Business

Sensex slips over 50 points in early trade on weak global cues

Sensex slips over 50 points in early trade on weak global cues

Business
Updates from :  the Hindu : China lowering its growth forecasts for this year also played in the minds of cautious investors. Equities benchmark Sensex edged lower by over 50 points in early trade on Tuesday, tracking weak global cues amid caution on the U.S.-China trade talks front and concerns over slowing Chinese economy. The 30-share BSE index was trading lower by 0.14%, or 50.71 points, at 36,013.10 in the opening trade. The broader NSE Nifty was also quoted down by 0.13%, or 14.60 points, at 10,848.90. In the Sensex pack, weakness was seen primarily in capital goods, IT and financial counters. Indian equities followed the weak trend prevailing on Asian bourses as investors awaited fresh developments in the China-U.S. trade talks. China lowering its growth forecast
Special trains to clear summer rush

Special trains to clear summer rush

Business
Updates from :  the Hindu : To clear the extra rush of passengers during the summer, the Southern Railway will operate special trains between Ernakulam, Kochuveli and Hyderabad. According to a release, Train No.07118 Ernakulam– Hyderabad Special fare special train will leave Ernakulam Jn at 9.30 p.m on Thursadys between May 2 and June 27 and the train will reach Hyderabad at 10.55 p.m the next day. The train would stop at Aluva, Thrissur, Ottapalam, Palghat, Coimbatore, Tirupur, Erode, Salem, Jolarpettai, Katpadi, Chittore, Tirupaty, Renigunta, Gudur, Nellore, Ongole, Tenali, Guntur, Piduguralla, Nalgonda and Secunderabad. Train No.07116 Kochuveli– Hyderabad Special fare special train will leave Kochuveli at 07.45 a.m on Mondays between May 6 and July 1 and reach Hyderabad at
Rupee gains 2 paise to 71.22 vs $

Rupee gains 2 paise to 71.22 vs $

Business
Updates from :  the Hindu : At the Interbank Foreign Exchange (forex) market, the local unit opened almost flat at 71.23 and stayed in a narrow range. The rupee inched up 2 paise to 71.22 against the $ in early trade on Friday amid a dip in crude oil prices and fresh foreign fund inflows. At the Interbank Foreign Exchange (forex) market, the local unit opened almost flat at 71.23 and stayed in a narrow range. The rupee had skidded by 13 paise to close at 71.24 against the $ on Thursday. Foreign institutional investors (FIIs) net bought equities worth ₹ 55 crore Thursday while domestic institutional investors bought shares to the tune of ₹ 202 crore, provisional data showed. Brent crude futures, the global oil benchmark, was trading 0.25 per cent lower at $ 66.90 per bar
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