Sensex Tanks 293 Points On Weak Asian Cues; Infy Falls 4%

Forex Rate Today Rupee Falls 20 Paise Against US Dollar in Early Trade

According to government data, inflation based on wholesale prices eased marginally to 2.47 per cent in March on cheaper food articles, especially pulses and vegetables.

Wholesale inflation was 2.48% in February and 5.11% in March previous year.

Besides, reflecting further improvement in the economic situation, industrial production grew by a healthy 7.1 per cent in February while the key retail inflation slipped to a five-month low of 4.28 per cent in March, official data showed on Thursday.

The broader NSE Nifty too struggled before ending well above the 10,500-mark. The BSE Sensex rose 113 points, or 0.33 per cent, to close at 34,305 with 20 stocks advancing while 11 declining.

The wider Nifty50 closed higher by 41.50 points or 0.40 per cent to 10,458.65 points, while the Sensex closed at 34,192.65 points, up 91.52 points or 0.27 per cent. The broader Nifty too, opened below a milestone mark - that of 10,400 as it opened 80 points in the red, but had pared nearly the entire loss in morning trade. Intra-day, it hovered between 10,396.35 and 10,540.15.

As of 10:25 am, Infosys shares traded 3.07 per cent lower at Rs 1,135.50.

BSE sectoral indices, led by IT, Teck, oil and gas, PSU, power, infrastructure and banking stocks, declined up to 0.88%.

The major gainers on the BSE were Hero MotoCorp, Kotak Mahindra Bank, Adani Ports, Mahindra and Mahindra and Bajaj Auto, while Tata Motors, Tata Motors (DVR), Infosys, State Bank of India and ONGC were among the main losers. The stock was the biggest contributor to the losses on Sensex.

Among other Asian markets, Hong Kong's Hang Seng shed 1.44 per cent, while Shanghai Composite Index was down 1.05 per cent in early trade.

Related News:

  • China's Weibo backtracks on 'homosexual content' ban

    China's Weibo backtracks on 'homosexual content' ban

    Last month, a Beijing film festival pulled the Oscar-nominated gay-themed film Call Me By Your Name from its calendar without an explanation.
    Batshuayi sees season ended by injury, but World Cup dream remains

    Batshuayi sees season ended by injury, but World Cup dream remains

    The Belgium worldwide , on-loan at Borussia Dortmund from Chelsea , suffered an ankle injury in Sunday's loss to Schalke . Having seen game time limited at Chelsea, a January switch to Dortmund had delivered nine goals in just 15 appearances.
    David Silva celebrates Premier League title triumph with son

    David Silva celebrates Premier League title triumph with son

    Kompany and co. have the opportunity to secure the highest number of wins, points and goals scored in a Premier League season. It's their third title in seven years and they're already heavy favourites to retain their crown next season.
  • Sony Xperia XZ2 Premium arrives with dual cameras and 4K HDR screen

    Sony Xperia XZ2 Premium arrives with dual cameras and 4K HDR screen

    At the moment, Huawei's P20 Pro has the highest ISO of 102400 for photos but that's only available later via a software update. There's also the 960 fps Super Slow Motion mode we saw on the Xperia XZ2 at MWC 2018 , in both 1080p and 720p resolutions.
    Home hopes high for historic U.S.  victory in Boston Marathon

    Home hopes high for historic U.S. victory in Boston Marathon

    The cloud on Hasey's horizon, however, is that she has reportedly been suffering from a foot injury. Jordan Hasay has withdrawn from the Boston Marathon due to a stress reaction in her heel.
    Russia: Syria chemical attack 'fabrication' by foreign power

    Russia: Syria chemical attack 'fabrication' by foreign power

    The Associated Press, citing a Russian media outlet, quoted a top Russian official as likening Trump to Nazi leader Adolf Hitler. Russia's theories about last Saturday's suspected chemical attack are reminiscent of previous contradictions.
  • Karnataka elections: BJP releases second list of 82 candidates

    On Sunday, the Congress announced a list of 218 candidates for the Assembly elections due in Karnataka on May 12. They burned tyres and shouted slogans against party President Rahul Gandhi on a highway near Nelamangala.

    Shire plc (SHPG), Zions Bancorporation (ZION) — Hot Trending Stocks

    The stock of Shire Plc - American Depositary Shares Each Repre (NASDAQ:SHPG) registered a decrease of 34.78% in short interest. Many traders will use a combination of moving averages with different time frames to help review stock trend direction.
    After Syria strikes, Britain's May to face critical parliament

    After Syria strikes, Britain's May to face critical parliament

    He also did not rule out further attacks against Syria if the Assad regime continued the alleged use of chemical weapons. The strikes were in retaliation for a suspected chemical weapons attack in Douma, near Damascus.
  • United Kingdom  joins Syria air strikes in response to chemical attack

    United Kingdom joins Syria air strikes in response to chemical attack

    This massacre was a significant escalation in a pattern of chemical weapons use by that very bad regime. She added: "I think that Parliament should have been recalled before the strike".
    Five uncapped players in Pakistan's Cricket Test squad

    Five uncapped players in Pakistan's Cricket Test squad

    Pakistan are the opponents for Ireland's first Test match in Malahide, with the historic game getting underway on May 11. He was our strike bowler, all the games we've won he played a big part in.
    How do Rockets match up against Timberwolves?

    How do Rockets match up against Timberwolves?

    The Minnesota Timberwolves are averaging 109.5 points on 47.6 percent shooting and allowing 107.3 points on 47.5 percent shooting. Houston Rockets forward/center Ryan Anderson (ankle) is "50-50" to play in Game 1 on Sunday against the Minnesota Timberwolves .


Most liked

#BeyChella: Here's Everything Beyoncé Wore For Her Iconic Coachella Performance
According to a press release, Beyonce's near-two-hour performance spearheaded the release of this educational opportunity.

Messaging App 'Telegram' Has Been Banned In Russia
Other countries to have blocked the app or its services includes Saudi Arabia, Pakistan, Indonesia, and Bahrain. Messenger's refusal to hand over its encryption keys to the FSB provoked the trial in the first place.

Man City eye record books after clinching title
Henceforth, City would eye surpassing Chelsea's record 95 points accumulated in a single season. Thank you for your support all season! "I may be the first one thinking about next season".

United States to punish Russian Federation for supporting Syria
Air strikes by the allies on Saturday hit three targets that Western officials said were linked to chemical weapons development in the Damascus and Homs areas.

'Kingdom Hearts III' minigames riff on pre-smartphone mobile games
If you have participated in discussions about Kingdom Hearts 3 , you must've at least viewed a couple of fan-made endings. Because this falls on a Thursday, it's a tad suspect, since that is not typically when publishers release titles.

'Mass casualty incident' reported at SC maximum security prison
Officials say a lot of them were stabbed or slashed; No officers were wounded, and the names of the dead haven't been released. The maximum-security facility houses about 1,500 inmates, some of South Carolina's most violent and longest-serving offenders.

Monsoon will be Normal This Year, Says Met Department
In 2016, good monsoon has led to record production of oilseeds, food grains and also triggered a 4.2 per cent agriculture growth. The prediction stands at a moderate error estimated of plus-minus 5 per cent of the Long Period Average (LPA).

Mecca Masjid blast verdict: Security stepped up in Hyderabad
Two other accused - Sandeep V Dange and Ramchandra Kalsangra - are absconding while another accused Sunil Joshi had died. March 23, 2017: Hyderabad court has granted Aseemanad bail on condition that he cannot leave Hyderabad and Secunderabad.

Several inmates killed at SC prison after hours of fighting
All prison staff and responding law enforcement were safe after the incident, the South Carolina Department of Corrections wrote. Several fights broke out among inmates in three separate housing units at the Lee Correctional Institution around 7:15 p.m.

Former FBI director James Comey makes shocking claims about Trump
Mr Comey is now promoting his new tell-all book, A Higher Loyalty , which is reportedly very critical of Mr Trump. Fired FBI director James Comey gave an in-depth interview to ABC News that was broadcast on Sunday night.

Police present report on top court judge residence attack
Prime Minister Shahid Khaqan Abbasi has condemn the firing incident, directing the authorities to arrest the elements behind it. The chief justice is monitoring the situation himself, said a statement issued by the apex court shortly after the attacks.

Celtic's Scott Brown Brings Rangers Fans Right Back Down To Earth
Rodgers admitted he had sympathy with his beaten counterpart Graeme Murty after the Ibrox side's landslide defeat. When you play for Celtic or manage Celtic the expectations are huge. "I don't quite see where Rangers are going".

Jon Rahm earns special home win with Spanish Open title
South African George Coetzee surged 31 places through the field to finish fourth with the best round of the day, a 63. World number four John Rahm fired a final round five-under-par 67 to win the Open de Espana in Madrid .

Bartolo Colon, 44, takes flawless game into 8th inning vs. Astros
A fan favorite all around the majors, the beefy right-hander nicknamed "Big Sexy" is on his ninth team in his last 11 seasons. Verlander allowed just one run on a solo shot from Robinson Chirinos in the third inning.

No culprit will be spared PM Modi on Unnao, Kathua rape cases
Claiming that Sweden plays a huge role in India's development, He said, "India and Sweden share warm and friendly ties". The prime minister inaugurated the first phase of the Bastar Internet scheme.