Category: Business

Business

Sensex, Nifty fall in early trade on weak global trends, foreign fund outflows

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File. | Photo Credit: VIVEK BENDRE Benchmark equity indices declined in early trade on August 16 amid weak global market trends and continuous foreign fund outflows. The 30-share BSE Sensex fell 369.03 points to 65,032.89. The NSE Nifty declined 117.35 points to 19,317.20. From the Sensex pack, Bajaj Finance, HDFC Bank, IndusInd Bank, Tata Motors,…

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Rupee falls 29 paise to close at all-time low of 83.11 against U.S. dollar

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File. | Photo Credit: C. Venkatachalapathy The rupee depreciated 29 paise to settle at an all-time low of 83.11 (provisional) against the U.S. dollar on August 14, weighed down by a strong greenback overseas and firm crude oil prices in the international markets. Foreign fund outflows also weighed on the local unit, analysts said. At…

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Business

Domestic air passenger traffic jumps 25% in July

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Image used for representational purpose only. | Photo Credit: The Hindu India’s domestic air passenger traffic volume surged 25% year-on-year to 1.21 crore passengers in July, according to DGCA data released on Monday (August 14). The data from the Directorate General of Civil Aviation (DGCA) showed that domestic carriers flew 97.05 lakh passengers in July…

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Markets bounce back after two days of fall on buying in Reliance, Infosys; firm European equities

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File. | Photo Credit: Paul Noronha Benchmark equity indices bounced back sharply and ended in the positive territory on August 14, helped by fag-end buying in index heavyweights Reliance Industries and Infosys along with a firm beginning in European markets. The 30-share The BSE Sensex climbed 79.27 points or 0.12% to settle at 65,401.92. During…

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Business

Wholesale inflation stays in negative for fourth month at (-) 1.36% in July

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Image used for representational purpose only. | Photo Credit: Reuters The wholesale price based inflation remained in the negative territory for the fourth straight month in July at (-)1.36% on easing prices of fuel, even though food articles turned costlier. The wholesale price index (WPI) based inflation rate has been in the negative since April…

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Sensex, Nifty fall in early trade on weak global trends

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Benchmark equity indices declined in early trade on Monday, August 14, 2023 falling for the third day running, amid weak global market trends and fresh foreign fund outflows. Caution also prevailed in the market ahead of announcement of wholesale and retail inflation numbers for July later in the day. The 30-share BSE Sensex fell 461.48…

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