Sensex extends losses, down 110 points in early trade
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The BSE Sensex today declined by over 110 points in early trade due to selling by funds and retail investors amid weak global trends.
The 30-share barometer, which lost 235.77 points in the previous two sessions, fell further by 110.29 points, or 0.39%, to 27,721.25.
Stocks of metal, FMCG, auto, power, capital goods and banking sectors led the fall.
The wide-based National Stock Exchange index Nifty fell 40.60 points, or 0.47%, to 8,425.95.
The wide-based National Stock Exchange index Nifty fell 40.60 points, or 0.47%, to 8,425.95.
Brokers said a weak trend in Asian markets with Shanghai continuing a sharp sell-off on concerns the world's number two economy is slowing dampened trading sentiment here.
Japan's Nikkei Index was down 0.52%, Shanghai Composite index shed 3.60%, while Hong Kong's Hang Seng index fell by 1.11% in early trade.
The US Dow Jones Industrial Average ended 0.19% down in Monday's trade.
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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.
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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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