Equity indices on downswing, auto and pharma stocks lose
Video Credit: ANI - Duration: 01:31s - Published
Equity indices on downswing, auto and pharma stocks lose
Equity benchmark indices drifted lower during early hours on Monday amid concerns over rising inflation and bond yields.
At 10:15 am, the BSE SandP Sensex was down by 417 points or 0.82per cent at 50,472 while the Nifty 50 edged lower by 99 points or 0.66 per cent to 14,883.
Among stocks, Mahindra and Mahindra lost by 2.4 per cent to Rs 858.05 per share while Maruti Suzuki skidded by 1.4 per cent.
Eicher Motors was down by 1.3 per cent to Rs 2,550.50 per share.
The other major losers were Larsen and Toubro, HDFC, Axis Bank, IndusInd Bank, HCL Technologies and Tata Consultancy Services.
However, metal stocks gained substantially with Hindalco up by 4.5 per cent, Tata Steel by 3.3 per cent and JSW Steel by 3.2 per cent.
Besides, HDFC Bank, Adani Ports, ONGC and Asian Paints traded higher.
Meanwhile, Asian share markets inched up as expectations for faster economic growth and inflation globally boosted commodities.
MSCI's broadest index of Asia Pacific shares outside Japan added 0.2 per cent.
Japan's Nikkei recouped by 1 per cent and South Korea by 0.4 per cent.
Market pressure persisted for the third consecutive session as key indices, including Sensex, Nifty, and Nifty Bank, witnessed notable declines. The midcap index closed in the red despite performing relatively better. Geopolitical tensions between Iran and Israel contributed to the market downturn. US stock futures dipped after major benchmarks suffered losses, while European and Asia-Pacific markets also experienced significant drops.
#Business #Businessnews #StockExchange #IranIsrael #Businessimpact #Sensex #Nifty #Gold #Businessupdates #Economy #Indianews #Oneindia #OneindiaNews
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RBI's action against Paytm and Kotak Mahindra Bank for non-compliance raised concerns. Kotak Mahindra's failure to meet data storage requirements led to RBI directives. Similar actions were taken against HDFC Bank in 2020. The events underscore the need for stronger regulatory mechanisms.
#kotakmahindrabankopenaccountzerobalance #kotakmahindrabank #kotakmahindrabanknews #kotakmahindrabankcreditcard #kotakmahindrabankcreditcardapply #kotakmahindrabankpersonalloan #RBI #RBInews #Moneynews #Oneinda #Oneindia news
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A South Korean research team has developed a new hybrid food, an affordable and eco-friendly source of protein, in a bid to develop a sustainable future option.
Credit: euronews (in English) Duration: 04:09Published
North Korea has fired an unidentified ballistic missile into the sea off South Korea's east coast, Seoul's military said on Monday, the latest in an apparent volley of tests by Pyongyang this year. "North Korea has fired an unidentified missile into the East Sea," South Korea's Joint Chiefs of Staff said, referring to the body of water also known as the Sea of Japan.
#NorthKorea #BallisticMissile #EastCoast #JapanAlert #SecurityConcern #MilitaryTension #GlobalSecurity #RegionalStability #MissileThreat #InternationalRelations
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South Korea’s Opposition , Dominates Parliamentary Elections.
South Korea's Democratic Party won
"175 seats in the 300-member single-chamber parliament" on April 10, NPR reports.
The ruling right-wing People Power Party became a smaller minority with only 108 seats. .
The outcome is considered to be a blow to conservative President Yoon Suk Yeol.
The country's prime minister and
other presidential officials offered
to resign after the crushing defeat. .
The country's prime minister and
other presidential officials offered
to resign after the crushing defeat. .
I apologize to the people on behalf
of our party, which wasn’t good
enough to win the people’s choices, Han Dong-hoon, People Power Party leader, via statement.
While Yoon said that he intends to
"humbly uphold" the will of the people
as indicated by the election results, .
it is not known if he will accept his
staff's offers to resign. .
Lee Jae-myung, the Democratic Party leader who
is considering running for president again, .
said there is a need for both parties to
"pull together" to "resolve economic
and public livelihood problems.".
The results of the parliamentary
elections are not the victory by
the Democratic Party, but the
great victory by our people, Lee Jae-myung, the Democratic Party leader.
Now, the elections are over. Both
the ruling and opposition political
parties must pull together all their
strength to resolve economic and
public livelihood problems, Lee Jae-myung, the Democratic Party leader.
According to the National Election Commission, voter turnout reached its
highest level in over three decades for
a parliamentary election, NPR reports.
Credit: Wibbitz Top Stories Duration: 01:31Published
The outcome of Wednesday's elections in South Korea dealt President Yoon Suk Yeol a severe political blow, probably delaying his domestic program and putting him in the path of an increasingly aggressive political campaign from his liberal opponents for the remainder of his three-year term in office.
#SouthKorea #SouthKoreaElections #YoonSukYeol #HanDongHoon #HanDuckSoo #SouthKoreanews #Philippines #Worldnews #Oneindia #Oneindianews
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Unions have warned of a bitter fight ahead, saying their plans to avert thousands of job losses at Tata Steel have been rejected by the company. Sky News
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