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July 28, Friday 2017 4:21 AM       

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       BUSINESS Next Article: With GST, India heading towards a transparent tax regime: Modi  
       Sensex slips from record; FMCG, banking weigh
 
         Posted on :15:01:14 Jul 7, 2017
   
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       Last edited on:15:01:14 Jul 7, 2017
         Tags: Sensex slips from record
 

MUMBAI: Market on Friday moved lower from its all-time peak as participants were quick to take profit amid a lacklustre trend overseas.

Stocks of FMCG, capital goods, banking, IT and realty remained subdued.

The 30-share index, which had closed at a record high of 31,369.34 yesterday, was down 56.84 points, or 0.18 per cent at 31,312.50.

The gauge had gained 159.55 points in the previous two sessions.

The broader NSE Nifty too declined 21.55 points, or 0.22 per cent, at 9,653.

US jobs data coming in below par and concerns about a tighter monetary policy gave investors here some anxiety.

Other Asian markets struggled to recover from the current stand-off between the US and North Korea over the latter's missile launch.

Quarterly earnings numbers are due this month. Investors are also tracking monsoon progress ahead of their next move.

The laggards were HDFC Ltd, ICICI Bank, ITC, Tata Motors, Bajaj Auto and Asian Paints, falling by up to 1.10 per cent.

Hong Kong's Hang Seng was down 0.42 per cent while Japan's Nikkei shed 0.14 per cent in their early deals.

Shanghai Composite too lost 0.36 per cent.

The US Dow Jones Industrial Average ended 0.74 per cent lower yesterday.

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       BUSINESS
Next Article: With GST, India heading towards a transparent tax regime: Modi
 
 
BUSINESS HEADLINES
HarperCollins launches business imprint  
Indian banks most at risk among South, S-E Asian peers: Poll  
Rupee surges 21p against dollar after no rate hike by US Fed  
RBI to cut repo rate by 25 bps on Aug 2: HSBC  
China accuses India of 'abusing' trade remedy measures  
Sensex rises 50 pts in early trade on earnings  
'India will emerge as one of biggest markets for IT services  
Nifty tops 10,000 for a moment, Sensex slips from record  
Why has RBI not yet given no. of scrapped notes, asks Oppn  
Rupee softens 5 paise against dollar  
Nifty surpasses 10,000 mark, Sensex up by 102 points in opening trade  
Need examples to deter benami deals, says Jaitley  
Jaitley introduces bill to replace Banking Regulation Ordinance in Lok Sabha  
40% of India's GDP outside GST: Chidambaram  
DeMo, GST to widen tax base, make cash dealing difficult: FM  
Pak may face economic instability if reforms stop: IMF  
UN selects Dubai as data hub for MENASA region  
Nifty ends above 9,900, RIL leads  
Sensex's early rise hits a bump, IT weighs  
Australia to help Sri Lanka combat its worst dengue fever  
Niti panel yet to finalise report on autonomous bodies: Govt  
GST win-win deal for all: Jaitley  
Rupee rallies for 3rd session, hits near 6-week high  
NSSO to conduct survey on drinking water in July 2018  
Cabinet clears draft bill to replace GST ordinances for J&K  
 
P U Chithra issue: Is it fair to blame P T Usha?
yes
 
no
 
don't know
 
 
 
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