Page 2327 - Business Finance
Rupee slips to new low, touches 74.27 to USD
The Indian rupee slipped to a new low of 74.27 to a US dollar during the mid-afternoon session on Tuesday.
Sensex, Nifty hover near flat line
The Sensex and the Nifty were trading near flat line in afternoon trade. At 13:25 IST, the barometer index, the S&P BSE Sensex, was down 9.21 points or 0.03% at 34,465.17. The Nifty 50 index was down 12.95 points or 0.13% at 10,335.10.
Vijaya Bank drops for fifth straight session
The stock is quoting at Rs 42.1, down 1.29% on the day as on 13:19 IST on the NSE. Vijaya Bank tumbled 31.79% in last one year as compared to a 2.96% rally in NIFTY and a 13.98% fall in the Nifty PSU Bank index.
Canara Bank slips for fifth straight session
The stock is quoting at Rs 214.2, down 1.15% on the day as on 13:19 IST on the NSE. Canara Bank tumbled 31.79% in last one year as compared to a 2.96% rally in NIFTY and a 13.98% fall in the Nifty PSU Bank index.
Divis Laboratories Ltd drops for fifth straight session
The stock is quoting at Rs 1247.5, down 2.34% on the day as on 13:19 IST on the NSE. Divis Laboratories Ltd jumped 40.78% in last one year as compared to a 2.96% rally in NIFTY and a 0.27% fall in the Nifty Pharma index.
Cadila Healthcare Ltd slips for fifth straight session
The stock is quoting at Rs 376.25, down 0.04% on the day as on 13:19 IST on the NSE. Cadila Healthcare Ltd tumbled 23.69% in last one year as compared to a 2.96% rally in NIFTY and a 0.27% fall in the Nifty Pharma index.
Jagran Prakashan Ltd eases for fifth straight session
The stock is quoting at Rs 106.95, down 1.43% on the day as on 13:19 IST on the NSE. Jagran Prakashan Ltd tumbled 0.18% in last one year as compared to a 2.96% rally in NIFTY and a 22.84% spurt in the Nifty Media index.
Godrej Consumer Products Ltd slips for fifth straight session
The stock is quoting at Rs 660, down 5.46% on the day as on 13:19 IST on the NSE. Godrej Consumer Products Ltd tumbled 0.18% in last one year as compared to a 2.96% rally in NIFTY and a 7.57% spurt in the Nifty FMCG index.
United Spirits Ltd eases for fifth straight session
The stock is quoting at Rs 445, down 4.24% on the day as on 13:19 IST on the NSE. United Spirits Ltd tumbled 6.09% in last one year as compared to a 2.96% rally in NIFTY and a 7.57% spurt in the Nifty FMCG index.
Tata Power Company Ltd down for fifth straight session
The stock is quoting at Rs 61.45, down 0.08% on the day as on 13:19 IST on the NSE. Tata Power Company Ltd tumbled 24.65% in last one year as compared to a 2.96% rally in NIFTY and a 2.59% spurt in the Nifty Energy index.
Tata Motors Ltd drops for fifth straight session
The stock is quoting at Rs 177.7, down 16.32% on the day as on 13:19 IST on the NSE. Tata Motors Ltd tumbled 58.05% in last one year as compared to a 2.96% rally in NIFTY and a 21.14% fall in the Nifty Auto index.
Maruti Suzuki India Ltd drops for fifth straight session
The stock is quoting at Rs 6701, down 2.74% on the day as on 13:19 IST on the NSE. Maruti Suzuki India Ltd tumbled 15.11% in last one year as compared to a 2.96% rally in NIFTY and a 21.14% fall in the Nifty Auto index.
Bharat Forge Ltd eases for fifth straight session
The stock is quoting at Rs 559.65, down 1.14% on the day as on 13:19 IST on the NSE. Bharat Forge Ltd tumbled 14.37% in last one year as compared to a 2.96% rally in NIFTY and a 21.14% fall in the Nifty Auto index.
German firms would face billions in extra tariffs in hard Brexit: IW
BERLIN (Reuters) - A hard Brexit would result in extra tariffs of more than 3 billion euros ($3.44 billion) for German companies per year, a German institute said on Tuesday, adding that German exports to Britain could drop by up to 57 percent.
Sensex down 150 points, Nifty below 11,300-mark
The key equity indices traded in the negative territory during the mid-afternoon trade session on Tuesday.
Rupee hits new low of 74.27, plunges 21 paise against USD
The rupee erased all its morning gains to hit a new record low of 74.27 against the US dollar in afternoon trade Tuesday after Brent crude breached the USD 84 a barrel-mark again and the American currency strengthened overseas. Moreover, unabated foreign fund outflows weighed on the rupee, traders said. At the forex market, the domestic unit opened higher at 73.93 and advanced to 73.88 on fresh selling by exporters amid weakness in dollar against some currencies overseas. However, it turned weak and slipped to trade at a fresh lifetime low of 74.27, showing a fall of 21 paise over its Monday's close of 74.06. It broke previous record low (intra-day) of 74.23 reached on October 5. Foreign institutional investors (FIIs) sold shares net worth a net of Rs 1,805 crore Monday, provisional data showed. Investors remained concerned over sustained foreign capital outflows and rise in crude oil price to 84.48. Forex dealers said besides strong demand for the American currency from importers, ...
IMF chief economist not concerned about China's ability to defend currency
NUSA DUA, Indonesia (Reuters) - International Monetary Fund Chief economist Maurice Obstfeld said on Tuesday that he was not concerned about the Chinese government's ability to defend its currency despite the recent depreciation of the yuan.
Pakistan to seek IMF bailout programme
The Pakistan government has announced its decision to approach the International Monetary Fund (IMF) for balance-of-payments support and enter into a stabilisation programme, the media reported on Tuesday.
Weak German trade suggests meagre growth in third quarter
BERLIN (Reuters) - German exports unexpectedly fell in August, data showed on Tuesday, in a fresh sign that manufacturers in Europe's largest economy shifted into a lower gear over the summer months.
Gold nudges up on risk aversion amid China worries
BENGALURU (Reuters) - Gold prices edged higher on Tuesday as risk appetite fell, with Asian stocks slipping to 17-month lows amid concerns over a potential slowdown in China's economic growth.