Among the sectoral stocks Bank, Auto, Financial Services, IT, Pharma, Private Bank, Realty, and Healthcare traded in red during the initial hours of the trade.
After touching a low of 48,580.80, the 30-share BSE index was trading 1,254.49 points or 2.51 per cent lower at 48,775.34, while NSE Nifty sank 349.40 points or 2.35 per cent to 14,517.95.
Indian equity indices conquered new peaks Tuesday, as banking, FMCG and auto stocks saw heavy buying amid optimism over Covid vaccine progress and unabated foreign capital inflows.
A combination of better-than-expected earnings, completion of US presidential voting & progress toward a Covid vaccine helped propel the Nifty 50 index to new highs this week.
IndusInd Bank was the top gainer in the Sensex pack, rallying 5.93 per cent, followed by Reliance Industries, Axis Bank, Kotak Bank, Bajaj Auto and HCL Tech.
Canada faces serious foreign interference issues, but these challenges must not be weaponized to unfairly target friendly and important allies like India.
In Episode 1544 of CutTheClutter, Editor-in-Chief Shekhar Gupta looks at some top economists pointing to the pitfalls of ‘currency nationalism’ with data from 1991 to 2004.
The decorated Naga officer from Manipur also served as envoy to Myanmar & Nagaland chief secy. Defence Minister Rajnath Singh inaugurated a museum dedicated to the Tawang hero Thursday.
While we talk much about our military, we don’t put our national wallet where our mouth is. Nobody is saying we should double our defence spending, but current declining trend must be reversed.
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