BSE Sensex turns flat after opening over 120 points up
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The BSE Sensex has turned flat after opening over 120 points up in morning trade on Monday. Sensex had surged by nearly 130 points in early trade on continued buying by investors amid hopes of rate cut by the Reserve Bank after weak IIP numbers. Nifty recaptured the 8,400-mark by rising 44.25 points, or 0.52 per cent, at 8,404.80.
At 10.13 am, Sensex was up 13.92 points at 27,675.32. Similarly, Nifty was up 4.45 points at 8,365.00 during the same time.
9.30 am: Sensex up 56.59 points at 27,717.99. Nifty was up 15.40 up at 8,375.95 during the same time.
9.18 am: Sensex was up 85.15 points up at 27,746.55. Nifty was up 31.00 points at 8,391.55 during the same time.
A higher trend at other Asian markets as investors await developments in last-ditch talks aimed at a new bailout deal for Greece, influenced sentiment, brokers said.
Growth in industrial production in May slowed to 2.7 per cent from 5.6 per cent a year ago, dragged down by manufacturing, strengthening the case for an RBI rate cut, triggering buying by participants.
Among other Asian markets, Hong Kong’s Hang Seng was up 0.19 per cent, Japan’s Nikkei gained 1.17 per cent and the Shanghai Composite Index rose 2.28 per cent.
The US Dow Jones Industrial Average ended 1.21 per cent higher in Friday’s trade.
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For Samsung Group, this has been a year of milestones. First, a rare public apology from its flagship Samsung Electronics Co., followed by a bumper share buyback. And now, South Korea’s biggest conglomerate has named a woman that’s not member of its founding family as chief executive officer of a group company for the first time in its 86 years.
In a country where women business leaders have long struggled to make inroads into corporate boards and C-suites, the appointment of Kim Kyung-Ah as president and CEO of Samsung Bioepis Co. is a story likely to inspire the next generation of executives.
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As cyclone 'Fengal' approaches Tamil Nadu, several parts of the capital Chennai will face a five-our power cut on Wednesday and Thursday, i.e., November 27 and 28 due to the maintenance work.
The power cut in Chennai will take place between 9 a.m. to 2 p.m., said a report by dtnext.in, adding that it may be restored if the maintenance work is completed.
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Oil producers in Canada and Mexico will likely be forced to reduce prices and divert supply to Asia if US President-elect Donald Trump imposes 25 per cent import tariffs on crude imports from the two countries, traders and analysts said.
Two sources familiar with Trump's plan told Reuters that oil would not be exempted from potential tariff hikes on imports from Canada and Mexico even as the US oil industry has warned the policy could hurt consumers, industry and national security.
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Congress leaders from Wayanad handed over the election certificate of the parliamentary by-election to party general secretary Priyanka Gandhi Vadra in the presence of Rahul Gandhi here on Wednesday.
Sources said Priyanka Gandhi is likely to take oath in the Lok Sabha on Thursday.
Leaders from Wayanad handed over the election certificate of the Wayanad parliamentary by-election to Priyanka Gandhi and conveyed their best wishes.
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The Enforcement Directorate on Wednesday conducted searches at multiple locations in Delhi and adjoining areas as part of an alleged bank loan fraud linked money laundering probe against former promoters of liquidated dairy major Kwality Ltd, official sources said.
About a dozen places are being raided under the provisions of the Prevention of Money Laundering Act (PMLA), the sources said.
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