Sensex drops 232 points on rupee slipping to 4-month low
24 September, 2017, 00:56 | Author: Samuel Sharp
US President Donald Trump is "mentally deranged" and will "pay dearly" for his threat to destroy North Korea, the communist country said on Friday as its foreign minister hinted that the regime may explode a hydrogen bomb over the Pacific Ocean.
At 10.15 a.m., the 30-share BSE index Sensex was down 282.47 points or 0.87 per cent at 32,087.57 and the 50-share NSE index Nifty was down 103.8 points or 1.03 per cent at 10,018.10. It had lost 53.72 points in the previous three days.
The Nifty started the week at 10,133.10 and marked new life highs at 10,178.95 and a low of 9,952.80.
Indian shares fell 1 per cent on Friday, while the rupee hit its weakest point since early April amid concerns that the government's plan for a stimulus to halt an economic slowdown may have a negative impact on the fiscal deficit. The Nikkei 225 index lost 0.25 percent, or 51.03 points, to close at 20,296.45, while the broader Topix index also ended down 0.25 percent, or 4.13 points, at 1,664.61.
Weak Asian cues after China's sovereign rating was downgraded by agency on fears over its ballooning debt and sustained foreign fund outflows, too negatively impacted sentiments, they added.
Sun Pharma, Cipla, Wipro and HCL Tech were the major gainers while Hindalco, Yes Bank, ICICI Bank and Coal India were the major losers.
"Domestic markets became nervous after the US Federal Reserve outlined plans to unwind its $4.2 trillion balance sheet starting next month", D.K. Aggarwal, Chairman and Managing Director, SMC Investments and Advisors, told IANS.
The rupee today dropped by 31 paise to a four-month low level of 65.12 against the USA dollar on frenetic dollar demand from importers and banks. The rupee was in a sticky spot in the beginning, which dropped to a near six-month low against the dollar during the day on liquidity concerns after the US Fed said it will roll back its massive stimulus and speculation of a widening fiscal deficit.
Nifty Metal index melted up to 3 per cent, with Jindal Steel & Power plunging over 6 per cent.
Provisional figures from the stock exchanges showed that FIIs continued with their selling spree and off-loaded stocks worth Rs 5,448.66 crore during the week.
Jason Maloni , a spokesman for Manafort, described the emails as containing "innocuous" attempts by Manafort to collect debts. The backstory here relates to Manafort's finances and long business relationship with Deripaska, the billionaire in question.
An endorsement from a former rival could give an anti-establishment Republican a boost in Alabama's upcoming Senate runoff. I support freedom of worship and the recognition of that God upon Whom we have always relied in peace and war.
North Korea was in the front row for Trump's speech, because the United Nations uses a lottery system to determine seating. Trump said Tuesday that North Korean leader Kim Jong-Un was "on a suicide mission for himself and for his regime".
But the ban on textiles - Pyongyang's second-biggest export - is expected to cost the country more than $700m (£530m) a year. North Korea has said it intends to build a missile capable of striking all parts of the United States with a nuclear bomb.
The US is "disseminating the fraudulent claim that the sanctions and pressure are geared to the so-called peaceful solution". Trump is expected to announce additional sanctions about North Korea on Thursday over its nuclear weapons program.
Mattis explained the recent threats by North Korea and how the U.S. will deal with the alleged threats to them and their allies. "We have to look at that capability of North Korea as a matter of when, not if", Hyten, commander of U.S.
Ceballos received a pass from Marco Asensio , fought through a tackle, and shot just inside the post for the opener. Father and son will be reunited, albeit on opposite sides of the ball, when Madrid visits the Basque Country club.
Bhatt also stated that the trend of infiltration along the LoC continued with support of Pakistani forward posts. Numerous affected are seriously injured and the casualties are likely to rise, the FO said.
Romelu Lukaku scored the only goal as Manchester United clinched a hard-fought 1-0 win over Southampton at St Mary's Stadium. While we're assuming that Christensen has that job, that means that one of Cahill or Rudiger would have to miss out.
Iowa Secretary of State Paul Pate says the federal government contacted his office Friday to confirm the attempt. Our system had previously identified these IP addresses scanning our system and blocked them.
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American soul singer Charles Bradley dies aged 68
The soul singer Charles Bradley , one of the most joyful and powerful contemporary vocalists in his genre, died Saturday morning. Bradley was diagnosed with stomach cancer a year ago and beat the cancer, but it came back recently and spread to his liver.
India, China will reshape world, says Rahul Gandhi
It is a deeper problem, so we have to first accept it as a problem and then we have to unite at solving it. However, he stressed that despite " Make In India " being a good idea, it's targeting is not quite right.
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And your voice and your song and your presence here is that light at the end of the tunnel. "I don't know. Harvey then told host Tyra Banks , "There's really not much you can do if you stay on the ground".
NATO condemns United Nations nuclear weapon ban treaty
Costa Rican President Luis Guillermo Solis said supporters of the treaty regretted the nuclear-armed nations' position. Scores of police were soon on the scene but did not appear to be intent on brining the protest to a quick end.