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    Union Minister slams Kerala FM over his claims on financial grants

    Union Minister slams Kerala FM over his claims on financial grants

    Decision on supporting AAP on ordinance issue to be taken soon: Congress

    Decision on supporting AAP on ordinance issue to be taken soon: Congress

    Fire reported at shop in Delhi’s Lajpat Nagar market

    Fire reported at shop in Delhi’s Lajpat Nagar market

    Himachal eyeing to earn Rs 1,000 crore annually from timber

    Himachal CM wants custody of country’s first hydroelectric project

    Tension in Saharanpur over Mihir Bhoj Yatra; Internet shut down

    Tension in Saharanpur over Mihir Bhoj Yatra; Internet shut down

    ‘Rs 3,300 crore loan’, SC stays Bombay HC order permitting UIL Chairperson to travel abroad

    SC junks plea against 75% marks in Class 12 board exams eligibility for IIT admissions

    Gangster killed in Tihar jail by rival gang inmates

    Tihar inmate injured after attacked by group of other prisoners

    Odisha police arrests inter-state drug peddler from Assam

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    Moosewala’s mother pays emotional tribute on his first death anniversary

    Moosewala’s mother pays emotional tribute on his first death anniversary

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    Tesla to open Superchargers to non-Tesla EVs in Canada

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    Canadian party calls on govt to stop deportation of 150 Punjabi students

    Canadian province allows Sikh motorcyclists to ride without helmets for special events

    Canadian province allows Sikh motorcyclists to ride without helmets for special events

    Mississauga Construction Season Is Underway

    Mississauga Construction Season Is Underway

    Brampton Women Get Support To Build Skills

    Brampton Women Get Support To Build Skills

    Canadian employers are struggling to get employees back to the workplace

    Canadian employers are struggling to get employees back to the workplace

    Possible Gunshot Wound Prompts Hold-and-Secure Orders in Brampton, Nine Schools Affected

    Possible Gunshot Wound Prompts Hold-and-Secure Orders in Brampton, Nine Schools Affected

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    Customs duty exemption on capital goods for manufacture of EV batteries

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    Indian tech industry adds 290K jobs in FY23, to hit $500 bn revenue by 2030

    UK-based BenevolentAI to cut about 180 jobs as part of restructuring plan

    Food-tech startup Pluckk appoints Mamaearth’s Market Place Head Kunwarjeet Grover as Head of Growth

    Food-tech startup Pluckk appoints Mamaearth’s Market Place Head Kunwarjeet Grover as Head of Growth

    India’s Satluj Jal Vidyut Nigam Limited gets second hydro project in Nepal

    India’s Satluj Jal Vidyut Nigam Limited gets second hydro project in Nepal

    India now largest producer, importer of coal: Pralhad Joshi

    India now largest producer, importer of coal: Pralhad Joshi

    Asiana stops selling A321-200 emergency seats after man opened door mid-air

    Asiana stops selling A321-200 emergency seats after man opened door mid-air

    BJP’s 9-years ‘all-round disaster’, yanking off Rs 2K-note ‘foolish’: Chidambaram

    BJP’s 9-years ‘all-round disaster’, yanking off Rs 2K-note ‘foolish’: Chidambaram

    RBI Guv says gaps noticed in banks’ governance

    RBI Guv says gaps noticed in banks’ governance

    SAP Labs India begins 2nd campus construction in Bengaluru, to create 15K jobs

    SAP Labs India begins 2nd campus construction in Bengaluru, to create 15K jobs

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    Japanese researchers likely to develop babies in lab by 2028: Study

    Japanese researchers likely to develop babies in lab by 2028: Study

    Vietnam to greet 100 millionth citizen in April

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    Amazon UK trains Alexa to offer advice on periods

    Amazon UK trains Alexa to offer advice on periods

    42 young Indian robotic surgeons set to share path-breaking procedures

    42 young Indian robotic surgeons set to share path-breaking procedures

    TN health minister urges people to adhere to Covid protocol

    Twenty-five district headquarters of TN to get hospitals soon

    Women twice likely to be hospitalised post heart attack than men: Study

    Study predicts risk of 5 types of heart failure using AI tools

    Researchers develop device to detect brain tumour through urine

    Decoded: How Botox drug enters brain cells, causes paralysis

    1 in 6 N.Korean kids under 5 suffer from stunted growth: Report

    1 in 6 N.Korean kids under 5 suffer from stunted growth: Report

    UP districts fall short of immunisation targets

    UP districts fall short of immunisation targets

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    Tesla to open Superchargers to non-Tesla EVs in Canada

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    Mitsubishi XRT Concept Debuts At Bangkok

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    BMW Concept Touring Coupé: A Timeless Symbol Of Freedom

    The new 2024 BMW 5 Series & i5 Sedan

    The new 2024 BMW 5 Series & i5 Sedan

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    Ferrari Purosangue & Vision Gran Tourismo

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    Acura Integra Type S – High-Performance Proportions and Design

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    Lamborghini Super Trofeo: Three Series In Four Continents For 2023

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    Kia EV6 GT Crowned 2023 World Performance Car

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    India successfully puts into orbit its first 2nd Gen navigation satellite (Ld)

    India successfully puts into orbit its first 2nd Gen navigation satellite (Ld)

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    48 US states sue telecom company over billions of illegal robocalls

    Xiaomi India joins Optiemus to manufacture audio products locally

    Xiaomi India joins Optiemus to manufacture audio products locally

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    Arm introduces new chips to boost smartphone performance

    Nvidia announces new AI supercomputer ‘DGX GH200’

    Nvidia announces new AI supercomputer ‘DGX GH200’

    Acer launches new gaming laptop ‘Aspire 5’ in India

    Acer launches new gaming laptop ‘Aspire 5’ in India

    Researchers develop device to detect brain tumour through urine

    Decoded: How Botox drug enters brain cells, causes paralysis

    Zomato joins Dial4242 to provide ambulance, medical support to delivery partners

    Zomato joins Dial4242 to provide ambulance, medical support to delivery partners

    ISRO to test in July crew safety system of Gaganyaan project rocket

    ISRO to test in July crew safety system of Gaganyaan project rocket

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    Jadeja’s last ball four helps CSK beat Gujarat Titans by 5 wickets, clinch record-equalling 5th IPL title

    Jadeja’s last ball four helps CSK beat Gujarat Titans by 5 wickets, clinch record-equalling 5th IPL title

    ‘I felt like we left something behind in 2019’, says Cummins ahead of 2023 Ashes challenge

    ‘I felt like we left something behind in 2019’, says Cummins ahead of 2023 Ashes challenge

    IPL 2023: ‘Look like it’s just breakfast for him’, says Hardik on Gill making habit of scoring 100s

    IPL 2023: ‘Look like it’s just breakfast for him’, says Hardik on Gill making habit of scoring 100s

    Ricky Ponting reveals best combined Australia-India Test XI ahead of WTC final

    Ricky Ponting reveals best combined Australia-India Test XI ahead of WTC final

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    WTC 2021-23: Gaffaney, Illingworth to be on-field umpires for India v Australia Final

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    ‘Tilak Varma should focus on improving his weaknesses’: Sehwag offers valuable advice to young MI star

    ‘Tilak Varma should focus on improving his weaknesses’: Sehwag offers valuable advice to young MI star

    IPL 2023: Over in which I hit three sixes made me realise maybe this is my day, says Shubman Gill

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    Alex Carey reveals support from wicket-keeping greats ahead of WTC final

    Alex Carey reveals support from wicket-keeping greats ahead of WTC final

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    Mcdonald’s Canada To Open Its First Standalone Mccafé at MTL Airport

    Mcdonald’s Canada To Open Its First Standalone Mccafé at MTL Airport

    Tim Hortons launches new Loaded Bowl and Loaded Wrap

    Tim Hortons launches new Loaded Bowl and Loaded Wrap

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    Sipping on India inspired beverage favourites

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    Treat your mum to homemade delicacies

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    Agri-Food Sector Immigration Pilot Extended

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    Spice Up Your Life with Bengali-Style Fish Curry: Rui Macher Jhol

    Spice Up Your Life with Bengali-Style Fish Curry: Rui Macher Jhol

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    Union Minister slams Kerala FM over his claims on financial grants

    Union Minister slams Kerala FM over his claims on financial grants

    Decision on supporting AAP on ordinance issue to be taken soon: Congress

    Decision on supporting AAP on ordinance issue to be taken soon: Congress

    Fire reported at shop in Delhi’s Lajpat Nagar market

    Fire reported at shop in Delhi’s Lajpat Nagar market

    Himachal eyeing to earn Rs 1,000 crore annually from timber

    Himachal CM wants custody of country’s first hydroelectric project

    Tension in Saharanpur over Mihir Bhoj Yatra; Internet shut down

    Tension in Saharanpur over Mihir Bhoj Yatra; Internet shut down

    ‘Rs 3,300 crore loan’, SC stays Bombay HC order permitting UIL Chairperson to travel abroad

    SC junks plea against 75% marks in Class 12 board exams eligibility for IIT admissions

    Gangster killed in Tihar jail by rival gang inmates

    Tihar inmate injured after attacked by group of other prisoners

    Odisha police arrests inter-state drug peddler from Assam

    Politically connected woman arrested for kidnapping, flesh trade in Patna

    Moosewala’s mother pays emotional tribute on his first death anniversary

    Moosewala’s mother pays emotional tribute on his first death anniversary

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    ash blaze burn burning

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    Tesla to open Superchargers to non-Tesla EVs in Canada

    Canadian party calls on govt to stop deportation of 150 Punjabi students

    Canadian party calls on govt to stop deportation of 150 Punjabi students

    Canadian province allows Sikh motorcyclists to ride without helmets for special events

    Canadian province allows Sikh motorcyclists to ride without helmets for special events

    Mississauga Construction Season Is Underway

    Mississauga Construction Season Is Underway

    Brampton Women Get Support To Build Skills

    Brampton Women Get Support To Build Skills

    Canadian employers are struggling to get employees back to the workplace

    Canadian employers are struggling to get employees back to the workplace

    Possible Gunshot Wound Prompts Hold-and-Secure Orders in Brampton, Nine Schools Affected

    Possible Gunshot Wound Prompts Hold-and-Secure Orders in Brampton, Nine Schools Affected

    crime scene do not cross signage

    Increase in deaths of international students in Canada

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    Customs duty exemption on capital goods for manufacture of EV batteries

    Global EV market reaches 11 mn units in 2022, China’s BYD leads

    Indian tech industry adds 290K jobs in FY23, to hit $500 bn revenue by 2030

    UK-based BenevolentAI to cut about 180 jobs as part of restructuring plan

    Food-tech startup Pluckk appoints Mamaearth’s Market Place Head Kunwarjeet Grover as Head of Growth

    Food-tech startup Pluckk appoints Mamaearth’s Market Place Head Kunwarjeet Grover as Head of Growth

    India’s Satluj Jal Vidyut Nigam Limited gets second hydro project in Nepal

    India’s Satluj Jal Vidyut Nigam Limited gets second hydro project in Nepal

    India now largest producer, importer of coal: Pralhad Joshi

    India now largest producer, importer of coal: Pralhad Joshi

    Asiana stops selling A321-200 emergency seats after man opened door mid-air

    Asiana stops selling A321-200 emergency seats after man opened door mid-air

    BJP’s 9-years ‘all-round disaster’, yanking off Rs 2K-note ‘foolish’: Chidambaram

    BJP’s 9-years ‘all-round disaster’, yanking off Rs 2K-note ‘foolish’: Chidambaram

    RBI Guv says gaps noticed in banks’ governance

    RBI Guv says gaps noticed in banks’ governance

    SAP Labs India begins 2nd campus construction in Bengaluru, to create 15K jobs

    SAP Labs India begins 2nd campus construction in Bengaluru, to create 15K jobs

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    Japanese researchers likely to develop babies in lab by 2028: Study

    Japanese researchers likely to develop babies in lab by 2028: Study

    Vietnam to greet 100 millionth citizen in April

    Pune study shows efficacy of ‘rescue therapy’ for newborns who turn blue

    Amazon UK trains Alexa to offer advice on periods

    Amazon UK trains Alexa to offer advice on periods

    42 young Indian robotic surgeons set to share path-breaking procedures

    42 young Indian robotic surgeons set to share path-breaking procedures

    TN health minister urges people to adhere to Covid protocol

    Twenty-five district headquarters of TN to get hospitals soon

    Women twice likely to be hospitalised post heart attack than men: Study

    Study predicts risk of 5 types of heart failure using AI tools

    Researchers develop device to detect brain tumour through urine

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    1 in 6 N.Korean kids under 5 suffer from stunted growth: Report

    1 in 6 N.Korean kids under 5 suffer from stunted growth: Report

    UP districts fall short of immunisation targets

    UP districts fall short of immunisation targets

  • Auto
    Tesla to open Superchargers to non-Tesla EVs in Canada

    Tesla to open Superchargers to non-Tesla EVs in Canada

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    Mitsubishi XRT Concept Debuts At Bangkok

    BMW Concept Touring Coupé: A Timeless Symbol Of Freedom

    BMW Concept Touring Coupé: A Timeless Symbol Of Freedom

    The new 2024 BMW 5 Series & i5 Sedan

    The new 2024 BMW 5 Series & i5 Sedan

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    Ferrari Purosangue & Vision Gran Tourismo

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    Acura Integra Type S – High-Performance Proportions and Design

    Lamborghini Super Trofeo: Three Series In Four Continents For 2023

    Lamborghini Super Trofeo: Three Series In Four Continents For 2023

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    Kia EV6 GT Crowned 2023 World Performance Car

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    India successfully puts into orbit its first 2nd Gen navigation satellite (Ld)

    India successfully puts into orbit its first 2nd Gen navigation satellite (Ld)

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    48 US states sue telecom company over billions of illegal robocalls

    Xiaomi India joins Optiemus to manufacture audio products locally

    Xiaomi India joins Optiemus to manufacture audio products locally

    Smartphone app may help spot stroke symptoms as they occur

    Arm introduces new chips to boost smartphone performance

    Nvidia announces new AI supercomputer ‘DGX GH200’

    Nvidia announces new AI supercomputer ‘DGX GH200’

    Acer launches new gaming laptop ‘Aspire 5’ in India

    Acer launches new gaming laptop ‘Aspire 5’ in India

    Researchers develop device to detect brain tumour through urine

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    Zomato joins Dial4242 to provide ambulance, medical support to delivery partners

    Zomato joins Dial4242 to provide ambulance, medical support to delivery partners

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    ISRO to test in July crew safety system of Gaganyaan project rocket

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    Jadeja’s last ball four helps CSK beat Gujarat Titans by 5 wickets, clinch record-equalling 5th IPL title

    ‘I felt like we left something behind in 2019’, says Cummins ahead of 2023 Ashes challenge

    ‘I felt like we left something behind in 2019’, says Cummins ahead of 2023 Ashes challenge

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    IPL 2023: ‘Look like it’s just breakfast for him’, says Hardik on Gill making habit of scoring 100s

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    Ricky Ponting reveals best combined Australia-India Test XI ahead of WTC final

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    WTC 2021-23: Gaffaney, Illingworth to be on-field umpires for India v Australia Final

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    ‘Tilak Varma should focus on improving his weaknesses’: Sehwag offers valuable advice to young MI star

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    Alex Carey reveals support from wicket-keeping greats ahead of WTC final

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    Mcdonald’s Canada To Open Its First Standalone Mccafé at MTL Airport

    Mcdonald’s Canada To Open Its First Standalone Mccafé at MTL Airport

    Tim Hortons launches new Loaded Bowl and Loaded Wrap

    Tim Hortons launches new Loaded Bowl and Loaded Wrap

    Sipping on India inspired beverage favourites

    Sipping on India inspired beverage favourites

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    Treat your mum to homemade delicacies

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    Agri-Food Sector Immigration Pilot Extended

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    Nature’s Path Supports 15 Community Gardens with more than $100,000

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    Spice Up Your Life with Bengali-Style Fish Curry: Rui Macher Jhol

    Spice Up Your Life with Bengali-Style Fish Curry: Rui Macher Jhol

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Indices fall for sixth straight day, Sensex sheds 2.7% this week cumulatively

by Voice
May 13, 2022
in Business
Reading Time: 3 mins read
Indian equities extend losses; Sensex down over 300 pts
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New Delhi, May 13 – Indian equity benchmark indices have extended their fall for the sixth straight day on Friday, led by losses in banking, financial and metal stocks.

Shedding its entire opening gains, the domestic indices entered into the red territory later in the day on Friday.

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Sensex closed at 52,794 points, down 137 points or 0.3 per cent, whereas Nifty closed at 15,782 points, down 26 points or 0.2 per cent.

Notably, equity investors were concerned about the persistent high inflation globally and tightening monetary policy stance by several central banks.

India’s retail inflation accelerated to 7.79 per cent in April due to high fuel and food costs. The inflation print remained above the tolerance limit of the central bank for a fourth month in a row.

“Domestic markets witnessed a rebound as buyers took the recent correction into their advantage following the trend of the global market. However, the weakness seen in the banking sector triggered a late selloff,” said Vinod Nair, Head of Research at Geojit Financial Services.

The US Fed cautioned against an aggressive policy stance in order to bring inflation under the Fed’s comfort zone of 2 per cent, Nair added.

Global stocks rose on Friday on account of bargain buying after Federal Reserve Chair Jerome Powell pushed back against speculation of steeper interest-rate hikes.

Risk sentiment was also boosted by a rebound in cryptocurrencies, said Deepak Jasani, Head of Retail Research, HDFC Securities.

“The fact that Nifty keeps witnessing selling pressure on rises during the day is disappointing as it seems to be a regular phenomenon lately. 15,671 is the near term low where the Nifty could take support,” he said.

The fresh selling pressure in the banking pack is further adding to the negativity, said Ajit Mishra, VP, Research, Religare Broking.

“We thus reiterate our negative view and suggest continuing with the ‘sell on the rise’ approach. Since most sectors are reeling under pressure, participants should align their positions accordingly and avoid contrarian bets.”

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