Sensex, Nifty may open flat with negative bias
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The BSE Sensex and NSE Nifty are likely to open flat with negative bias on Thursday tracking SGX Nifty and mixed Asian cues. However, markets are likely to remain volatile throughout the day on account of F&O expiry.
At 8.29 am (IST), SGX Nifty was down 40.50 points, or 0.52 per cent, at 7,816.50.
Wall Street lost ground on Wednesday, dragged down by economic reports portraying US factory growth as tepid and China in its worst manufacturing contraction since the global financial crisis. Dow Jones Industrial Average index declined 0.31 per cent at 16279.89.
Hang Seng and Nikkei were down 0.64 per cent and 17,647.45 at 21,167.61 and 17,647.45 on Thursday. Shanghai was up 0.80 per cent at 3140.90.
Back home, Sensex and Nifty gained 0.67 per cent and 0.43 per cent at 25822.99 and 7845.95, respectively. Stock markets opened lower on Wednesday but recovered during the day on account of positive cues from Europe and comments from Chinese President Xi Jinping that a cheaper currency would not be used to boost exports.
Other Latest News
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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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