Thursday, Jul 9 2020 | Time 04:37 Hrs(IST)
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  • Egypt reports 1,025 COVID-19 cases, tally hits 78,304
  • White House pushes to reopen schools as U S COVID-19 cases top 3 mln
  • Covid-19 cases in Nashik go beyond 6,000
  • MP CM expresses grief
  • MP CM mourns Churaman’s death
  • Covid-19 cases in Thane cross 47,000
  • US COVID-19 cases surpass 3 mln -- Johns Hopkins University
  • UK COVID-19 deaths rise to 44,517 as another 126 patients die
  • Death toll rises to 5 in eastern Ukraine forest fire
  • Harvard, MIT sue US gov't over rule on int'l students
  • Iraq faces long battle against COVID-19, as daily cases hike to 2,741
  • MP CM unveils Mukhya Mantri Street Vendor Loan Scheme
  • More S African politicians test positive for COVID-19
  • Four dead in central China landslide
  • Harvard, MIT sue US gov't over rule on int'l students
Business Economy


Sensex breaks 3-day gaining spree, ends lower at 39,756.81 pts due to profit booking by investors

Sensex breaks 3-day gaining spree, ends lower at 39,756.81 pts due to profit booking by investors

Mumbai, Jun 12 (UNI) Snapping the winning streak of last three sessions, the BSE Sensex fell on Wednesday by 193.65 points to end negative at 39,756.81, as investors booked profit at higher level, amidst weaker cues from global peers.

The Nifty of National Stock Exchange (NSE) too dropped by 59.40 points to 11,906.20.

The Sensex, which had gained by 420 points in past three sessions, rose by 24 points to 39,974.18 in early trade and then edged up further by 32 points, to touch day's high of 39,982.10.

However, it sank by 327 points to hit day's low of 39,623.53 in intra day. Finally, it closed at 39,756.81, sliding by 193.65 points versus its last close.

The Nifty registered day's high and low at 11,962.45 and 11,866.35 points, respectively.

The sell-off in sectoral indices like Industrial, Telecom, Auto, Capital Goods and Realty dragged the market down on Wednesday, along with scrips of Yes Bank, Maruti Suzuki, Tata Motors DVR, Kotak Bank and

HeroMoto Corp.

While, buying in Tata Steel, ONGC and VEDL capped its further losses, brokers informed.

The broader markets underperformed the Sensex, as the BSE Mid-Cap index and Small-Cap lost by 0.79 per cent and 0.48 pc, respectively.

The market breadth was negative on BSE, as 1,029 shares advanced against 1,482 declined and 168 were unchanged.

Elsewhere in the world, global shares declined on persistent worries over China-US trade war flared up, curbing risk appetite.

The European stocks were trading lower on Wednesday amid ongoing China-US trade tussle, while Asian stocks ended lower.

China's inflation data showed the producer price index in the country rising 0.6 pc year-on-year in May. The consumer price index also rose 2.7 pc year-on-year in the same period.

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CBDT, SEBI sign MoU for data exchange

08 Jul 2020 | 11:04 PM

New Delhi, Jul 8 (UNI) A formal Memorandum of Understanding (MoU) was signed on Wednesday between the Central Board of Direct Taxes (CBDT) and the Securities and Exchange Board of India (SEBI) for data exchange between the two organisations.

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Bharti AXA Life unveils Health and Life Secure with triple benefits amid COVID-19

Bharti AXA Life unveils Health and Life Secure with triple benefits amid COVID-19

08 Jul 2020 | 10:37 PM

New Delhi, Jul 8 (UNI) Leading private insurer Bharti AXA Life Insurance on Wednesday announced the launch of its first-of-its-kind Health and Life Secure, an inclusive protection solution with triple benefits of life cover, hospitalization and critical illness amid COVID19.

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Yatra com partners with Zaggle to offer integrated expense management solutions

08 Jul 2020 | 8:54 PM

Mumbai Jul 8 (UNI) Yatra Online Private Limited, India’s leading online corporate travel platform partnered with Zaggle, a leading FinTech start-up to deliver streamlined, integrated expense automation solutions for corporates and SMEs in India.

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Tech Mahindra to launch Blockchain-based Contracts and Digital Rights Management platform

08 Jul 2020 | 8:53 PM

Mumbai, Jul 8 (UNI) IT major Tech Mahindra on Wednesday announced the launch of a new digital platform, branded as ‘Blockchain based Contracts and Rights Management System’ (bCRMS) for the global media and entertainment industry.

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NMDC’s excellent performance at Bailadila Projects, Chhattisgarh, during lockdown

NMDC’s excellent performance at Bailadila Projects, Chhattisgarh, during lockdown

08 Jul 2020 | 7:40 PM

Hyderabad, Jul 20 (UNI) Bailadila Projects of NMDC at Chattisgarh, the country's largest Navratna mining company, recorded a sharp rise in sales and production in June 2020 as compared to June 2019, despite the lockdown that had been imposed due to the current COVID-19 scenario and was also closed due to various factors for seven days last month.

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