Sensex extends losses, down 153 points
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The benchmark BSE Sensex extended losses in the late morning deals and was trading lower by 153.24 points following sustained selling in metal, energy, telecom, oil&gas, FMCG and Auto sectors amid weak Asian cues. Market turned volatile on Asian weakness following Donald Trump’s failure to push through his key healthcare legislation raised doubts whether he will be able to push through tax reforms and mega-spending packages.
The Sensex opened lower at 29,395.68 and hovered between 29,420.70 and 29,247.56. It was quoting at 29,268.16 at 1100 hrs, showing a loss of 153.24 points or 0.52 per cent.
The NSE 50-share Nifty also fell 49.50 points or 0.54 per cent to quote at 9,058.50, 1100 hrs.
Major losers were, Tata Steel 2.84 per cent, Coal India 2.28 per cent, Reliance 2.03 percent, Tata Motors 1.46 per cent, Asian Paint 1.42 per cent and SunPharma 1.39 per cent.
Foreign portfolio investors (FPIs) bought shares worth Rs 543.35 crore on last Friday, as per provisional data released by the stock exchanges.
Globally, Asian markets were mostly lower after President Trump suffered a legislative defeat last Friday when Republican leaders pulled a bill to overhaul the US health care system.
The US stocks ended lower last Friday, as House Republicans withdrew the American Health Care Act after determining that they did not have enough votes to pass the bill.
Other Latest News
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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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