Markets remain weak; Wipro falls 3%
.jpg)
Benchmark indices continue to trade in the negative zone due to persistent selling on the back of weak corporate earnings amid weakness in the global peers.
At 12:15 PM, the Sensex was lower by 84 points at 28,286 and Nifty slipped by 20 points at 8,569.
The broader markets are outperforming the benchmark indices- BSE Midcap and Smallcap indices are up 0.2%. The market breadth is positive, with 1,348 gainers and 1,033 losers on the BSE.
The lower than expected corporate earnings of the blue chips along with the unproductive monsoon session so far have weighed on the sentiment on Dalal Street. In today’s trades, however, the market participants would eagerly anticipate the Q1 results of index heavyweights such as Reliance Industries and Axis Bank.
On the global front, the Asian equities took a hit today as China's factory sector contracted by the most in 15 months in July as shrinking orders depressed output.
Also, officials from the lender institutions -- the European Commission, the European Central Bank and IMF will be in Athens during the day to start detailed discussions with the Greek government.
Meanwhile, foreign portfolio investors (FPIs) bought shares worth a net Rs 185.42 crore yesterday as per provisional data released by the stock exchanges.
Other Latest News
.webp)
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.
.webp)
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.
.webp)
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.
.webp)
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.
.webp)
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.
.webp)
.webp)
.webp)
.webp)
.webp)
