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Key Indian equity indices provisionally close in the green

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SENSEX-

Mumbai, April 13: The key Indian equity indices on Friday provisionally closed marginally higher tracking gains in the global markets, along with healthy buying in metal, healthcare and IT stocks.

However, selling pressure in capital goods, oil and gas, and FMCG stocks trimmed the gains.

At 3.30 p.m., the wider Nifty50 of the National Stock Exchange (NSE) provisionally closed higher by 21.95 points or 0.21 per cent at 10,480.60 points.

The barometer 30-scrip Sensex of the BSE, which opened at 34,167.53 points, closed at 34,192.65 points — up 91.52 points or 0.27 per cent from its previous session’s close.

The Sensex touched a high of 34,313.14 points and a low of 34,103.53 during the intra-day trade.

The BSE market breadth was bullish with 1,491 advances and 953 declines.

“Equity markets continued to go green for the seventh straight session, longest winning streak since November 2017, on the back of gains in index heavyweights such as Reliance Industries and ICICI Bank,” Dhruv Desai, Director and Chief Operating Officer of Tradebulls, said.

Adani Ports, Wipro, Kotak Bank, Coal India and Dr. Reddy’s Lab were the top gainers on the BSE, while State Bank of India, Axis Bank, Bharti Airtel, Yes Bank and Maruti were the top losers on the index.

On the NSE, Adani Ports, Tech Mahindra and Eicher Motors led the gainers, while BPCL, HCL and Bajaj Finserv were the top losers.

On Thursday, the equity indices closed with appreciable gains riding on healthy buying in IT, Teck (technology, media and entertainment) and banking stocks.

The Nifty50 edged higher by 41.50 points or 0.40 per cent to 10,458.65 points, while the Sensex closed at 34,101.13 points — up 160.69 points or 0.47 per cent.

IANS

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Sensex swings 1,500 points, closes 280 points lower

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Sensex equity Nifty

Mumbai, Sep 21: High volatility, following a likely credit crisis in the infrastructure lending and development sector, dragged the market in the red, with the S&P BSE Sensex swinging in around 1,500-point range on Friday.

A plunge of over 1,100 points was witnessed on the BSE Sensex around 1 p.m, only to recover from the day’s low within few minutes. Similarly, the NSE Nifty50 also recovered after dropping below the 11,000-mark.

The sudden sell-off took place across the board with banking and financial stocks losing the most.

At 3.30 p.m, the wider NSE Nifty50 provisionally closed at 11,143.10 points, lower 91.25 points or 0.81 per cent from the previous close of 11,234.35 points.

The BSE Sensex, which had opened at 37,278.89 points, provisionally closed at 36,841.60 points, lower 279.62 points or 0.75 per cent from the previous close of 37,121.22 points.

The Sensex touched an intra-day high of 37,489.24 points and a low of 35,993.64 points.

The fourth consecutive session’s slide was triggered also by other factors, including lower possibility of the Reserve Bank of India cutting its key lending rates, analysts said.

IANS

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Man finds insect in cake at Ikea Hyderabad store, Tweets video

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IKEA Cake insect
The photo tweeted by the customer who bought a cake at IKEA's Hyderabad restaurant.

Hyderabad, Sep 21: Swedish furniture major IKEA’s first ever store in India in Hyderabad has again landed in controversy. Weeks after a customer had complained about finding a caterpillar in his biryani, ordered at Ikea’s store in Hyderabad, another customer has said that he found an insect in a chocolate cake that he ordered at the Ikea store.

The customer, Kishore, tweeted on September 12 that he found the insect inside a slice of chocolate cake while his daughter was eating the dessert at the IKEA store. He also posted a video in which an insect can be seen crawling over the chocolate cake.

The Greater Hyderabad Municipal Corporation has reportedly fined the Swedish furniture major Rs. 5,000 based on Kishore’s complaint.

IKEA on Thursday expressed regret over the incident. “In our Hyderabad restaurant when a customer was eating a chocolate cake which he bought, a fly was seen on the cake which eventually flew away. We regret this and apologise to our customer for the unfortunate experience. We are taking steps to avoid such occurrences,” an IKEA spokesperson said.

This is the second such incident that happened at the Ikea Hyderabad store that was opened on August 9. On September 2, a customer reported a caterpillar in the vegetable biryani supplied to him. Ikea India subsequently took vegetable biryani and samosa off its menu and apologised to the customer.

Read More: IKEA stops selling biryani, samosa after complaint

In the incident of the caterpillar in biryani, the furniture giant was fined Rs. 11,500 by the Hyderabad civic agency.

IKEA opened its first India store in Hyderabad on August 9. It has a 1,000-seater restaurant that serves a wide range of food, from Swedish to Indian snacks.

WeForNews

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Petrol price hiked again

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Petrol Price

Sep 21 :No respite from petrol price hike as petrol on Friday has been increased by Rs 0.9 and was being sold at Rs 89.69 per litre while in Delhi petrol price stands at Rs.82.32 per litre.

Union Petroleum and Natural Gas Minister Dharmendra Pradhan had blamed international factors for the hike in the prices of petroleum products.

As in Chennai it is being sold at Rs. 85.48 per litre. Diesel prices stood at Rs 73.87/litre in Delhi, whereas in Mumbai it is 78.42/litre.

Meanwhile, a litre of petrol in Chennai was increased by 7 paise to be sold at Rs 85.48.

 

Delhi has the cheapest fuel rates among all metros and most state capitals because of lower taxes. Mumbai has the highest sales tax or Value Added Tax (VAT).

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