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Stock markets snap 7-day rally; Sensex drops 728 pts on profit-taking in IT, banking shares

Mumbai, Mar 26 (PTI) Benchmark stock indices Sensex and Nifty halted their seven-day winning run and closed down by nearly 1 per cent on Wednesday due to profit-taking in banking and IT shares. The 30-share BSE Sensex tanked 728.69 points or 0.93 per cent to settle at 77,288.50. During the day, it slumped 822.97 points or 1.05 per cent to 77,194.22. The NSE Nifty dropped 181.80 points or 0.77 per cent to 23,486.85. In the past seven trading days, the BSE benchmark index jumped 4,188.28 points or 5.67 per cent. The Nifty surged 1,271.45 points or 5.67 per cent during

Rupee rises 3 paise to close at 85.69 against US dollar

Mumbai, Mar 26 (PTI) The rupee pared its initial losses and settled for the day higher by 3 paise at 85.69 (provisional) against the U.S. dollar on Wednesday, supported by a resurgence of foreign fund inflows. Forex dealers said the rupee faces renewed pressure on liquidity constraints, concerns over reciprocal tariff implementations and month-end demand for the U.S. currency from importers. At the interbank foreign exchange, the rupee opened at 85.71 then touched an intraday high of 85.68 and a low of 85.98 against the greenback. The unit ended the session at 85.69 (provisional) against the dollar, registering a gain

Gold snaps 4-day losing streak, climbs Rs 235 to Rs 90,685 per 10 g

New Delhi, Mar 26 (PTI) Cutting short the four-day losing streak, gold prices rebounded by Rs 235 to Rs 90,685 per 10 grams on Wednesday amid firm global trends, according to the All India Sarafa Association. On Tuesday, the yellow metal of 99.9 per cent purity had ended at Rs 90,450 per 10 grams. Gold of 99.5 per cent purity rose by Rs 235 to Rs 90,235 per 10 grams against the previous close of Rs 90,000 per 10 grams. Traders said fresh buying by retailers after recent losses led to the recovery in gold prices. Firm global trends also

Supreme Court junks plea for CBI probe into ‘honey-trap’ allegations in Karnataka Assembly

New Delhi, Mar 26 (PTI) The Supreme Court on Wednesday dismissed a plea for a CBI probe into an alleged “honey-trap” attempt involving a minister and other politicians in Karnataka. A three-judge bench of Justices Vikram Nath, Sanjay Karol and Sandeep Mehta dismissed the PIL filed by social activist Binay Kumar Singh. The plea had also sought the probe to be either monitored by the top court or by a committee headed by a retired Supreme Court judge. Advocate Barun Kumar Sinha, appearing for the petitioner, said the allegation reported in the media required a thorough investigation against the persons

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