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Budget expectations, rupee appreciation lift equities

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Mumbai, 10 Jan 2017 : Positive expectations from the upcoming Union Budget, along with appreciation in the rupee and higher crude oil prices, lifted Indian equity markets during the late afternoon trade session on Tuesday.

Healthy buying was witnessed in the automobile, metal and capital goods’ stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) edged up by 45.75 points or 0.56 per cent to 8,281.80 points.

The barometer 30-scrip sensitive index (Sensex) of the BSE, which opened at 26,811.63 points, traded at 26,875.22 points (at 3.00 p.m.) — up 148.67 points or 0.56 per cent from the previous close at 26,726.55 points.

The Sensex has so far touched a high of 26,914.95 points and a low of 26,804.17 points during the intra-day trade.

The BSE market breadth was tilted in favour of the bulls — with 1,612 advances and 1,123 declines.

On Monday, profit booking, coupled with rupee depreciation subdued the Indian equities markets.

The NSE Nifty had inched down by 7.75 points or 0.09 per cent to 8,236.05 points, while BSE Sensex receded by 32.68 points or 0.12 per cent to 26,860.81 points.

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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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