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Stock markets decline in early trade amid weak global trends, relentless foreign fund outflows

Mumbai, Sep 3 (PTI) Benchmark equity indices Sensex and Nifty declined in early trade on Wednesday, tracking weak global market trends and relentless foreign fund outflows. Caution also prevailed in the equity market ahead of the GST Council meeting beginning Wednesday. The 30-share BSE Sensex declined 153.28 points to 80,004.60 in early trade. The 50-share NSE Nifty dipped 46.4 points to 24,533.20. From the Sensex firms, Infosys, Bajaj Finance, Hindustan Unilever, Bharti Airtel, ICICI Bank and Trent were among the laggards. However, Tata Steel, Bharat Electronics, Eternal, ITC and Mahindra & Mahindra were among the gainers. In Asian markets, South

India warns Pakistan of more cross-border flooding due to heavy monsoon rains

LAHORE, Pakistan, September 2, 2025 (AP) — India warned Pakistan about possible cross-border flooding for the second time in as many weeks as monsoon deluges cause death and widespread destruction in both countries. The disaster management authority in eastern Pakistan announced the warning Tuesday. New Delhi shared the warning with Pakistan on “humanitarian grounds” through New Delhi’s high commission in Islamabad rather than the water-sharing Indus Waters Treaty, which remains suspended, an Indian government official said. Pakistan conducted mass evacuations late last month after India released water from overflowing dams and swollen rivers into low-lying border regions. The countries came

Gold rates add Rs 400 to hit highest-ever level of Rs 1.06 lakh/10 g on tariff woes, weak rupee

New Delhi, Sep 2 (PTI) Gold price stayed firm for the seventh consecutive session and added Rs 400 to hit a fresh peak of Rs 1,06,070 per 10 grams in the national capital on Tuesday amid unabated chase for safe-haven assets triggered by sweeping US tariffs and tumbling rupee against American currency. According to the All India Sarafa Association, the precious metal of 99.9 per cent purity had settled at Rs 1,05,670 per 10 grams on Monday. The price of gold of 99.5 per cent purity also increased Rs 400 to hit a new record of Rs 1,05,200 per 10

Rupee falls 8 paise to hit record low of 88.18 against US dollar

Mumbai, Sep 2 (PTI) The rupee declined 8 paise to close at an all-time low of 88.18 (provisional) against the US dollar on Tuesday, as Indo-US trade deal uncertainty and weak domestic equity markets pressurised the local unit. Forex traders said the rupee is trading near all-time low levels as risks remained skewed to the downside amid uncertainty over US trade tariffs. Moreover, persistent foreign fund outflows or dollar strength could drive further weakness, they added. On Monday, the rupee revisited its all-time intra-day low of 88.33 against the American currency. At the interbank foreign exchange market, the rupee opened

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