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August 20, Sunday 2017 3:27 PM       

       HEADLINES: Gadgil slams Athirappilly project                                              Three run over by train in Alappuzha                                              Hashish oil of 20 crore seized in Idukki                                              Chennithala seeks Minister Shylaja’s resignation                                              Yogi takes dig at Rahul, says Gorakhpur isn’t 'picnic spot'                                              Nitish Kumar-led JD(U) passes resolution to join NDA                                              Final decision by Monday: OPS on AIADMK merger                                              Muzaffarnagar train derailment: 11 killed, over 30 injured                                              Rahul Gandhi meets Gorakhpur tragedy victims' kin, assures help                                              14 dead in twin attacks as Spanish police launch manhunt                                              Afghanistan celebrates 98 years of Independence                                              Charlottesville violence: Donald Trump's arts council quits                                              Spain: 'Level 4' threat alert post Barcelona terror attack                                              Indonesia begins countdown to 2018 Asian Games                                              Some felt Kumble was strict but not me, says Wriddhiman Saha                                              HCA not following Lodha panel recommendations: Azharuddin                                              Nadal returns to No. 1 with heavy heart over Barcelona                                              Mirza, Bopanna crash out of Cincinnati                                              Kaumudi Facebook
       BUSINESS Next Article: Travel, trade to resume on Srinagar-Muzzaffarabad route  
       Markets suffer from more losses as bank, metal lead selling
 
         Posted on :16:41:11 Aug 3, 2017
   
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       Last edited on:16:41:11 Aug 3, 2017
         Tags: Markets suffer from more losses as bank, meta
 
Mumbai: Stock markets moved down for the second session today as the Sensex ended with a loss of 239 points as banking, realty and metal stocks struggled owing to concerns over the direction of the monetary policy.
 
The Reserve Bank yesterday cut the repo rate by 25 basis points to 6 per cent, but pinned future action on more economic data.
 
Interest-rate sensitive stocks - banking, realty and auto - continued their slide as the RBI policy action failed to impress investors.
 
The 30-share index ended down 238.86 points, or 0.74 per cent, at 32,237.88 after hitting a low of 32,194.58. The gauge had lost 98.43 points yesterday.
 
The Nifty slumped by 67.85 points, or 0.67 per cent, but managed to close above the 10,000-mark at 10,013.65 after touching a low of 9,998.25.
 
The rupee, which strengthened further against the dollar to trade at a fresh two-year high of 63.56 (intra-day) in the forex market, failed to boost sentiment.
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       BUSINESS
Next Article: Travel, trade to resume on Srinagar-Muzzaffarabad route
 
 
BUSINESS HEADLINES
US law firms initiate investigation against Infosys  
Infosys board approves up to Rs. 13,000 cr buyback offer  
RBI to issue new fluorescent blue Rs 50 notes  
PM to launch Rs 15k-cr road projects in Rajasthan  
Sikka quits Infosys after Murthy campaign  
Nifty snaps 3-day winning spree, down 67 pts  
Maruti rolls out sporty 'Ciaz S' at Rs 9.39 lakh  
RBI still has room to slash rate in current fiscal: Kidwai  
Our full sympathy with agitating Noida home buyers: FM  
Videocon names Rajesh Rathi as business head  
Sensex surges 235 pts as geo-political tensions ease  
Sensex jumps 191 points, ignores weak IIP data  
Trai website to soon display telcos' tariff plans: Sharma  
NPA resolution to spur credit expansion, growth: Panagariya  
Sensex, Nifty snap 5-week winning streak on profit-booking  
200 Indian business reps see great investment opportunities in Kazakhstan  
FICCI for substantial slash in policy rates by RBI  
Kochi Shipyard makes strong market debut after $225 million IPO  
Gold tops Rs 30,000-mark, spurred by safe haven appeal  
Govt has not written off single rupee of corporate loans: FM  
Sensex losses mount on global sell-off, dives 336 pts  
Def Min wants non-lapsable capital fund; writes to finance min  
Parijat Industries builds war chest of international trademarks in 45 countries  
Sensex closes at 1-mth low, hit by losses for 4th day  
Rupee wobbles on global tensions, dives 21 paise to 63.84  
 
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