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Stock markets in choppy waters; Sensex drops 368 points dragged by bank shares

Mumbai, Aug 12 (PTI) Benchmark indices Sensex and Nifty ended lower in a highly volatile trade on Tuesday dragged down by blue-chip bank stocks and caution ahead of domestic and US inflation data. The 30-share BSE Sensex dropped 368.49 points or 0.46 per cent to settle at 80,235.59. During the day, it hit a high of 80,997.67 and a low of 80,164.36, gyrating 833.31 points. The 50-share NSE Nifty went lower by 97.65 points or 0.40 per cent to 24,487.40. Investors are also awaiting cues from the US-Russia talks on August 15. From the Sensex firms, Bajaj Finance, Trent, Hindustan

Rupee rises 3 paise to close at 87.72 against US dollar

Mumbai, Aug 12 (PTI) The rupee consolidated in a narrow range to settle just 3 paise higher at 87.72 (provisional) against the US dollar on Tuesday amid a negative trend in domestic equities. Forex traders said the rupee is trading in a tight range as a late decline in domestic markets and foreign fund outflows capped sharp gains for the domestic unit. Moreover, there is an overall negative bias amid uncertainties over the trade tariff issue between India and the US. At the interbank foreign exchange, the domestic unit opened at 87.70 and moved in a range of 87.59-87.72 during

SIR appears to be trust deficit issue: Supreme Court

New Delhi, Aug 11 (PTI) The Supreme Court on Tuesday called the Bihar SIR (special intensive revision) row “largely a trust deficit issue” as the Election Commission of India (ECI) claimed roughly 6.5 crore people of the total 7.9 crore voting population didn’t have to file any documents for they or their parents featured in the 2003 electoral roll. The top court is hearing a batch of pleas against the Election Commission electoral roll revision exercise in Bihar. A bench of Justices Surya Kant and Joymalya Bagchi during the hearing remarked it “largely appears to be a case of trust

INDIA bloc leaders to meet in Parliament to chalk out strategy for House proceedings

New Delhi [India], August 12 (ANI): The leaders of the INDIA bloc will meet in Parliament at 10:15 am on Tuesday to discuss their strategy for the proceedings in the House. A day earlier, the INDIA bloc and its leaders came down heavily on the Election Commission of India (ECI) amid allegations of “vote theft” in the previous assembly and general elections. The opposition MPs were detained by the Delhi police this morning for protesting the Special Intensive Revision (SIR) of electoral rolls in poll-bound Bihar, following allegations of “vote theft,” after they were denied permission to march to the

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