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Barring Hindustan Unilever, all Sensex components ended in the red. Similarly, the NSE Nifty crashed 326.30 points or 2.93 per cent to close at 10,805.55.
Self-reliance plan is hitting China where it hurts, while Trump has stood by India despite trade irritants & oil exporters have honoured Modi to keep him happy.
Capital investments make up about a quarter of GDP & lower expenditure could weigh on economy in long-term, including denting potential growth rate of 7%-8%.
The business activity net balance fell sharply to -30% in June from +26% in February, according to IHS Markit India Business Outlook survey results.
Wirecard was forced into insolvency by an accounting scandal. Several of its subsidiaries -- including those in Asia -- weren’t part of the insolvency filing.
Demand for gold had already slowed due to high prices before the pandemic struck. Jewellers are now waiting for the festival season for a boost.
Modi’s reputation as an economic reformer fuelled an increase of almost 50% in equity market capitalisation during his first 5 years in office.
Similarly, Nifty soared over 9,400 points. ICICI Bank was the top gainer in the Sensex pack, surging around 7 per cent.
The outflow of funds in March amid the Covid-19 pandemic comes after 6 consecutive months of investment by FPIs.
Sebi has also relaxed time-gap required between two board meetings & companies have been given time till 15 May for filing quarterly governance reports.