Sensex makes a muted start on profit-booking, mixed Asian cues
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Mumbai, Jun 25 () The BSE Sensex declined about 67 points in early session today on profit-booking by speculators amid mixed Asian cues on worries over a US-China trade war.
The 30-share flagship index was down 67.80 points, or 0.18 per cent, to 35,621.80.
The gauge had soared 257.21 points in the previous session on Friday.
Sectoral indices led by oil and gas, auto, banking, PSU, power and infrastructure stocks fell by up to 0.53 per cent.
The 50-share NSE Nifty turned lower by 20.60 points, or 0.19 per cent, at 10,801.25.
A depreciating rupee, which slipped 29 paise to quote at 68.13 against the dollar today, made traders all the more nervous.
Hero MotoCorp, Tata Motors, ICICI Bank, ITC Ltd, Axis Bank, PowerGrid, Maruti Suzuki, ONGC, HDFC Ltd, NTPC, RIL, Yes Bank, Coal India and SBI slid up to 1.39 per cent.
Foreign portfolio investors (FPIs) sold shares worth a net Rs 1,343.44 crore, while domestic institutional investors (DIIs) bought shares worth a net Rs 1,105.76 crore on Friday, as per provisional data.
Hong Kong's Hang Seng weakened 0.49 per cent while Japan's Nikkei lost 0.34 per cent in early trade. Shanghai Composite Index, however, moved up 0.17 per cent.
US Dow Jones Industrial Average ended 0.49 per cent higher on Friday.
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As the results for the Maharashtra polls will be announced tomorrow, Shiv Sena (UBT) leader Sanjay Raut on Friday exuded confidence in the victory of the Maha Vikas Aghadi (MVA), saying that around 160-165 MLAs will be elected from MVA.
Reacting to the speculations of the CM face from Maha Vikas Aghadi, Raut asserted that no formula has been made yet for the selection of the CM face as everyone will sit together and choose the CM.
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The Supreme Court on Friday issued a notice to the Enforcement Directorate (ED) in response to a petition from former Delhi Deputy Chief Minister and Aam Aadmi Party (AAP) leader Manish Sisodia. Sisodia sought a relaxation of the bail condition that mandates him to appear before the investigating officer every Monday and Thursday.
An SC bench of Justices BR Gavai and KV Viswanathan said that it would make a decision on the matter during the next hearing without any adjournment.
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Kenya's president said Thursday he has cancelled multimillion-dollar airport expansion and energy deals with Indian tycoon Gautam Adani after US bribery and fraud indictments against one of Asia's richest men.
President William Ruto in a state of the nation address said the decision was made based on new information provided by our investigative agencies and partner nations. He didn't specify the United States.
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Asserting that the relationship between India and the US is built on a strong foundation, the White House has expressed confidence that it can navigate the ongoing crisis surrounding bribery charges against Indian billionaire Gautam Adani.
At her daily news conference, White House Press Secretary Karine Jean-Pierre told reporters on Thursday that the administration is aware of the charges against Adani.
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Prime Minister Narendra Modi on Monday (local time) held a bilateral meeting with his Italian counterpart, Giorgia Meloni, on the sidelines of the G20 Summit in Brazil. PM Modi stated that their discussions focused on strengthening ties in defence, security, trade, and technology. He remarked, "India-Italy friendship can greatly contribute to a better planet."
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