational gold smuggli  
Kerala reports 435 new COVID-19 cases, tally rises to 7,873
488 cases in Kerala, Infection tally touches 7438; 2 deaths
Youth outfits of parties clash with police, demand CM''s resignation
INTERNATIONAL NEWS
Pope Francis saddened by Turkey''s move to convert Hagia Shophia into mosque
 Moscow: Pope Francis said on Sunday that he was disappointed by Turkey''s decision to convert the Ha
Russia''s Sechenov University completes trials of Coronavirus vaccine
Trump wears mask on camera for first time as he visits military hospital
Trump commutes friend Roger Stone''s sentence
NATIONAL NEWS
Rahul again targets Modi for Eastern Ladakh face-off with China
 New Delhi: Targetting Prime Minister Narendra Modi, former Congress president Rahul Gandhi on Sunday
Aishwarya, daughter Aaradhya test positive for coronavirus
More cities to come under lockdown as India''s COVID tally surges to nearly 8.5 lakh
Amitabh Bachchan tests COVID-19 positive, hospitalised
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