Market Latest Updates: Sensex Drops Over 250 Points, Nifty Below 12,650 As Financial Stocks Weigh On Markets
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Market Latest Updates: Sensex Drops Over 250 Points, Nifty Below 12,650 As Financial Stocks Weigh On Markets
Edited by Sandeep Singh (with inputs from agencies) | Friday November 13, 2020Domestic stock markets started Friday's session on a lacklustre note amid weakness in banking, financial services and energy shares, a day after benchmark indices Sensex and Nifty halted a rally that stretched to eight days. The S&P BSE Sensex index dropped 285.79 points - or 0.66 per cent - to 43,071.40 at the weakest level recorded in morning deals, and the broader NSE Nifty 50 benchmark slumped to as low as 12,613.95, down 76.85 points - or 0.61 per cent - from its previous close. -
Why Amazon Is Feuding With A Partner And Billionaire Mukesh Ambani
Bhuma Shrivastava and Upmanyu Trivedi, Bloomberg | Friday November 13, 2020Amazon says Future violated a contract with the sale to its rival and wants to halt it, while the indebted Mumbai-based firm says it would collapse if the transaction were to fail. -
Petrol, Diesel Prices Remain Unchanged On Friday
Edited by Peter Noronha | Friday November 13, 2020In Delhi, the price of petrol remained at Rs 81.06 per litre and diesel was Rs70.46 per litre, according to notifications from state-run Indian Oil Corporation. -
Sensex, Nifty Likely To Have A Weak Opening
Edited by Peter Noronha (with inputs from agencies) | Friday November 13, 2020Australian S&P/ASX 200 shares dipped 0.12 per cent in early trading. Hong Kong's Hang Seng index futures lost 0.16 per cent, while Japan's Nikkei 225 futures added just 0.22 per cent. -
Indian Oil Operates At Full Capacity On Rebound Of Fuel Demand
Reuters | Thursday November 12, 2020Indian Oil Corp has been gradually raising crude runs at its plants, which plunged to about 39 per cent at the beginning of April when a nationwide coronavirus lockdown hit fuel demand. -
Atmanirbhar 3.0: Government To Now Make Provident Fund Contributions For These Employees
Edited by Nikita Prasad | Thursday November 12, 2020This scheme is a contribution to the PF account of employees and is subsidy support by the government -
Retail Inflation In October Remained Over 7% For Second Straight Month
Reuters | Thursday November 12, 2020Retail inflation has remained above 4 per cent, the middle-point of the RBI's target of 2 -6 per cent, for more than a year, giving it little room to cut rates. -
Do Not Expect RBI To Cut Rates In December: Experts
Reuters | Thursday November 12, 2020Analysts in a poll had forecast consumer prices to rise to 7.30 per centin October, compared to 7.27 per centin the previous month. -
Retail Inflation Worsens To 7.61% In October
Edited by Abhishek Vasudev (with inputs from Reuters) | Thursday November 12, 2020Food price inflation rose 11.07 per cent in October compared with 10.68 per cent in the previous month. -
Rupee Weakens 28 Paise Against Dollar; Settles At 74.64
Edited by Nikita Prasad (With inputs from Agencies) | Thursday November 12, 2020During the session, the domestic unit recorded an intra-day high of 74.38 and a low of 74.74 against the US currency. -
India's GDP To Shrink By 8.9% In 2020, Says Moody's
Edited by Abhishek Vasudev (with inputs from Reuters) | Thursday November 12, 2020The government announced a fresh round of stimulus taking the total to around 29.88 lakh crore or 15 per cent of the GDP to help pull the economy. -
Atmanirbhar Bharat 3.0 Adds Diwali Sparkle To Realty: Property Consultant
Edited by Nikita Prasad | Thursday November 12, 2020As part of the announcement, the first-time buyers of houses pricedup to Rs 2 crore will get income tax relief of up to 20 per centand this will be available till June 30, 2021. -
Atmanirbhar Bharat 3.0: Key Takeaways From Finance Minister's Stimulus Package
Edited by Nikita Prasad | Thursday November 12, 2020The finance minister's announcements under Atmanirbhar Bharat 3.0 come one day after the cabinet approved the Production-Linked Incentive (PLI) scheme for 10 champion sectors -
Sensex, Nifty Snap 8-Day Winning Streak Dragged By Banks
Edited by Abhishek Vasudev | Thursday November 12, 2020Five of 11 sector gauges compiled by the National Stock Exchange ended lower led by the Nifty PSU Bank index's over 2 per cent fall. -
Rs 29.88 Lakh Crore Provided In Stimulus To Revive Economy From COVID-19: Finance Ministry
Edited by Abhishek Vasudev | Thursday November 12, 2020The Reserve Bank of India's stimulus measures amounts to Rs 12,71,200 crore, Finance Ministry's presentation showed.
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