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Sensex slips 106 points on inflation, coronavirus worries
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Top Stories |
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SME Times News Bureau | 13 Feb, 2020
Indian markets closed lower on Thursday along with major world indices
over a sharp rise in coronavirus-related deaths in China. Increase in
retail inflation and prices of LPG cylinder also dampened the investors'
mood further.
China's Hubei province, the epicentre of the coronavirus outbreak, reported 242 new deaths, double the previous day's toll.
The overall toll due to the deadly coronavirus outbreak in China has reached 1,367.
The
Sensex closed 106 points lower at 41,459.79 after falling as much as
41,338.31 earlier in the day and the broader Nifty settled at 12,174.65
lower by 26.55 points. Banks and financial sectors stocks closed sharply
lower, with ICICI Bank, Kotak Bank and HDFC Bank featuring as the top
Nifty losers.
Vinod Nair of Geojit Financial Services said:
"Spike in new coronavirus cases reported across the globe and rise in
inflation level for January held markets flat as investors awaited for
more cues. Consumer price inflation indicated a prolonged pause in the
interest rate from RBI as rise in core inflation from 3.5 per cent to
4.2 per cent came as a surprise which is expected to impact
rate-sensitive stocks."
Meanwhile, investors seemed to have
ignored rating downgrade by India Ratings and postponement of its
December quarter results after Yes Bank said it is in talks with JC
Flowers, one of the world's largest distressed asset investors to raise
funds.
The shares of Yes Bank on the BSE advanced over 6 per cent
on Thursday, a day after the company said it had received non-binding
expressions of interest (EoIs) from the likes of J.C. Flowers and Co.
LLC, Tilden Park Capital Management LP, OHA (UK) LLP and Silver Point
Capital.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
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84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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