Sensex slips 137 points in volatile trade
.jpg)
The BSE Sensex surrendered early gains to trade over 137 points lower in opening trade as investors remained on the sidelines ahead of RBI’s monetary policy review meeting beginning today.
RBI’s second bi-monthly monetary policy meeting of 2018-19 will be held from June 4-6.
The 30-share index fell 137.60 points, or 0.39 %, to 35,089.66.
Similarly, the NSE Nifty declined by 48 points, or 0.44 %, to trade at 10,696.20
Major losers were HDFC Bank, Asian Paints, Adani Ports, TCS, HUL, Power Grid, Wipro and ONGC, falling up to 1.82 %.
The rupee advanced by 21 paise to a fresh one-month high of 66.85 against the dollar in early trade today.
Meanwhile, on a net basis, domestic institutional investors (DIIs) bought shares worth Rs 337.97 crore, while foreign portfolio investors (FPIs) sold equities to the tune of Rs 202.80 crore on Friday, provisional data showed.
Elsewhere in Asia, Hong Kong’s Hang Seng was up 1.33 %, while Japan’s Nikkei rose 1.33 % in early trade today. Shanghai Composite Index gained 0.17 %.
The US Dow Jones Industrial Average ended 0.90 % higher in Friday’s trade.
Other Latest News
.webp)
Tripura Chief Minister Manik Saha said on Friday that the state government has undertaken a multi-pronged plan for the development of tourism in Tripura. He said a Memorandum of Understanding (MoU) worth Rs 692 crore has been signed by the Tripura Tourism Department for the construction of ropeways.
Dr Saha made this announcement while addressing the World Tourism Day 2024 programme and felicitation of the unsung heroes of the recent floods in Tripura at Rabindra Shatabarshiki Bhawan.
.webp)
A petition has been filed in the High Court of Karnataka, seeking a CBI probe against Chief Minister Siddaramaiah in connection with the alleged MUDA scam.
Advocate Vasant Kumar, representing petitioner activist Snehamayi Krishna on Friday said that they have filed a writ petition and are seeking High Court directions to handover the case to the CBI to carry out a fair investigation in the writ petition.
.webp)
About 12 textile companies are set to receive the first set of incentive payment under the production-linked incentive (PLI) scheme.
“Around 40 companies have grounded investment. We had a gestation period till March 2024.We hopethis financial year 10-12 companies will be getting incentive payout (under PLI),” a senior government official said on Friday.
.webp)
The Punjab Bharatiya Janata Party (BJP) on Friday confirmed that Sunil Jakhar continues to lead the party in the state, calling rumours of his resignation "totally baseless". Punjab BJP general secretary Anil Sarin confirmed that Jakhar, 70, was leading the party.
The BJP’s reaction followed hours after media reports claimed that Jakhar had reportedly resigned. The news had particularly raised eyebrows in view of the upcoming panchayat elections in the state scheduled for October 15.
.webp)
Shares of Vedanta have continued their upward trajectory to hit a new high of Rs 515.85, after gaining 3 per cent on Friday’s intra-day trade, on the BSE.
The stock of the Anil Agarwal-promoted company has rallied 8 per cent in two days, after it announced the schedule of a board meeting to consider the fourth interim dividend for FY25.
.webp)
.webp)
.webp)
.webp)
.webp)
