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Selling pressure pulls equity markets lower

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Mumbai, 16 Nov 2016 : The Indian equity markets on Wednesday provisionally closed on a flat note due to heavy selling pressure witnessed during the second half of the session.

The key equity indices receded under the selling pressure in healthcare, consumer durables and banking stocks.

Earlier, in the day’s trade the equity markets made gains on the back of positive global indices, coupled with higher crude oil prices and value buying in selective counters.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) inched up by 3.15 points or 0.04 per cent to 8,111.60 points.

On the other hand, the barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,508.94 points, provisionally closed at 26,298.69 points (at 3.30 p.m.) — down 5.94 points or 0.02 per cent from the previous close at 26,304.63 points.

The Sensex touched a high of 26,621.40 points and a low of 26,239.21 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bears — with 1,547 declines and 1,055 advances.

On Tuesday, the Indian equity markets had plunged due to rupee depreciation, foreign fund outflows and an anxiety over the impact of the demonetisation move.

The barometer index had declined by 514.19 points or 1.92 per cent, while the NSE Nifty receded by 187.85 points or 2.26 per cent.

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PDP chief Mehbooba Mufti released from detention after 14 months

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Jammu, 13 Oct : Former Jammu and Kashmir chief minister and Peoples Democratic Party (PDP) leader Mehbooba Mufti was on Tuesday released from detention. “PDP chief Mehbooba Mufti is being released from detention,” said Jammu and Kashmir administration spokesperson Rohit Kansal.

A government order issued on Tuesday night said her detention was being revoked with immediate effect.

The Jammu and Kashmir administration in July had extended her detention by three months under the stringent Public Safety Act (PSA).

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Cinemas, theatres, multiplexes to open with up to 50% seating capacity from Oct 15

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Swimming pools for training of sportspersons to open with SOP from Oct 15

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SAD breaks alliance with BJP Leaves NDA in protest against farmers ordinance

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Chandigarh, 26 Sep : The Shiromani Akali Dal (SAD) has severed its alliance with the BJP. The Akali Dal had a 22-year-old alliance with the BJP.

The decision was taken after a meeting of the Akali Dal’s Kaur Committee which lasted for more than four hours today. Mr. Sukhbir Singh Badal addressed the press after the meeting and announced that he would no longer be a part of BJP-NDA.

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