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Thursday
October 2018
12:51 PM IST
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Business News
Sensex ends lower ahead of RBI policy call
 
(Mumbai, Dec 5, 2017); BSE benchmark Sensex ended over 67 points down in volatile trade today as cautious investors trimmed their portfolios ahead of RBI's policy announcement amid subdued macro cues.

The Reserve Bank's two-day monetary policy review kicked off today. The central bank is widely expected to keep policy rates unchanged tomorrow and will stay focused on controlling inflation, experts said.

Trading mood was also impacted as Fitch Ratings yesterday cut the country's GDP growth forecast for the current fiscal to 6.7 per cent from the earlier projected 6.9 per cent.

The 30-share Sensex opened on a negative note on across-the-board losses and touched a low of 32,682.52.

However, value-buying in several heavyweights towards the fag-end trimmed the losses, with the index finishing at 32,802.44, down 67.28 points or 0.20 per cent.

The broader NSE Nifty too slipped by 9.50 points, or 0.09 per cent, to end at 10,118.25, after moving between 10,069.10 and 10,147.95.

Meanwhile, services sector activity slipped into the contraction territory during November, post the implementation of the Goods and Service Tax (GST) that led to sluggish demand and lower customer turnout, a monthly survey said.(PTI)


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KERALA NEWS
Vijayan urges UAE Keralites to back salary challenge
 (Abu Dhabi, Oct 18, 2018): Kerala Chief Minister Pinarayi Vijayan has urged Keralite business  
Sabarimala row: Protests against SC verdict continue
Balabhaskar's wife Lakshmi shifted to ICU
Idukki dam's one shutter opened
INTERNATIONAL NEWS
Sri Lankan President assured of "fullest cooperation" by PM Modi
 (Colombo, Oct 18, 2018): Sri Lankan President Maithripala Sirisena said he was assured of "fu
VP Naidu arrives in Brussels for 12th ASEM Summit
In Turkey, Pompeo discusses Iranian oil consumption, Khashoggi's disappearance
Trump calls Stormy Daniels a 'Horseface'
NATIONAL NEWS
PNB Scam: ED seizes more assets of Modi, Choksi
 (Mumbai, Oct 18, 2018): The Enforcement Directorate (ED) on Wednesday further seized and atta
Andhra CM visits cyclone-hit areas in Srikakulam
#MeToo fallout: MJ Akbar resigns as minister of state for external affairs
Polling underway for last phase of municipal polls in J-K
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