Hong Kong pro-democracy activist Joshua Wong was remanded in custody on Monday (November 23) after pleading guilty to charges of organizing and inciting an unauthorized assembly near the police headquarters during last year's anti-government protests.
Equity benchmark indices fell sharply during early hours on Thursday as traders booked profit on weak global cues. At 10:15 am, the BSE SandP Sensex was down by 650 points or 1.26 per cent at 50,795 while the Nifty 50 edged lower by 194 points or 1.27 per cent to 15,052. All sectoral indices at the National Stock Exchange were in the negative terrain with Nifty metal down by 2.9 per cent, PSU bank and financial service by 2.3 per cent each, and auto by 1.3 per cent. Among stocks, JSW Steel dropped by 3.4 per cent to Rs 413.65 per share while Tata Steel was down by 3.2 per cent to Rs 752.25. Hindalco too dipped by 2.6 per cent to Rs 349.80 per share. Banking and financial stocks too fell with HDFC down by 3 per cent, Bajaj Finserv by 2.8 per cent, HDFC Bank by 2.7 per cent, Axis Bank by 2.5 per cent and ICICI Bank by 2.4 per cent. However, Adani Ports, ONGC, Grasim and Tech Mahindra traded with a positive bias. Meanwhile, resurgent worries about rising US bond yields hit global shares as investors waited to see if Federal Reserve Chair Jerome Powell will address concerns about the risk of a rapid rise in long-term borrowing costs. The MSCI's ex-Japan Asian Pacific shares lost by 1.7 per cent in early trade while Japan's Nikkei fell by 2.46 per cent. Hong Kong's Hang Seng index was down by 2.53 per cent, South Korea's Kospi by 1.93 per cent and Shanghai composite by 1.58 per cent.
Equity benchmark indices were in the positive terrain during early hours on Tuesday with energy and IT stocks witnessing substantial gains amid positive global trends. At 10:15 am, the BSE S and P Sensex was up by 514 points or 1.03 per cent at 50,364 while the Nifty 50 ticked up by 154 points or 1.03 per cent to 14,915. All sectoral indices at the National Stock Exchange were in the green with Nifty IT up by 2.1 per cent, realty by 0.9 per cent and private bank by 0.7 per cent. Among stocks, Bharat Petroleum Corporation rose by 5.4 per cent to Rs 479.85 per share after the company said it will exit Numaligarh refinery in Assam by selling its entire stake to a consortium of Oil India Ltd and Engineers India Ltd for Rs 9,876 crore. Power utility NTPC was up by 3.7 per cent to Rs 112.45 while IndianOil Corporation edged higher by 3.2 per cent to Rs 103.95. IT majors Wipro, Infosys, Tech Mahindra and Tata Consultancy Services were traded higher by about 2 per cent. However, ONGC fell by 1.3 per cent to Rs 115.55 per share. Hindalco, HDFC, Eicher Motors, Kotak Mahindra Bank and Dr Reddy's traded with a negative bias. Meanwhile, Asia extended the global rally in stocks as a halt in a recent bond markets sell-off eased investor nerves and lifted riskier assets. MSCI's broadest index of Asia Pacific shares outside Japan firmed by 0.97 per cent while Japan's Nikkei was slightly down by 0.12 per cent. Chinese blue-chips gained by 0.58 per cent while Hong Kong's Hang Seng advanced by 0.9 per cent, helped by steady and robust demand from investors in mainland China for shares in the Asian financial hub.