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Indian equities slip as global cues spook investors
18 June 2017, 12:52 | Cesar Cruz
The Sensex is trading at 31,256.94 points up by 66.38 points or 0.21 per cent.
Indian equity benchmarks gained on demand for metal stocks after broking firm CLSA upgraded its outlook on the sector; declining technology, energy shares helped arrest early volatility. BSE Mid-cap Index closed up 33.75 points or 0.23% at 14834.42 points while, BSE Small-cap Index closed up 46.69 points 0.30% at 15472.55 points.
The RBI kept the repo rate unchanged at 6.25 percent and cut SLR by 50 basis points to 20 percent.
The 30-scrip Sensitive Index (Sensex) on Wednesday opened on a higher note during the morning session of the trade. Later on profit booking, it slipped to touch a low 31,172.98 before ending 80.72 points, or 0.26 %, higher at 31,271.28. However, these were offset by losses in technology, energy and selecting banking shares. "Investors can continue to accumulate good stocks on every dip, as the underlying sentiments remain positive", Manglik added.
Indian shares may open a tad lower on Thursday as investors await the United Kingdom election, the European Central Bank policy meeting and former FBI Director James Comey's congressional testimony - all scheduled for today. Bharat Forge was the biggest gainer, the stock rose by 3.78 per cent and ended the session at Rs 1,210.30.
Pharma stocks rallied, with Aurobindo Pharma, Cipla, Sun Pharma and Dr Reddy's Laboratories climbing 2-4 percent.
The Dow and the S&P 500 rose about 0.2 percent while the tech-heavy Nasdaq Composite gained 0.4 percent. Gas utility GAIL fell as much as 4.3 percent, oil refiner International Olympic Committee dropped 2.1 percent and automaker Hero MotoCorp declined 1.5 percent.
Indian benchmark indices closed in the red after digesting RBI's policy rate action and growth outlook cut yesterday and ahead of the United Kingdom elections, the European Central Bank's policy meeting and ex-FBI Director James Comey's congressional testimony.
Flames trade for goalie Mike Smith prior to trade freeze
The Flames had a need between the pipes as Brian Elliott , last season's starter, was set to become an unrestricted free agent. Meanwhile, the Flames registered 94 points but were swept in the first round of the postseason by the Anaheim Ducks.
Stocks march on as Fed rate hike looms, dollar steady
The year-on-year gain in the CPI in May was still larger than the 1.6 percent average annual increase over the past 10 years. The Australian dollar is little changed at.7578 per dollar after Australia's jobs report crushed expectations.
Coconut oil isn't healthy. It's never been healthy
One reminder that may surprise some people - coconut oil may come from a tree, but it's not a particularly healthful fat. One of today's most popular health foods, coconut oil , sits in the cross-hairs of the American Heart Association .
British inflation rate rises to 4-year high of 2.9 pct
U.S. consumers cutting down on their purchases of motor vehicles and other discretionary spending contributed to the decline. In commodities, oil prices fell more than 1 percent, on the backfoot again on worries about USA oversupply.
Johnson, McIlroy and Day miss US Open cut
But the world's top three missed the cut - the first time that has happened at a major since the rankings began in 1986. Masters champion Sergio Garcia meanwhile was lurking five off the lead after a two-under-par 70.
Traffic jam at the top at Erin Hills
Not today: Jason Day of Australia shows his anguish at Erin Hills . "I think it's going to produce a really great champion". Casey birdied five holes in a row after the rough stretch and was the first player in the clubhouse at seven-under.
Hedge fund called 'greedy bastards' by Whole Foods CEO
The idea is to gravitate away from the "Whole Paycheck" perception for high prices that has dogged Whole Foods , the person said. For example, when it comes to buying fresh food, we like to feel, see and touch the fruits and vegetables we're buying.