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Stock markets decline on weak global trends, US-China trade war worries

Mumbai, Oct 13 (PTI) Benchmark indices Sensex and Nifty fell on Monday due to selling in IT and FMCG shares and a weak trend in global markets after US President Donald Trump announced an additional 100 per cent tariff on Chinese goods from November 1. The 30-share BSE Sensex dropped 173.77 points or 0.21 per cent to settle at 82,327.05, snapping its two-day rally. After a gap-down opening, it tanked 457.68 points or 0.55 per cent to a low of 82,043.14. However, resilience in banking and financial majors helped limit the downside in the second half. The 50-share NSE Nifty

Rupee rises 5 paise to close at 88.67 against US dollar

Mumbai, Oct 13 (PTI) The rupee appreciated five paise to close at 88.67 (provisional) against the US dollar on Monday, supported by suspected RBI intervention and fresh foreign fund inflows. Forex traders said the domestic unit faced some resistance as renewed trade war tensions between the US and China led to risk aversion in global markets. At the interbank foreign exchange, the rupee opened at 88.75 and traded in the range of 88.57-88.79 before settling at 88.67 (provisional), registering a rise of 5 paise than its previous close. On Friday, the rupee appreciated seven paise to close at 88.72 against

Gold rallies Rs 1,950 to record high of Rs 1,27,950 per 10g in Delhi

New Delhi, Oct 13 (PTI) Gold prices rallied by Rs 1,950 to hit a fresh peak of Rs 1,27,950 per 10 grams in the national capital on Monday, driven by safe-haven demand amid renewed US-China trade tensions. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had closed at Rs 1,26,000 per 10 grams on Friday. In addition, gold of 99.5 per cent purity jumped by Rs 1,950 to touch an all-time high of Rs 1,27,350 per 10 grams (inclusive of all taxes). The yellow metal had settled at Rs 1,25,400 per 10 grams

‘Don’t fear outsiders’: Tejashwi hits out at Shah after court frames charges in IRCTC case

Patna, Oct 13 (PTI) Asserting that he would continue to fight against the BJP as long as he is alive, RJD leader Tejashwi Yadav on Monday hit out at Union Home Minister Amit Shah and said as a “true Bihari”, he does not fear outsiders. After a court in Delhi framed charges against him, his father Lalu Prasad and mother Rabri Devi in the alleged IRCTC scam case, Yadav said they have chosen the path of struggle and by walking on that path, they will surely reach their destination. “A month ago, when Union Home Minister Amit Shah ji came

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