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Weak global cues drag Indian equities lower

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Mumbai, 20 Dec 2016 : Weak global indices, coupled with foreign fund outflows and a flat rupee, dragged the Indian equity markets lower on Tuesday.

The key indices traded in the red during the mid-afternoon trade session, as heavy selling pressure was witnessed in banking, automobile and healthcare stocks.

The wider 51-scrip Nifty of the National Stock Exchange (NSE) slipped by 28.75 points or 0.35 per cent to 8,075.60 points.

The barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 26,374.56 points, traded at 26,293.26 points (at 2.00 p.m.) — down 81.44 points or 0.31 per cent from the previous close at 26,374.70 points.

The Sensex has touched a high of 26,435.56 points and a low of 26,241.43 points during the intra-day trade so far.

The BSE market breadth was skewed in favour of the bears — with 1,705 declines and 740 advances.

According to Dhruv Desai, Director and Chief Operating Officer of Tradebulls, the CNX Nifty traded with bearish sentiments due to selling pressure.

“Banking, pharma, auto, oil-gas, textile and aviation stocks traded with bearish sentiments, whereas media-entertainment, FMCG and power stocks traded with mixed sentiments,” Desai said.

“Indian equity markets are likely to trade with volatile sentiments during the second half of the session due to short covering.”

On Monday, the barometer index closed lower by 114.86 points or 0.43 per cent, while the NSE Nifty inched down by 35.10 points or 0.43 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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