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Stock markets decline in early trade on foreign fund outflows, US H-1B visa fees concern

Mumbai, Sep 24 (PTI) Benchmark indices Sensex and Nifty fell in early trade on Wednesday as foreign fund outflows and concerns over the steep hike in US H-1B visa fees continue to dent investors’ sentiment. The 30-share BSE Sensex dropped 380.48 points to 81,721.62 in early trade. The 50-share NSE Nifty declined 106.45 points to 25,063.05. From the Sensex firms, Tech Mahindra, Tata Motors, ICICI Bank, Bharti Airtel, Tata Consultancy Services, Axis Bank, Titan and Kotak Mahindra Bank were among the major laggards. However, Trent, NTPC, State Bank of India and Asian Paints were among the gainers. Foreign Institutional Investors

Rupee falls 7 paise to 88.80 against US dollar in early trade

Mumbai, Sep 24 (PTI) The rupee depreciated 7 paise from its all-time closing low to 88.80 against US dollar in early trade on Wednesday dragged down by tariff and H-1B visa issues amid persistent foreign fund outflows. Forex traders said rupee is hovering near its all-time low level as enhanced US tariffs on Indian goods as well as US H-1B visa fee hike dented investor sentiments. Moreover, investors’ risk-aversion and trade policy uncertainty has also exacerbated the rupee’s depreciation. At the interbank foreign exchange, the rupee opened at 88.80, registering a decline of 7 paise over its previous close. In

Gold, silver decline from record peaks on profit booking as Fed Chair signals cautious easing path

New Delhi, Sep 24 (PTI) Gold and silver prices retreated from their record highs in futures trade on Wednesday as traders booked profits at elevated levels, dragging the precious metals lower, while markets digested cautious remarks from US Federal Reserve Chair Jerome Powell on the path of potential interest rate cuts. On the Multi Commodity Exchange (MCX), gold futures for October delivery dropped Rs 408 or 0.36 per cent, to Rs 1,13,428 per 10 grams as traders pared their holdings after the metal scaled an all-time high of Rs 1,14,179 per 10 grams on Tuesday. Similarly, the December contract for

Azam Khan released from Sitapur jail after almost 2 years, supporters gather

Sitapur (UP), Sep 23 (PTI) Senior Samajwadi Party leader and former Uttar Pradesh Cabinet minister Azam Khan was on Tuesday released on bail from the Sitapur jail here after nearly two years of incarceration. Dressed in his trademark white kurta-pyjama paired with a black waistcoat, Khan drove past the jail premises in a private vehicle, not interacting with a host of reporters who tried to get his comment. Khan’s elder son, Adeeb, accompanied by hundreds of party workers, gathered outside the Sitapur district jail since morning to receive him. Several SP leaders, including national secretary and former MLA Anup Gupta,

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