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Stock markets turn flat in volatile trade

Mumbai, May 7 (PTI) Benchmark indices Sensex and Nifty declined in early deals on Thursday in a highly volatile trade as investors turned cautious amid unabated foreign fund outflows and rising geopolitical uncertainties. The 30-share BSE Sensex declined 160.24 points to 77,798.28 in early trade. The 50-share NSE Nifty dipped 30.25 points to 24,300.70. Later both the benchmark indices were trading between highs and lows. From the 30-Sensex firms, Tata Consultancy Services, Hindustan Unilever, Adani Ports, Power Grid, Tech Mahindra and Sun Pharma were among the laggards. Mahindra & Mahindra, Eternal, Tata Steel, UltraTech Cement, ICICI Bank and Maruti were

Rupee falls 28 paise to 94.77 against US dollar in early trade

A man counts Indian rupee currency notes inside a shop in New Delhi, India. (Photo: Reuters)

Mumbai, May 7 (PTI) The rupee depreciated 28 paise to 94.77 against the US dollar in early trade on Thursday as market sentiment took a dramatic turn after reports emerged that the US and Iran are discussing a 14-point Memorandum of Understanding (MOU) aimed at reducing tensions and reopening negotiations. Forex traders said Brent oil prices, which had fallen to USD 98 on the US-Iran peace deal, edged slightly higher to USD 101 per barrel after investors weighed the prospects for a Middle East peace deal. Moreover, factors such as unabated foreign capital outflows amid rising geopolitical uncertainties further dented

Vijay says no to CM convoy before swearing-in: TVK

Chennai, May 7 (PTI) TVK chief Vijay declined to accept the police convoy vehicles provided to Tamil Nadu chief minister as per protocol until his swearing-in, the party said on Thursday. A police official confirmed that the CM convoy vehicles provided to him “as per protocol” following the announcement of the Assembly election results were returned and have not been withdrawn. The official also said that arrangements were in place for the swearing-in ceremony. The Tamilaga Vettri Kazhagam (TVK) clarified that its party founder Vijay had “personally requested that the convoy vehicles be returned”. In a statement here, the TVK

Bengal: Murder of Suvendu aide sparks political row; BJP, TMC trade barbs

Kolkata, May 7 (PTI) The murder of a close aide of BJP leader Suvendu Adhikari triggered political confrontation in West Bengal on Thursday, with the saffron camp accusing the TMC of fostering “lawlessness” and the Mamata Banerjee-led party rejecting the charge. In a shocking development within 48 hours of the assembly poll verdict, Chandranath Rath, Adhikari’s executive assistant, was shot dead in a brazen attack at Madhyamgram on Wednesday night, escalating tension in the area. According to preliminary information, motorcycle-borne assailants intercepted Rath’s vehicle near Doltala in Madhyamgram around 10.30 pm, forced it to stop and opened fire at point-blank

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