Sensex extends losses, down 82 points on weak Asian cues
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Falling for the fourth straight session, the benchmark BSE Sensex surrendered another 82 points to quote at 26,406.99 in early trade today on sustained selling by investors and funds amid weak Asian cues. The 30-share barometer was down 82.04 points, or 0.31%, to 26,406.99 in early trade, with sectoral indices led by consumer durables, auto, realty and banking trading lower.
The index had lost 208.26 points in previous three sessions. The NSE Nifty dropped 25.20 points, or 0.30%, to 8,114.25. Brokers said apart from continued outflows by foreign funds, a weak trend in Asia tracking a sell off on Wall Street and extending last week's losses on concerns of an expected jump in US interest rates next year mainly pulled the indices down. Japan's Nikkei fell 0.22% while Hong Kong's Hang Seng shed 0.84% in early trade on Monday. Shanghai Composite too shed 0.19%. The Dow Jones Industrial Average ended 0.04% lower in Friday's trade.
On the BSE Sensex, Alok Industries' shares were up 10% in early trade, Cholamandalam Finance was up 3.48%, GAIL 3.01%, Aurobindo Pharma 2.81%. The top losers on the index were, Manappuram Finance, down 4.49%, Oberoi Realty down 3.44%, Fortis Healthcare down 2.72%, Raymond 2.47% lower.
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Maharashtra Deputy Chief Minister and NCP head Ajit Pawar on Monday said discussions were underway among the Mahayuti partners to finalise a formula for the new government formation in the state.
Speaking to reporters at Karad in Satara district, Pawar also acknowledged the contribution of the government's Ladki Bahin scheme, which provides financial assistance to women, in the Mahayuti's victory in the just-concluded state assembly polls.
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Police have lodged seven FIRs in connection with the violence over a court-ordered survey of a Mughal-era mosque here, naming Samajwadi Party MP Zia-ur-Rehman Barq and local SP MLA Iqbal Mehmood's son Sohail Iqbal as accused, officials said on Monday.
The district administration has already imposed prohibitory orders and barred the entry of outsiders into Sambhal till November 30.
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A day after violence rocked Uttar Pradesh's Sambhal, Leader of Opposition in the Lok Sabha Rahul Gandhi on Monday said the BJP's use of power to create a rift between Hindus and Muslims was neither in the interest of the state nor the country.
He also urged the Supreme Court to intervene in the matter as soon as possible.
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The Karnataka High Court has dismissed a petition seeking quashing of an FIR against two individuals accused of defrauding e-commerce giant Amazon of over Rs 69 lakh.
Justice M Nagaprasanna described the case as an example of modern age crime.
The petitioners, Sourish Bose and Deepanvita Ghosh, had sought to have the FIR and a magistrate court's order taking cognisance of the case set aside.
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India’s Adani Group said it has enough cash flows to service debt obligations, as it sought to reassure creditors after a US bribery probe against founder Gautam Adani triggered a selloff in the conglomerate’s stocks and bonds.
Cash balances exceed long-term debt repayments for the next 28 months, while portfolio level cash balances were at $6.33 billion, the port-to-power conglomerate said in a report for the first six months of the financial year ending March 2025 released Monday.
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