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Sensex tanks 92 points on inflation woes
Posted on 15th November 2017
Key benchmark indices in stock markets traded under pressure taking cues from subdued trading activity in global stocks.

The market topped the key 33000-level multiple times only to make a close below it. The BSE Sensex fell 91.69 points, or 0.28%, to close at 32941.87.

On the other hand, Nifty ended down 38.35 points, or 0.38%, ending at 10186.60, after shutting between 10248 and 10175.55.

Larsen and Toubro fell 2.46%, PowerGrid moved down 2.20%, Asian Paints lost 1.77%, TCS ended down 1.53%, ONGC slipped 1.25% and Sun Pharma tanked 1.19%. Dr Reddy’s, Tata Steel, Tata Motors, Adani Ports, ITC, HDFC Bank, SBI and Coal India were among other losers.

Macro-economic data, showing a risk in India’s inflation last month also added to investor worries. Inflation based on consumer price index (CPI) accelerated to 3.58% in October 2017, mainly driven by higher prices of food and fuel.

Additionally, global cues like uncertainty over US tax reform, slowdown in Chinese factory output and growing political issues in the UK weaned investors away from placing more bets.

Share sale by foreign portfolio investors wasworth a net Rs 233.58 crore on Monday. Domestic institutional investors also let go of shares net Rs 268.77 crore.

Related Companies: Bombay Stock Exchange - BSE   National Stock Exchange of India Ltd (NSE)    

Other Latest News
Markets stay under pressure, Sensex below 35,400-mark
Posted on 22nd June 2018
NEW DELHI: The benchmark BSE Sensex got off to a lower start today, tracking a sell-off in global markets amid escalating trade war worries.

The 30-share index, which had lost 114.94 points in the previous session, was down 53 points at 35,379.65 at 10.07 am. Capital goods, realty, infrastructure, power, healthcare and metal stocks showed weakness, falling by up to 0.35 per cent.


COAI favours 5G auctions only around second half of 2019
Posted on 22nd June 2018
New Delhi, Jun 22 () Telecom industry body COAI has said auction of spectrum for 5G services should happen only around the second half of 2019 as it would offer telcos better visibility into market dynamics and potential revenue streams of the next-generation mobile services.

Vodafone-Idea merger to be approved soon
Posted on 22nd June 2018
The Department of Telecommunications (DoT) is expected to clear the merger of Vodafone India and Idea Cellular early next week. Both the companies, however, may have to pay one-time-spectrum-charges (OTSC) dues, though these are under challenge in the court. The DoT is expected to ask Vodafone for Rs 5,650 crore – or a bank guarantee – and Idea for Rs 2,113 crore for its OTSC dues.

Bank of Baroda puts Rs 3k-cr exposure to NCLT accounts on sale
Posted on 22nd June 2018
Over the last week, Bank of Baroda (BoB) has put on sale non-performing assets (NPAs) worth Rs 7,655 crore, including its exposures to some accounts named in the Reserve Bank of India’s (RBI) two lists of bankruptcy cases, such as Essar Steel, Bhushan Power & Steel, Soma Enterprise and Visa Steel. BoB’s aggregate exposure to these accounts is Rs 3,004 crore.

RBI sets deadline for ATM upgrade
Posted on 22nd June 2018
Irked by the slow progress made by banks in addressing security concerns around automated teller machines (ATMs), the Reserve Bank of India (RBI) on Thursday set certain compliance timelines. RBI added that any deficiency in timely and effective compliance with the instructions may invite “appropriate supervisory enforcement action”.

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