Equity benchmark indices dipped by over half a per cent during early hours on Wednesday amid mixed global cues with banking and financial stocks taking a hit.
At 10:15 am, the BSE SandP Sensex was down by 417 points or 0.83 per cent at 49,719 while the Nifty 50 edged lower by 91 points or 0.61 per cent to 14,754.
Sectoral indices at the National Stock Exchange were mixed with Nifty financial service lower by 1.3 per cent, private bank by 1 per cent and IT by 0.5 per cent.
But Nifty metal, PSU bank rose by 1 per cent each.
Among stocks, HDFC Bank lost by 3 per cent to Rs 1,506.40 per share while home loan lender HDFC was down by 2.8 per cent to Rs 2,531.
ICICI Bank ticked lower by 1.4 per cent, Kotak Mahindra Bank by 0.7 per cent, Tech Mahindra by 1.1 per cent and Bajaj Auto by 0.7 per cent.
However, Tata Motors, Tata Steel, SBI Life, Adani Ports, Hindalco and Bajaj Finserv traded with a positive bias.
Meanwhile, Asian stocks were on track for their first monthly loss since last October even as investors focused on growing signs of a sure-footed global economic recovery.
Japan's Nikkei was down 0.71 per cent while Hong Kong's Hang Seng fell by 0.31 per cent.
South Korea's Kospi moved up a bit by 0.08 per cent.
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.
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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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The problem was spotted when ICICI Bank customers posted on social media about the safety of the bank's iMobile Pay app. They said they saw private credit card.. DNA
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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Hong Kong witnessed a stunning display of nature's power as nearly 10,000 lightning strikes illuminated the city overnight. From towering residential buildings to iconic landmarks, witness the electrifying spectacle that lit up the skies. Stay tuned for more updates on this breathtaking event
#HongKong #HongKongLightening #HongKongThunderstorm #ChinaRains #HongKongNews #HongKongThunderstorm #Oneindia
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Food Safety Standards Authority of India has decided to step up surveillance this year of spices and culinary herbs, fruits and vegetables, salmonella in fish.. IndiaTimes
US Food and Drug Administration (FDA) is currently investigating products from spice manufacturers MDH and Everest following Hong Kong's decision to halt sales.. IndiaTimes
Everest, a popular spice brand in Indian homes, has assured consumers of the safety and quality of its spice-mix products. Evest Food Products stated that.. IndiaTimes
Commerce and industry ministry has initiated an inquiry into the banning of certain spices manufactured by MDH and Everest in Singapore and Hong Kong. They have.. IndiaTimes
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
Equity benchmark indices plunged by over 1 per cent on Wednesday amid profit booking by traders across counters on the last trading day of FY21.The BSE SandP Sensex closed 627 points or 1.25 per cent..
Equity benchmark indices traded lower during early hours on Thursday following weak global cues amid concerns about rising coronavirus cases and extension of lockdown measures in some countries. At..
Equity benchmark indices were in the green during early hours on March 18 tracking strong global cues after the US Federal Reserve projected a rapid jump in economic growth this year. At 10:15 am, the..
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