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Stock markets decline amid surging oil prices, foreign fund outflows

Mumbai, Apr 28 (PTI) Stock market benchmark indices Sensex and Nifty buckled under selling pressure on Tuesday as a sharp rally in oil prices and foreign fund outflows dented investors’ sentiment. The 30-share BSE Sensex declined 416.72 points, or 0.54 per cent, to settle at 76,886.91. During the day, it lost 562.57 points, or 0.72 per cent, to 76,741.06. The 50-share gauge NSE Nifty dropped 97 points, or 0.40 per cent, to end at 23,995.70. From the 30-Sensex firms, Axis Bank, HCL Tech, InterGlobe Aviation, Maruti, State Bank of India and ICICI Bank were among the biggest laggards. In contrast,

Rupee falls 41 paise to close at 94.56 against US dollar

Mumbai, Apr 28 (PTI) The rupee depreciated 41 paise to close at 94.56 (provisional) against the US dollar on Tuesday, as elevated crude oil prices and unabated foreign capital outflows amid rising geopolitical uncertainties dented investor sentiments. Forex traders said the rupee has already weakened quite sharply, factoring in the likely widening of the Current Account Deficit (CAD) and volatile capital flows. Moreover, persistent foreign fund outflows weighed on the rupee, as so far this year, FIIs have pulled out over USD 19 billion from Indian equities. At the interbank foreign exchange market, the rupee opened at 94.35 against the

Godman Ashok Kharat seems linked to Ajit Pawar plane crash, CID should probe: Rohit Pawar

Pune, Apr 28 (PTI) NCP (SP) MLA Rohit Pawar on Tuesday alleged that Nashik-based godman Ashok Kharat is prima facie linked to the fatal plane crash involving his uncle and then Maharashtra Deputy Chief Minister Ajit Pawar, and demanded his interrogation by the CID. Speaking to reporters after visiting the CID office in Pune to take stock of the status of the plane crash investigation, he alleged that some occult rituals had been performed outside late Ajit Pawar’s house through a small political leader in Baramati. “A goat was found hanging near Ajitdada’s house. Kharat had told a farmer that

Comm Min notifies decision to allow exports of 25 lakh ton of additional wheat

New Delhi, Apr 28 (PTI) The Commerce Ministry’s arm DGFT has notified the government’s decision to permit 25 lakh tonnes of wheat exports. On April 20, the Centre permitted exports of an additional 25 lakh tonne of wheat, considering a comfortable stock position amid the likelihood of another strong harvest. With this, a total of 50 lakh tonne of wheat and 10 lakh tonne of wheat products have now been permitted for exports. “The export policy of wheat…continues to remain prohibited. However, export of an additional 25 Lakh Metric Tonnes (LMT) of wheat is permitted,” the Directorate General of Foreign

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