Sensex down over 450 points; rupee breaches 65 again

August 27, 2013

Rupee_breaches

Mumbai, Aug 27: The BSE benchmark sensex was down by over 450 points in the late morning session on Monday on fresh selling pressure due to sharp fall in rupee value and lower global advices coupled with capital outflows by foreign funds.

Shares of banking, realty, PSU, metal, auto, refinery and capital goods sectors declined on heavy selling pressure.

The sensex resumed lower at 18,460.72 and dropped further to a low of 18,281.61 before quoting at 18,301.61 at 10.30am, showing a loss of 256.52 points, or 1.38 per cent, from its last close.

It was down 474 points at 11.45am.

The NSE 50-share Nifty also moved down by 81.75 points, or 1.49 per cent, to 5,394.75 at 10.30am.

The NSE was down 142 points at 11.45am.

Major losers were HDFC Bank (4.34 per cent), HDFC (4.19 per cent), M&M (2.55 per cent), ONGC (2.48 per cent), Coal India (2.47 per cent), Sun Pharma (2.24 per cent), Maruti Suzuki (2.17 per cent), Hindalco Ind (2.01 per cent), BHEL (1.82 per cent) and SBI (1.81 per cent).

Foreign institutional investors (FIIs) sold shares worth a net Rs 607.43 crore on Monday as per provisional data from the stock exchanges.

Asian stocks fell in early trade after US secretary of state John Kerry said the American president will hold Syria's government accountable for using chemical weapons against Syrian civilians. Key benchmark indices in China, Singapore, Taiwan, Hong Kong, Indonesia and Japan fell by 0.19 per cent to 1.92 per cent while South Korea's Kospi rose 0.29 per cent.

Rupee plunges further to 65.37

The rupee, meanwhile, continued its decline in the late morning session and was last trading at 65.37 against the dollar on heavy month-end dollar demand from importers amid sharp fall in domestic equity market.

The rupee resumed lower at 65.00 per dollar as against the last closing level of 64.30 at the Interbank Foreign Exchange (Forex) Market and dropped further to a low of 65.44 against the US currency before quoting at 65.37 per dollar at 10.40am, showing a loss of 107 paise or 1.66 per cent.

It moved in a range of 65.00 and 65.44 per dollar during the morning deals.

Persistent month-end dollar demand from importers mainly oil-refiners amid sustained foreign capital outflows from the equity market pulled down the rupee value, a forex dealer said.

In the global market, the US dollar slipped against the euro and the Japanese yen in their early trade as concerns about possible US military action against Syria added to existing uncertainty over Federal Reserve policy.

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News Network
May 25,2020

Domestic flights resumed operations on a truncated schedule on Monday with the first aircraft departing from the Delhi Airport for Pune, more than two months after a nationwide lockdown was announced to combat COVID-19.

The first flight to take off was an IndiGo aircraft to Pune, flying passengers stranded in the national capital since the lockdown was announced on March 24.

Passengers were screened at the airport with electronic thermometers, and revised protocol for air travel that included santisation of luggage through ultra-violent scanners, and maintaining physical distancing.

Only asymptomatic passengers were allowed to enter the airport.

Passengers were also seen wearing face masks and face shields given to them at the embarkation point by the airline to minimise the chances of infection while onboard.

The first flight arrived at Delhi Airport from Ahmedabad – a SpiceJet aircraft – at around 8:00 am.

BJD Lok Sabha member Anubhav Mohanty was among those who took the Air Vistara flight to Bhubaneshwar that departed Delhi airport at 6:50 am.

The first flight to take off from Mumbai was an IndiGo aircraft that departed for Patna at 6:45 am, while passengers from Lucknow were the first to reach the financial capital on an IndiGo aircraft that touched down at 8:20 am.

The food & beverage and retail outlets, which were closed for the past 63 days, opened at Terminal 3 of Delhi’s Indira Gandhi International (IGI) Airport.

The flight services resumed after a day of long and hard negotiations between the Centre and the states on Sunday.

All states finally agreed to accept at least some flights but announced different quarantine and self-isolation rules for arriving passengers to address apprehension about infections being brought in from other cities.

The Centre had issued guidelines for all modes of domestic travel that advised all asymptomatic passengers to self-monitor their health parameters for 14 days on completion of the journey and report to health authorities if they displayed any symptoms for COVID-19.

However, the Centre had allowed state governments to prescribe their own health protocols for disembarking passengers which led to differential guidelines across the country.

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News Network
April 2,2020

Chandigarh, April 2: A 59-year-old woman and her 10-month-old granddaughter have tested positive for novel coronavirus in Chandigarh on Thursday.

According to the Chandigarh Health Department, they are family contacts of the NRI couple that tested positive for COVID-19 earlier.
With this, the total cases in the Union Territory rose to 18.

The total number of confirmed COVID-19 cases in the country climbed to 1,965 on Thursday, after as many as 328 new cases were reported, said the Union Ministry of Health and Family Welfare. So far, at least 50 people have lost their lives due to the virus.

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Agencies
January 9,2020

Kashmir, Jan 9: US Ambassador to India Kenneth I Juster along with envoys from 15 other countries arrived in Srinagar on a two-day visit to Jammu and Kashmir on Thursday, the first visit by diplomats since the abrogation of the erstwhile state's special status in August last year.

The Delhi-based envoys arrived in Srinagar by a special chartered flight at Srinagar's technical airport where top officials from the newly carved out union territory received them, officials said.

Later in the day, they would be going to Jammu, the winter capital of the newly created Union Territory, for an overnight stay. They will meet Lt Governor G C Murmu as well as civil society members, they said.

Besides the US, the delegation will include diplomats from Bangladesh, Vietnam, Norway, Maldives, South Korea, Morocco, and Nigeria, among others.

Brazil's envoy Andre Aranha Correa do Lago was also scheduled to visit Jammu and Kashmir. However, he backed out because of his preoccupation here, the officials said on Wednesday.

Envoys from the European Union (EU) countries are understood to have conveyed that they will visit the union territory on a different date and are also believed to have stressed on meeting the three former chief ministers -- Farooq Abdullah, Omar Abdullah and Mehbooba Mufti -- who are under detention.

Officials said envoys of several countries had requested the government for a visit to Kashmir to get a first-hand account of the situation in the Valley following the August 5 decision to abrogate provisions of Article 370 and bifurcate it into two union territories, Jammu and Kashmir, and Ladakh.

This is the second visit of a foreign delegation to Jammu and Kashmir since August 5. Earlier, Delhi-based think tank International Institute for Non-Aligned Studies, a Delhi-based think tank took 23 EU MPs on a two-day visit to assess the situation in the union territory.

The government had distanced itself from the visit with Minister of State for Home G Kishan Reddy informing Parliament that the European parliamentarians were on a "private visit".

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