Sensex, Nifty open lower, Bharti Airtel rallies, rupee falls

25 April, 2018, 15:15 | Author: Franklin Nunez

The NSE Nifty was up 23.90 points, or 0.22 per cent, to 10,608.60.

Shares of Indiabulls Housing Finance Company gained as much as 2.1 per cent to Rs 1,385 on strong Q4 profit. MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.7 per cent to its lowest in nearly three weeks, with tech-heavy Taiwan shares hitting two-month lows on worries about slowing semi-conductor demand.

While the Sensex fell over 115 points to 34,501, the Nifty ended 43 points lower at 10,570 today.

The BSE metal index fell 1.5 per cent.

In Iran-Israel Tension, Netanyahu Warns of 'Heavy Price'
The Iranian regime - not the Iranian people - continues to support terror and hatred and to endanger world's security. Netanyahu appealed to the foreign diplomats by calling Iran an enemy of the entire worldwide community.

In the Asian region, Japan's Nikkei fell 0.65 per cent, Hong Kong's Hang Seng shed 1.07 per cent in early trade.

Meanwhile, domestic institutional investors (DIIs) bought shares worth a net Rs 387.26 crore, while foreign portfolio investors (FPIs) sold shares worth Rs 259.08 crore yesterday, provisional data released by the stock exchanges showed.

Benchmark indices on Wednesday opened lower tracking weak global cues. The 30-share index was trading higher at 34,585.45 at 1100Hrs, reflecting a gain of 119.85 points, or 0.35 per cent.

The rupee depreciated 21 paise to 66.59 against the United States dollar today at the interbank foreign exchange due to appreciation of the greenback amid rising USA bond yields and surge in global crude oil prices.

What Nick Saban said about Jalen Hurts' A-Day performance
Quinnen Williams says that the team has put forth more effort to be more like the 2016 defense that tailed a total of 54 sacks. Hurts was the lone quarterback under the microscope on Saturday, but it's unlikely to stay that way.

Among BSE sectoral indices, realty, IT, TECk and healthcare remained investors' favourite, while metal, infrastructure, consumer durables and FMCG succumbed to selling pressure.

The major Sensex gainers on Tuesday were: RIL, up 3.70 per cent at Rs 969.75; Yes Bank, up 3.31 per cent at Rs 323.40; M&M, up 1.94 per cent at Rs 838.45; Adani Ports, up 1.74 per cent at Rs 391.95; and ICICI Bank, up 1.66 per cent at Rs 284.20.

Anand James, Chief Market Strategist, Geojit Financial Services, said: "Earnings positivity and buoyancy in the Asian and European peers led the market further higher, despite negative closing in the U.S. towed by higher bond yields and fall in technology stocks".

Bon-Ton, parent company of Herberger's, appears headed toward liquidation and closure
It previously operated stores at Destiny USA in Syracuse, Great Northern Mall in Clay and ShoppingTown Mall in DeWitt. Employees at the Olean store declined to comment Thursday, recommending questions be sent to a corporate official.

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