Dixon Technologies Shares of the Noida-based consumer electronic products maker rose as much as 3.7 percent to Rs 2,600 after it started production of Mi LED TVs for Xiaomi, the company said in an exchange filing.
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Crude Oil Marketing Companies Extend Slide, Plunge Over 20%
Crude Oil Marketing Companies Extend Slide, Plunge Over 20%
Shares of oil retailers extended decline and slumped over 20 percent after the government asked them to cut petrol and diesel prices by Re 1 per litre. The move will lower the gross marketing margins for the OMCs.
Sensex, Nifty Extend Decline; OMCs Fall Over 20%
The S&P BSE Sensex fell 0.3 percent or 125 points to 35,044 and the NSE Nifty 50 Index declined 0.74 percent or 78 points to 10,520.
Sensex, Nifty set to open Cautious ahead of RBI Decision, Rupee Trades flat
In global markets, Asian shares struggled after benchmark U.S. Treasury yields surged to a seven-year high and strong economic data fanned concerns about inflation and the risk of faster-than-expected interest rate rises. The surge in Treasury yields has also prompted a rise in government bond yields across the globe.
Rupee Breaches 73/$ For First Time, Nifty Opens Below 10,950
Indian equity benchmarks declined after the rupee breached 73 per dollar mark for the first time.
The S&P BSE Sensex fell 0.5 percent or 198 points to 36,628 and the NSE Nifty 50 Index declined 0.6 percent or 71 points to 10,937.
Asian Shares Slip; Oil Steadies Near a 2014 High: Markets Wrap
The Nikkei 225 Stock Average retreated from an intraday high, after closing Monday at its highest since 1991. Stocks in Hong Kong underperformed as traders returned from a long weekend, and equities also fell in Australia and South Korea. China’s markets are shut throughout the week. Earlier, the S&P 500 Index finished higher, though more stocks fell than rose in the benchmark index. The pound rose following a report the U.K. is planning a compromise on Irish border rules, before pulling back.
Tesla Stock Rebounded From Early September Lows
The company has taken the unusual step of calling on volunteers to promote the brand. They’ve also offered discounts on the Model S and charging credits to entice buyers.