Sensex down 43 points in early trade
The BSE benchmark index Sensex declined by over 43 points in early trade today on profit-booking by speculators after recent gains, amid mixed trend at the Asian markets.
The 30-share barometer, which had gained over 190 points in the previous two sessions, fell by 43.04 points, or 0.25 per cent, to 16,853.59 with stocks of oil and gas, metal, and banking sectors succumbing to profit-booking.
Similarly, the wide-based National Stock Exchange index Nifty declined by 14.10 points, or 0.28 per cent, to 5,106.45.
Brokers said besides booking of profit by participants at prevailing levels, mixed trend on Asian bourses following overnight weakness on the US market despite Federal Reserve extending stimulus measures for six months to boost the flagging economy, influenced the sentiment here.
In the Asian region, Hong Kong's Hang Seng index fell by 0.25 per cent, while Japan's Nikkei Index edged up by 0.96 per cent. The US Dow Jones Industrial Average ended 0.10% lower on Wednesday.
Enter your email to get our daily newsletter in your inbox
- Officials are worried that technical permitting decisions are being placed in the hands of political appointees, rather than expert regulators in the field. And they’re concerned permits -- or simply changes to them -- will be delayed for existing drilling operations.
- ED's money laundering probe in the PMC Bank case began after the Mumbai police registered a criminal case in September 2019 against HDIL, its promoters Rakesh Wadhawan and Sarang Wadhawan among others.
- Keeping chip production in-house may be bad for Intel because its manufacturing technology has fallen behind Taiwan Semiconductor Manufacturing Co., which makes chips for many of Intel’s rivals. If the US company can’t catch up, its products will become less competitive, lose sales and market share.
- Iran has been subject to tough US sanctions since 2018, when the administration of then-President Donald Trump unilaterally withdrew from an international deal that restricted the Middle Eastern country’s nuclear activities. Its crude production was below 2 million barrels a day for most of 2020.