Tech Mahindra, the top loser in the Sensex pack, shed over 2.5 per cent. It was followed by UltraTech Cement, Reliance Industries, HCL Tech, HDFC, Kotak Bank, HDFC Bank and TCS. NSE Nifty plunged 179.35 points to 17,745.90.
Russian Sports Minister Vitaly Mutko said on Thursday his country's doping scandal was payback from those unhappy Russia had won the rights to host the 2018 FIFA World Cup.
BSE benchmark Sensex nursed losses on Friday as investors pocketed gains after a five-session winning streak amid a bearish trend overseas. A depreciating rupee and foreign fund outflows further soured risk sentiment, traders said. The 30-share gauge, which had started the trade on a firm note, soon gave up all the gains and finally ended 651.85 points or 1.08 per cent lower at 59,646.15. The broader NSE Nifty snapped its eight-day rally to close at 17,758.45, down 198.05 points or 1.10 per cent.
Exchanges have twin roles: commercial and regulatory.
It was a day of surprises at Flushing Meadows in New York as seeded players were knocked out one after the other on Friday.
Gold prices are struggling and are down 18 per cent from their March highs. But stock prices have fallen even more. As a result, the precious metal has begun to outperform equities - both in the domestic market and international markets. Gold prices are up 2.6 per cent in the domestic market in the current calendar year (CY22) so far, according to the World Gold Council (WGC), compared to a 1.7 per cent decline in the Sensex year-to-date (YTD).
At interactions last week with senior officials from the Reserve Bank of India, select banks gave feedback on two key bond market concerns, namely, recent volatility in the rupee-dollar exchange rate and heavy losses incurred on floating rate government bonds due to a demand-supply mismatch, sources told Business Standard. The discussions were held ahead of the RBI's next monetary policy statement, scheduled on August 5. Indian banks are large holders of government securities because of a regulatory mandate to set aside a certain percentage of deposits in sovereign bonds.
Equities went into a tailspin on Wednesday after the Reserve Bank surprised the market with a mid-cycle rate hike in a bid to tame soaring inflation.
On Friday, Federation Football Australia FFA chief Frank Lowy rejected criticism of Australia's failed bid for the 2022 World Cup, saying the country ran a "clean campaign".
Sonia Chahal stormed into the finals of Women's World Boxing Championships by outclassing her North Korean opponent Jo Son Hwa
Germany is now sitting on a mountain of savings.
Shaktikanta Das is a master of the finest balancing act who listens to all but takes his own decisions, discovers Tamal Bandyopadhyay.
Equity benchmarks mustered gains for the first time this week on Thursday as investors piled into the recently-battered metal, bank and IT stocks amid expiry of monthly derivative contracts. Snapping its three-session losing streak, the 30-share BSE Sensex rallied 503.27 points or 0.94 per cent to settle at 54,252.53. On similar lines, the broader NSE Nifty gained 144.35 points or 0.90 per cent to end at 16,170.15.
FIFA presidential candidate Luis Figo will hope to convince delegates at this week's Asian Football Confederation Congress that a vote for him would boost the region's chances of more places in future World Cup finals.
India will host the FIFA Under-17 World Cup football in 2017 with the world governing body awarding the right to host the prestigious tournament to the country in its executive committee meeting in Salvador da Bahia in Brazil.
Indian-American Louisiana governor Bobby Jindal and Chris Christie, the governor of New Jersey which has a significant presence of the Indian-origin community, exchanged some feisty barbs on the state of the US economy during a Republican undercard debate.
Croatian ninth seed Marin Cilic reached the Wimbledon quarter-finals for the third year running after Kei Nishikori quit with a rib injury midway through their fourth round match on Monday.
Prime Minister Modi on Saturday congratulated President Trump and the people of the US on the country's 244th Independence Day, saying as the world's largest democracies "we cherish freedom and human enterprise that this day celebrates".
The Indian teams made winning starts in the Open and women's sections of the 44th Chess Olympiad in Chennai on Friday.
India has abstained on yet another resolution involving Ukraine, this time a motion sponsored by Russia at the United Nations Security Council (UNSC) that sought to establish a commission to investigate claims by Moscow that the United States and Ukraine are carrying out 'military biological activities' in laboratories in Ukraine in violation of the biological weapons convention.
From the political maelstrom in Washington to the humanitarian disaster in Yemen to the deadly unrest along the Israel-Gaza border, photographers captured a world in turbulent transition.
Sanjeet Kumar won a gold medal in the 91 kg weight category at the Asian Boxing Championships.
Ibrahimovic and Lukaku, who played together at Manchester United, exchanged words at the end of the first half before the pair had to be restrained as the players left the pitch for the interval.
In a major relief to thousands of Indian IT professionals, a federal judge in the US on Thursday blocked the enforcement of a temporary visa ban by the Trump administration on a large number of work permits, including the most sought after H-1B visas, ruling that the president exceeded his constitutional authority.
The Orwellian surveillance State is here. And here to stay, asserts Virendra Kapoor.
"We share important interests with India. We share important values with India. And we know India has a relationship with Russia that is distinct from the relationship that we have with Russia. Of course, that is okay," Price told reporters at his daily news conference on Friday.
We have not suffered such huge price shocks across so many basic commodities, at the same time, in decades. Has the inflationary impact of all this been factored into stock prices as yet, asks Debashis Basu.
The leaders of the two countries "discussed the main aspects of bilateral cooperation and exchanged views on current regional topics, including developments in South Asia," said a brief statement issued by the Russian President's office - Kremlin.
Thai shuttler Bodin Issara has been suspended by his club Granular until the end of the year for his on-court punch-up with former doubles partner Maneepong Jongjit during Sunday's Canada Open final, local media reported on Saturday.
Defending champion Viswanathan Anand will start his campaign with black pieces against Magnus Carlsen of Norway in the first game of the 12-round World Chess Championship in Chennai on Saturday. After declaring the 'FIDE World Championship Match-2013' open, Tamil Nadu Chief Minister J Jayalalithaa picked the photograph of Anand from the first bowl and a 'black piece' from the other during the draw of lots for the match, to be held at Hyatt Regency hotel.
The speed at which he led the central bank in different areas -- ranging from internal reorganisation to inflation fighting, stabilising the currency, taking on rogue corporations, cleaning up bank balance sheets, and opening the sector -- makes one believe that Rajan knew he had only three years to do his job. A fascinating excerpt from Tamal Bandyopadhyay's MUST-READ Roller Coaster: An Affair with Banking.
India will have to show more willingness to import, and since Biden will not encourage sale of oil and gas to bridge the gap, it means there has to be more meaningful duty reduction in other areas even if Delhi baulks at a Free Trade Agreement so soon after walking out of RCEP.
Given the economic trends, it might make sense to allocate some savings to gold.
'It was not an agreement, this was his proposal and of course it (then) went to the vote at the (FIFA) executive committee'
A summary of sports events and persons who made news on Friday.
'I dedicate this medal to my country for praying for me, for supporting me. My coaches, federation, my sponsors, they have also helped me a lot.
A former president of Guatemala's football federation pleaded guilty on Friday to charges he received bribes to award lucrative media and marketing rights for football matches, the latest development in the US corruption investigation into world football's governing body FIFA.
Sweden has the world's highest negative rate.
Summary of sports events and persons who made news on Monday.
A summary of sports events and sports persons, who made news on Monday
