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Stock markets decline in early trade dragged by IT firms, weak US cues

Mumbai, Feb 12 (PTI) Benchmark equity indices Sensex and Nifty declined in early trade on Thursday dragged down by heavy losses in IT stocks such as Infosys and Tata Consultancy Services amid weak cues from US markets. Extending the previous day’s decline, the 30-share BSE Sensex dropped 421.66 points, or 0.50 per cent, to 83,811.98 in early trade. The 50-share NSE Nifty fell 121.10 points, or 0.47 per cent, to 25,832.75. Analysts said rising crude oil prices also added to the cautious sentiment among investors. Among the Sensex constituents, Infosys, Tech Mahindra, Tata Consultancy Services, HCL Technologies, Eternal, Mahindra &

Trade unions hold day-long strike; services likely to be partly affected

New Delhi, Feb 12 (PTI) Employees and workers associated with a joint forum of central trade unions observed a day-long strike on Thursday to show their “resistance to anti-worker, anti-farmer and anti-national pro-corporate policies of the central government”. The forum has claimed that 30 crore workers are being mobilised for a “general strike” to protest against the new labour codes, among other issues. All India Trade Union Congress General Secretary Amarjeet Kaur told PTI that the general strike started across the country on Thursday morning, and that she has received reports of the agitation from states, including Assam, Tamil Nadu,

Rupee rises 38 paise to 90.40 against US dollar in early trade

Mumbai, Feb 12 (PTI) The rupee appreciated 38 paise to 90.40 against the US dollar in early trade on Thursday, supported by foreign fund inflows and suspected RBI intervention. Forex traders said foreign fund inflows, while not massive, provided a psychological anchor. Moreover, the RBI has been quietly ensuring that liquidity remains abundant in the banking system. At the interbank foreign exchange market, the rupee opened at 90.55 against the US dollar, then gained momentum and touched 90.40, registering a rise of 38 paise over its previous close. In the initial trade, the rupee also touched 90.56 against the American

Case registered on Congress complaint over controversial video: Assam CM

Guwahati, Feb 11 (PTI) Assam Chief Minister Himanta Biswa Sarma on Wednesday said that the police have registered a case based on a complaint by Congress leaders over a controversial video featuring him, which was uploaded and later deleted by the state BJP. Sarma said that a BJP worker has also filed a separate police complaint over the same issue. The now-deleted video showed Sarma purportedly taking aim with a rifle and firing a shot at two people, one wearing a skull cap and the other with a beard, with “point-blank shot” as the caption. The AI-generated video was uploaded

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