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Stock markets dive in early trade as oil prices surge above USD 120 per barrel

Mumbai, Apr 30 (PTI) Benchmark indices Sensex and Nifty slumped in early trade on Thursday amid a sharp spike in crude oil prices, weak global trends and foreign fund outflows. The 30-share BSE Sensex tumbled 821.79 points to 76,674.57 in early trade. The 50-share NSE Nifty dived 287.3 points to 23,890.35. From the 30-Sensex firms, InterGlobe Aviation, Eternal, UltraTech Cement, Mahindra & Mahindra, Axis Bank and Adani Ports were among the biggest laggards. Bajaj Finance, Bajaj Finserv, Tech Mahindra, Infosys and Power Grid were the gainers. Brent crude, the global oil benchmark, traded 4.08 per cent higher at USD 122.8

Rupee falls 32 paise to all-time low of 95.20 against US dollar

Mumbai, Apr 30 (PTI) The rupee depreciated 32 paise to an all-time low of 95.20 against the US dollar in early trade on Thursday, weighed down by elevated Brent crude oil prices, hovering around USD 122 per barrel, and strong American currency. Forex traders said the USD/INR pair may see further downside, as rising crude oil prices are likely to sharply impact India’s import costs, while concerns over potential wider conflict in West Asia are fuelling investor anxiety. Meanwhile, the US dollar added to gains after the US FED Reserve kept rates unchanged. Safe-haven demand was also boosted by another

PM Modi has every intention of delaying caste census: Congress

New Delhi, Apr 30 (PTI) The Congress on Thursday said one full year has passed since the government announced a caste census but the details of how this enumeration will be done are still awaited, as it alleged that Prime Minister Narendra Modi has every intention of delaying the exercise. Congress general secretary in-charge communications Jairam Ramesh said today exactly a year ago, the Modi government had announced that caste enumeration of the entire population will be included in the upcoming Census. “The recent chronology relating to this dramatic U turn by the Prime Minister is this: On July 21

US Supreme Court guts key provision of Voting Rights Act

WASHINGTON, April 29 (Reuters) – The U.S. Supreme Court on Wednesday gutted a key provision of the Voting Rights Act – making it harder for minorities to challenge electoral maps as racially discriminatory under the landmark civil rights law – in a victory for Louisiana Republicans and President Donald Trump’s administration. The justices, in a ​6-3 ruling powered by the court’s conservative members, blocked an electoral map that had given the Louisiana a second Black-majority congressional district. The court’s three liberal justices and some legal experts denounced the decision as hollowing out Section 2 of ‌the Voting Rights Act, which

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