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US stocks fall amid downbeat data US stocks fall amid downbeat data

New York,  US stocks finished lower on Thursday as investors pored through a slew of economic data.

The Dow Jones Industrial Average decreased 147.63 points, or 0.58 per cent, to 25,400.64. The S&P 500 was down 6.4 points, or 0.21 per cent, to 3,029.73. The Nasdaq Composite Index fell 43.37 points, or 0.46 per cent, to 9,368.99, Xinhua reported.

Six of the 11 primary S&P 500 sectors closed lower, with energy down 2.91 per cent, the worst-performing group. Utilities rallied 3.04 per cent, outperforming the rest.

US stocks fall amid downbeat data US stocks fall amid downbeat data

New York,  US stocks finished lower on Thursday as investors pored through a slew of economic data.

The Dow Jones Industrial Average decreased 147.63 points, or 0.58 per cent, to 25,400.64. The S&P 500 was down 6.4 points, or 0.21 per cent, to 3,029.73. The Nasdaq Composite Index fell 43.37 points, or 0.46 per cent, to 9,368.99, Xinhua reported.

Six of the 11 primary S&P 500 sectors closed lower, with energy down 2.91 per cent, the worst-performing group. Utilities rallied 3.04 per cent, outperforming the rest.

Aus media giant announces closure of over 100 print titles Aus media giant announces closure of over 100 print titles

Canberra,  News Corp Australia on Thursday announced the closure of more than 100 regional and community print titles as part of a major restructure aimed at cutting costs and moving to digital publishing in the wake of the COVID-19 pandemic.

In a statement, the media giant said the bulk of its regional and community papers will go digital from June 29, reports Xinhua news agency.

Equity indices reverse all gains to end in red Equity indices reverse all gains to end in red

New Delhi,The domestic stock market gave up all its gains on Tuesday to end in negative territory.

The BSE Sensex which surged over 400 points earlier in the day to cross the 31,000 mark, eventually ended at 30,609.30. The Nifty50 on the National Stock Exchange also closed marginally lower than its previous close.

Rahul Sharma, Head of Research, Equity99 Advisors said that profit booking was witnessed in the mid-trading session and traders were seen winding up long positions in technology and pharma stocks ahead of the monthly derivatives expiry

Equity indices reverse all gains to end in red Equity indices reverse all gains to end in red

New Delhi,The domestic stock market gave up all its gains on Tuesday to end in negative territory.

The BSE Sensex which surged over 400 points earlier in the day to cross the 31,000 mark, eventually ended at 30,609.30. The Nifty50 on the National Stock Exchange also closed marginally lower than its previous close.

Rahul Sharma, Head of Research, Equity99 Advisors said that profit booking was witnessed in the mid-trading session and traders were seen winding up long positions in technology and pharma stocks ahead of the monthly derivatives expiry

FWICE plea to Maharashtra CM: Let us resume post-production work FWICE plea to Maharashtra CM: Let us resume post-production work


Mumbai, The Federation of Western India Cine Employees (FWICE) wrote a letter to Maharashtra Chief Minister Uddhav Thackeray on Tuesday, seeking permission for resume post-production work in the media and entertainment industry.

The letter, signed by Ashoke Pandit, chief advisor of FWICE, reads: "With reference to the subject matter, we would like to bring to your kind notice that there are numerous projects of the media and entertainment industry which are halted due to lockdown and

40-day lockdown to inflict $320bn loss on Indian economy: Report 40-day lockdown to inflict $320bn loss on Indian economy: Report

New Delhi, The COVID-19 pandemic is expected to hit Indian economy with about $320 billion in terms of daily gross domestic product (GDP) loss after 40 days of lockdown, said a report.

The daily GDP of India is estimated to be approximately $8 billion.

The impact has been severe on the travel and mobility sector with unicorns such as OYO, Ola, MakeMyTrip seeing massive revenue decline, said the report from DataLabs by Inc42.

Facebook adds new 'care' emoji reaction Facebook adds new 'care' emoji reaction

San Francisco, Facebook has rolled out a new 'Care' reaction on Facebook desktop and app to help people share their support during the COVID-19 pandemic.

The social media giant is gradually rolling out the care emoji to users. A number of people have already received the new emojis, however, for the majority of users, they will start appearing over the next few days.

US dollar dips in volatile trading US dollar dips in volatile trading

New York, The US dollar extended losses in volatile trading on Thursday as market participants rebalanced their portfolios and continued to digest the Federal Reserve's policy update.

The dollar index, which measures the greenback against six major peers, slipped 0.55 per cent at 99.0248 in late trading.

In late New York trading, the euro rose to $1.0951 from $1.0870 in the previous session, and the British pound rose to $1.2599 from $1.2450 in the previous session. The Australian dollar decreased to $0.6523 from $0.6540, Xinhua reported.

Rupee hits new low of 76.91 a dollar Rupee hits new low of 76.91 a dollar


Mumbai,  Rupee slumped to a new low of 76.91 per dollar on Wednesday on the back of a broad-based strength of the greenback.

Weakness in the oil prices and volatility in the global and domestic stock markets weighed on the factors behind depreciation of the Indian currency.

Australia wants Facebook, Google to pay news media for using their content Australia wants Facebook, Google to pay news media for using their content

Sydney, The government has ordered the Australian Competition and Consumer Commission (ACCC) to develop a mandatory code of conduct for Facebook and Google that will force the tech giants to pay media companies for using their content.

According to a report in ABC News on Monday, the competition watchdog has been tasked with creating a "lever-playing fiend" for the traditional news media which is currently bearing the brunt of coronavirus (COVID-19) pandemic like elsewhere in the world.

After spectacular rally use correction to re-enter After spectacular rally use correction to re-enter

 
The week at the markets consisted of a mere three days as there were religious holidays on Monday and Friday. It was a great time at the bourses as they registered big gains and improved the sentiment. BSE SENSEX gained 3,568.87 points or 12.94 per cent to close at 31,159.62 points while NIFTY gained 1,028.10 points or 12.72 per cent to close at 9,111.90 points. The broader markets saw BSE100, BSE200 and BSE500 gain 12.73 per cent, 12.41 per cent and 12.14 per cent respectively. BSE MIDCAP was up 11.31 per cent while BSE SMALLCAP was up 9.40 per cent.

Adani Gas reduces prices of CNG, Domestic PNG Adani Gas reduces prices of CNG, Domestic PNG

Ahmedabad, Adani Gas Ltd. (AGL), the city gas distribution business of the Adani Group, has announced reduction in the prices of Compressed Natural Gas (CNG) and Domestic Piped Natural Gas (PNG) across its various geographical areas with effect from April 9.

Cash is King - Conserve Cash Cash is King - Conserve Cash

The markets were under pressure in the week gone by and lost on three of the four trading days. BSESENSEX was down 2,224.84 points or 7.46 per cent at 27,590.75 points whilst NIFTY was down 576.45 points or 6.66 per cent at 8,083.80 points.

US dollar dips in volatile trading Rupee hits new low of 76.91 a dollar Australia wants Facebook, Google to pay news media for using their content After spectacular rally use correction to re-enter Adani Gas reduces prices of CNG, Domestic PNG Cash is King - Conserve Cash 7 lakh jobs gone in 14 days, worst yet to come in US US dollar climbs amid recession fears US stock futures down after Trump extends social distancing guidelines Wall Street tumbles after US tops world in COVID-19 cases Rupee's new low: Rs 75/$ for the first time Market at 3-year low, Sensex drops below 29,000 Markets have bottomed but aftershocks to continue US dollar climbs amid hopes for stimulus measures Sensex tanks 2400 points, RIL logs worst fall in 10 years Facebook invests in Indian education start-up Unacademy US dollar retreats amid stronger risk appetite E-vehicle startup EeVe aims larger pan-India presence RBI keeps repo rate unchanged at 5.15% YouTube hits 20mn paid subscribers, 2mn join YouTube TV Sensex, Nifty end in green after Budget day sell-off Merger of Tata Tele mobile service biz with Airtel approved 47% land for bullet train project acquired: Chairman Punjab and Sind Bank defrauded of Rs 38.19 cr US-China trade deal to reduce global uncertainty: IMF chief Defer 5G auctions by at least 3 years: PHD Chamber Petrol, diesel prices surge for fourth straight day Official panel moots 2 GST slabs, more items at higher rates Diesel prices rise after 9 days, petrol stable Bulls in control, Sensex-Nifty end at record high
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