Medicine

Sensex, Nifty plunge amid investor concerns over government finances, retail inflation data

Sensex, Nifty plunge amid investor concerns over government finances, retail inflation data

Besides, caution prevailed ahead of the release of Consumer Price Index (CPI) data points later in the evening as well as the Wholesale Price Index (WPI) numbers slated for release on Tuesday.

The decline - close to 1% for the Sensex and the Nifty - was all but pervasive across sectors.

The Nifty of National Stock Exchange (NSE) too shed by 96.80 points to 10,224.95.

Indian shares fell sharply on Monday, with mixed global cues, sluggish industrial output data and weak earnings updates from the likes of Adani Ports, DLF, Idea Cellular, BPCL and Coal India weighing on markets.

More news: Uber's biggest rival Lyft eyes Toronto expansion by end of year

On Friday, the NSE Nifty closed 0.12 per cent higher at 10,321.75 while the benchmark BSE Sensex settled up 0.19 per cent at 33,314.56. "The Nifty hit its lowest level in nearly three weeks", Jasani added.

A weakening rupee, which depreciated by 35 paise to 65.51 against the dollar during the day on fears that the tax rate decision of the GST Council will have a revenue implication of Rs 20,000 crore annually, too dampened investor sentiment.

"Domestic investors turned cautious giving more weight to slowdown in IIP to 3.8%, geopolitical tensions in the Middle-East and continued advancement in crude prices".

On the other hand, Mahindra & Mahindra (2.14%), TCS (1.71%), State Bank Of India (1.61%), Axis Bank (1.40%) and Asian Paint (0.62%) were the biggest gainers in the Sensex.


  • Two Dead In Shooting At Cousin Stizz Show

    Two Dead In Shooting At Cousin Stizz Show

    I've always called my shows family reunions because they're never anything but fun, safe, good vibes and positivity. According to the Associated Press, the shooting occurred after two people climbed on stage between performances.

    UBS AG Lowers Nabors Industries Ltd. (NYSE:NBR) Price Target to $10.00

    The company reported ($0.35) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.34) by $0.01. Year to date Nabors Industries Ltd. (NYSE:NBR) is -60.98%, -3.61% over the last quarter, and -36.25% for the past six months.
    Bakayoko: Chelsea teammate Kante no better than me

    Bakayoko: Chelsea teammate Kante no better than me

    The 23-year-old's poor form saw him p dropped from Didier Deschamps' France squad for games against Wales and Germany. Kante has won the Premier League for the last two seasons on the spin - first with Leicester and then with Chelsea .
  • Bitcoin Cash Crashes After Wild Weekend Surge

    Bitcoin Cash Crashes After Wild Weekend Surge

    While skeptics have called bitcoin's rapid advance a bubble, it has become too big for many on Wall Street to ignore. Even after shrinking by as much as US$38 billion since Wednesday, bitcoin boasts a market value of US$105 billion.
    Fortnight-long firearms amnesty begins on November 13

    Fortnight-long firearms amnesty begins on November 13

    Anyone handing an item in is advised to call 101 and notify police of the time and station they will be attending. If you are elderly, infirm or without transport, police will attend your home.
    Irvine and Mckinlay join Pearce in Moyes' new West Ham backroom staff

    Irvine and Mckinlay join Pearce in Moyes' new West Ham backroom staff

    Irvine reunites with Moyes having both worked alongside each other at Preston and Everton . I'm really excited by the challenge", he said.
  • Louis CK fired from 'The Secret Life Of Pets 2'

    Louis CK fired from 'The Secret Life Of Pets 2'

    He has also cancelled the opening to his new film I Love You Daddy , which was supposed to premiere sometime next week. Then FX said his overall deal between he and his FX Productions and his production company Pig Newtown was off.
    Iran says it does not interfere in Lebanese state affairs, says TV

    Iran says it does not interfere in Lebanese state affairs, says TV

    Soon after the interview was announced, Lebanese President Michel Aoun said Al Hariri's freedom was being restricted in Riyadh. Lebanese Prime Minister Saad Hariri has resigned - but the circumstances that led to the shock move are shrouded in mystery.
    Texas Church Shooter's Ex-wife Says He Abused, Threatened to Kill Her

    Texas Church Shooter's Ex-wife Says He Abused, Threatened to Kill Her

    The couple finally divorced in 2012, and in 2013, Kelley pled guilty to choking Brennaman, pulling her hair and kicking her. He was also confined to a military prison for a year and received a bad conduct discharge from the Air Force.
  • PS4 online multiplayer open to everyone for 5 days

    PS4 online multiplayer open to everyone for 5 days

    And for those curious, it looks like discounts for the PlayStation 4 Pro will be rare if they exist at all. First up, all PlayStation VR bundles will be available at a great deal at participating retailers.
    Brookfield Property offers to buy rest of mall owner GGP

    Brookfield Property offers to buy rest of mall owner GGP

    Brookfield already has a roughly 34% stake in GGP that it first bought in 2010 to rescue the company from bankruptcy. CIBC Asset Management Inc lifted its position in Brookfield Property Partners L.P.by 51.8% during the third quarter.
    Trump picks Alex Azar as health secretary to replace Tom Price

    Trump picks Alex Azar as health secretary to replace Tom Price

    US President Donald Trump has nominated a former pharmaceutical executive to serve as his next health secretary. The nomination comes two months after former HHS Secretary Tom Price resigned due to a private plane scandal.