Friday, July 10, 2020
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Sensex sheds 58 pts on profit-booking, global cues




 The BSE benchmark Sensex fell 58 points to 31,213.36 as investors took to profit-booking amid a mixed trend in global markets ahead of UK elections and the European Central Bank's policy meeting.

      On home turf, sentiment was hit by the Reserve Bank pegging GDP growth for the current fiscal lower at 7.3 per cent and saying that rush for farm loan waivers may have inflationary spillovers, brokers saId.

      The 30-share index resumed higher at 31,316.91 and hovered in a range of 31,354.51 and 31,193.77 before settling at 31,213.36, showing a loss of 57.92 points, or 0.19 per cent.
      The NSE 50-share Nifty also down 16.65 points, or 0.17 per cent, to 9,647.25, after shuttling between 9,688.70 and 9,641.50.
      Oil and gas suffered the most by falling 1.38 per cent, followed by IT 1.33 per cent, teck 1.19 per cent, PSU 0.60 per cent, consumer durables 0.58 per cent, capital goods 0.36 per cent, realty 0.21 per cent, FMCG 0.19 per cent and banking 0.15 per cent.
    In 30-sensex kitty, TCS suffered the most by plunging 3.59 per cent to Rs 2,521.50. In line with overall trend, Infosys too shed 0.54 per cent to Rs 956.30, while Wipro lost 0.06 per cent to Rs 548.50.
      The broader market outperformed the key indices with the small-cap index rising 0.30 per cent and the mid-cap index rose 0.23 per cent after investors widened their portfolios.
      Meanwhile, Foreign portfolio investors (FPIs) bought shares worth a net Rs 73.79 crore, while domestic institutional investors (DIIs) had also bought shares worth a net Rs 166.22 crore yesterday as per provisional data.





Editorial

Précis 2017
From asking his party men to ‘live a simple life and serve the people’ to taunting the BJP for its ‘crocodile tears’, Chief Minister and BJD supremo Naveen Patnaik has not only become politically invincible, he seems to be so in the coming years too.

National

* India successfully test-fires supersonic interceptor missile

International

* Support for terrorism to be stopped: India at UN

Business

* Dalmia DSP launches new TV campaign

Entertainment

* Sudhir Mishra's 'Daasdev' set to arrive on February 16

Interview

* “Nalco to invest Rs 35,000 cr in Odisha, good governance key to company’s success”

Leisure

* Tata Steel Bhubaneswar Literary Meet from Jan 11
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