New Delhi [India], June 29 (ANI): Domestic equity indices declined substantially in the opening session of Wednesday due to consistent depreciation of rupee, foreign fund outflows, prevailing inflation concerns, among others. Indian currency rupee has been consistently hitting fresh all-time lows.

Mumbai Nov 26 PTI Equity benchmark Sensex plummeted 1688 points on Friday tracking a massive selloff in global markets as concerns over a new COVID-19 variant spooked investors across the world The 30-share index ended 168794 points or 287 per cent lower at 5710715 Similarly the NSE Nifty plunged 50980 points or 291 per cent to 1702645 IndusInd Bank was the top loser in the Sensex pack tanking over 6 per cent followed by Maruti Tata Steel NTPC Bajaj Finance HDFC and Titan On the other hand Dr Reddys and Nestle India were among the gainers Markets saw sharp correction this week amid renewed concerns pertaining to COVID-19 Sensex and Nifty declined close to 4 per cent this week and are down around 8 per cent from their highs said Shrikant Chouhan Head of Equity Research Retail Kotak Securities The new variant of COVID-19 is presenting challenges in the form of lockdowns and travel bans Apart from COVID-related concerns inflation remains a worry for countries across the globe FIIs have been net sellers this week Equity markets in the near term will closely follow the impact of new COVID variant inflation data and central bank policies he added Elsewhere in Asia bourses in Shanghai Hong Kong Seoul and Tokyo sank as much as 267 per cent Stock exchanges in Europe too plunged up to 351 per cent in mid-session deals Meanwhile international oil benchmark Brent crude tanked 562 per cent to USD 7760 per barrel PTI ANS ABM ABM

Hyderabad Nov 22 PTI Union Tourism Minister G Kishan Reddy on Monday alleged that the ruling TRS in Telangana was trying to divert peoples attention from its loss in the Huzurabad assembly constituency bypoll earlier this month by making an issue out of paddy procurement The TRS suffered a massive defeat in the bye-election though it used money power and indulged in gross misuse of power he alleged BJP won the bypoll After suffering disappointment with the peoples verdict Chief Minister ji K Chandrasekhar Rao started a new drama to portray Huzurabad as an insignificant election and to divert peoples attention Is it only now that the Centre has begun to procure rice Reddy asked The TRS has claimed credit for paddy procurement since it came to power seven-and-half- years ago but after the Huzurabad election the ruling party is saying that the Centre is refusing to buy paddy he told reporters here The Centre has never said it would not procure paddy except parboiled rice he said The state government has also agreed that it would not supply parboiled rice he said The TRS is levelling false charges and indulged in a vicious campaign against the Centre to downplay the Huzurabad bypoll outcome and to divert peoples attention Reddy said Each grain of rice would be purchased as per the state governments agreement with the Centre over procurement he said Rao talked about Bangladesh Pakistan and others being ahead of India in certain development parametres but he should address issues in Telangana like pending recruitment of teachers and dues to contractors in municipalities he said On Rao announcing ex-gratia for farmers who lost their lives during the agitation against the NDA governments three farm laws Reddy said he does not find fault with it However the CM has the responsibility to help the families of those who had committed suicide for separate Telangana and the unemployed youth he said Reddys comments came against the backdrop of a war of words between the TRS and BJP over paddy procurement and a clash between the activists of the two parties during state BJP president and MP Bandi Sanjay Kumars visit to procurement centres last week The CM along with his cabinet colleagues and other TRS leaders held a dharna here last week demanding that the Centre specify the annual target for paddy procurement in a year from Telangana The CM is currently on a visit to Delhi over the issue Meanwhile state Agriculture Minister S Niranjan Reddy alleged in a statement that Congress and BJP indulged in a false campaign over the CM announcing ex-gratia for families of farmers who died during agitation against the Centres farm laws The two parties claimed that the TRS government did not bother about Telangana farmers but it paid Rs 338495 crore in the last three years under the Rythu Beema life insurance scheme for farmers he said PTI SJR APR APR

Hyderabad Oct 29 PTI Dr Reddys Laboratories Ltd is expected to submit Phase 3 trials data of single dose Russian COVID-19 vaccine Sputnik Light to the Indian drug regulator next month even as the city-based firm is getting ready to conduct trials of the jab in 2 to 18 year old children in two cohorts Deepak Sapra CEO API and Services Dr Reddys said the drug maker is in discussions with the Drug Controller General of India to conduct trials on introducing Sputnik V as booster dose He also said Dr Reddys is trying to engage in discussions with the Centre for Sputnik V Government supplies even as the company sees softness in the off take of the vaccine in the private sector As far as Sputnik Light is concerned we are in the midst of our clinical trials and we expect that we are able to update post our submission to the DCGI in the month of November As far as Sputnik as a booster dose is concerned we have finalised our protocol We are in discussions with DCGI for initiating the trials for Sputnik booster dose Sapra said in a virtual press conference Addition to the servicing the Indian requirements Dr Reddys is in discussions with its partners to take the jab to other countries notably in Asia-Pacific Africa and Latin America he further said We are seeing softness in the off take of the vaccine in the private sector in India the official said According to the recommendations of the SEC meeting held in August last Dr Reddys which has tied up with Russian Direct Investment Fund to market the jab in India presented updated safety immunogenicity and efficacy data of Phase III clinical trial of Sputnik Light vaccine conducted in Russia along with the proposal to conduct the clinical trial in India The trials of Sputnik as booster dose and paediatric dose are being conducted by RDIF outside India Sapra explained adding that the trials in India may take off in November PTI GDK ROH ROH

Mumbai Oct 26 PTI Equity benchmark Sensex surged over 300 points in early trade on Tuesday tracking gains in index heavyweights Reliance Industries HDFC Bank and Tech Mahindra amid strong quarterly earnings and a positive trend in global markets The 30-share index was trading 3187 points or 052 per cent higher at 6128575 in initial deals Similarly the Nifty surged 9375 points or 052 per cent to 1821915 Tech Mahindra was the top gainer in the Sensex pack rallying over 6 per cent after the software exporter reported a 26 per cent increase in its September quarter net at Rs 13387 crore Bharti Airtel Bajaj Finance Tata Steel LT ITC and SBI were also trading with gains On the other hand ICICI Bank Axis Bank PowerGrid HUL and Dr Reddys were among the laggards In the previous session the 30-share index ended 14543 points or 024 per cent higher at 6096705 and Nifty advanced 1050 points or 006 per cent to 1812540 Foreign institutional investors FIIs were net sellers in the capital market as they offloaded shares worth Rs 245910 crore on Monday as per exchange data Elsewhere in Asia bourses in Shanghai Tokyo and Seoul were trading with gains in mid-session deals while Hong Kong was in the red Stock exchanges in the US ended on a positive note in the overnight session Meanwhile international oil benchmark Brent crude rose 015 per cent to USD 8530 per barrel PTI ANS DRR DRR

Mumbai Oct 21 PTI Equity benchmark Sensex tumbled 33646 points on Thursday following losses in index heavyweights Reliance Industries Infosys and TCS amid a negative trend in global markets The 30-share BSE index declined 33646 points or 055 per cent to 6092350 Similarly the NSE Nifty fell 8850 points or 048 per cent to 1817810 Asian Paints was the top loser in the Sensex pack tanking around 5 per cent followed by Reliance Industries Infosys Tata Steel TCS and Dr Reddys On the other hand Kotak Bank HDFC ICICI Bank and NTPC were among the gainers According to V K Vijayakumar Chief Investment Strategist at Geojit Financial Services domestic headwinds like high valuations have become unsustainable and rising commodity inflation will impact the margins of firms Sustained selling by institutions -- both DIIs and FIIs -- indicates that smart money regards the market as overheated and overvalued he noted Elsewhere in Asia bourses in Hong Kong Seoul and Tokyo ended in the in the red while Shanghai was positive Stock exchanges in Europe were trading on a negative note in mid-session deals Meanwhile international oil benchmark Brent crude fell 112 per cent to USD 8486 per barrel PTI ANS ABM ABM

Kishan Reddy mentioned that the state government has failed in utilising the central funds for development of Telangana while also diverting central funds to other schemesIt has boosted the morale of leaders and cadre giving them confidence that BJP can come to power in Telangana state during the next Assembly electionsKishan Reddy has taken up a yatra after several years for building confidence among ground-level karyakartas as well as local leaders who work for the party full timeBefore formation of Telangana as a state party president and party floor leader in AP Legislative Assembly Kishan Reddy had undertaken a yatra across the stateHe also mentioned that the state government has failed in utilising the central funds for development of Telangana while also diverting central funds to other schemes