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Business Economy


Sensex ends lower on 3rd day at 36,395.03 pts on sell-off across

Sensex ends lower on 3rd day at 36,395.03 pts on sell-off across

Mumbai, Feb 11 (UNI) The benchmark index of Bombay Stock Exchange

(BSE) fell for third straight session on Monday by 151.45 points to

end negative at 36,395.03 due to sell-off in all the counters

tracking weaker cues from Asian peers.

The Nifty of National Stock Exchange (NSE) too declined by 54.80

points to 10,88.80.

The equity market remained in red throughout the day, as the Sensex

recorded day's high at 36,588.41 and low at 36,300.03 points.

The Nifty registered day's high and low at 10,930.90 and 10,857.10

points, respectively.

Key benchmark indices such as Auto, Healthcare, Banking, Energy,

Infrastructure and Oil & Gas slipped in the red on broad-based

selling pressure.

The broader markets were under pressure, as the BSE Mid-Cap and

Small-Cap fell 1.47 per cent and 1.51 pc, respectively.

The market breadth was weaker on BSE, as 841 shares advanced versus

1,709 fell and 162 were unchanged.

Elsewhere in Asia, the equity markets opened in red, as investors

were worried about the sluggish growth of the global economy, US

politics and the Sino-US trade war, keeping the safe-haven dollar

well on near a six-week top against major world currencies overseas.

Chinese stocks swung wildly on Monday after they resumed trading

following a week-long Lunar New Year holiday. The blue-chip index

was last up 0.4 per cent.

Australian stocks ended down 0.6 per cent, while South Korean also

eased 0.2 per cent.

That left MSCI's broadest index of Asia-Pacific shares outside Japan

off 0.1 per cent, after it was toppled from a four-month top on

Friday.

European stocks were trading higher Monday, with market participants

looking ahead to a fresh round of US-China trade talks this week.

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HCL Technologies intents to acquire Cisco's SON Technology

29 May 2020 | 10:22 PM

Mumbai, May 29 (UNI) IT major, HCL Technologies, (HCL) on Friday announced its intent to acquire Cisco's Self-Optimizing Network (SON) technology.

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Ashoka Buildcon receives provisional certificate for NHAI project

29 May 2020 | 10:22 PM

Mumbai, May 29 (UNI) Infrastructure major, Ashoka Buildcon Ltd had announced the declaration of March 31, 2020 as the Commercial Operation Date (CoD) for its Hybrid Annuity Mode (HAM) Project of National Highways Authority of India ('NHAI') on May 28, 2020, for the Project viz. 4/6 laning of Kharar to Ludhiana section of NH-95 (new NH-05) from Kharar km. 10+185 (design chainage) to Samrala Chowk, Ludhiana km. 86+199 (design chainage) in the State of Punjab on Hybrid Annuity mode ('Project').

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KEC international Q4 consolidated net declines by 2 96 pc to Rs 192 88

29 May 2020 | 10:20 PM

Mumbai, May 29 (UNI) KEC international has reported a decline of 2.96 pc in its net profit for the quarter ended March 31,2020 at Rs 192.88 crores as against net profit of Rs 198.76 crores for the period ended March 31, 2019.

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Finance Commission holds meeting with Power Ministry

29 May 2020 | 10:18 PM

New Delhi, May 29 (UNI) The Finance Commission headed by N K Singh and including its Members and senior officials on Friday held a detailed meeting with the Power Ministry headed by Union Minister R K Singh on issues relating to the Reforms of the Electricity Sector in the States.
This was in continuation to the recommendations made on the power sector by the Finance Commission in its report for the financial year 2020-2021.

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Petrol, diesel to be dearer in J&K

29 May 2020 | 10:00 PM

Jammu, May 28 (UNI) Jammu and Kashmir Government on Friday increased the rate of tax on sale of petrol and diesel in J&K by Rs 2 per litre and Rs 1 per litre respectively.

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