Sci-tech

SRS Limited (SRSLTD) Dipped -6.25% on May 17

SRS Limited (SRSLTD) Dipped -6.25% on May 17

Index-wise, the S&P BSE Sensex, which had opened at 35,537.85 points, closed at 35,543.94 points, lower by 12.77 points or 0.04 per cent from the previous day's close at 35,556.71 points.

Meanwhile, the rupee recovered from the opening level of 68.14 and was trading at 67.86 against the U.S. dollar on a likely intervention from the RBI in early trade.

The Nifty Midcap index outperformed frontliners, ending below the flatline but the market breadth remained in favour of declines.

The shares of the Anil Ambani-led Reliance Communications fell as much as 15% to more than four-month low at Rs 10.50 after the Mumbai bench of the National Company Law Tribunal on Tuesday ordered that it be placed in insolvency proceedings.

Apart from political uncertainty in Karnataka, a weak trend in other Asian bourses following overnight losses at the Wall Street dampened sentiments, brokers said. The Indian rupee too followed the stock market and fell below the 68 mark for the first time since January 2017, closing at 68.07 level. Banking stocks were battered after scam-scarred Punjab National Bank posted a record loss for the March quarter amid the government tightening the screws on some senior public sector bankers. The stock now has a 52-week low of 462.6 and high of 1192.

More news: California governor slams Trump for 'lying' about immigration at 'sanctuary city' roundtable
More news: Erdogan to tighten grip on Turkish economy, rate policy
More news: Internet divided over 'Yanny or Laurel' video clip

FMCG index rallied 1.8 percent, backed by ITC that gained 1.4 percent after March quarter earnings and HUL that rose almost 4 percent.

On the Sensex, Hero MotoCorp (3.64%), ICICI Bank (2.60%), and SBI (2.51%) were the top losers.

Vivimed Labs gained 2.5 percent as the firm acquired Hungarian company, SONEAS while Granules India rose 2 percent on Establishment Inspection Report from the USFDA for Jeedimetla unit in Telangana.

The key Indian equity indices traded in the negative territory on Thursday afternoon due to weakness in the global markets along with persistent rise in crude oil prices. Brent crude futures were at United States dollars 78.01 per barrel, down 0.41 percent from their last close.


  • After posting Rs 13417 crore Q4 loss, PNB shares slump 14%

    After posting Rs 13417 crore Q4 loss, PNB shares slump 14%

    PNB shares may take support around Rs 69 per share in the near term, said Deepak Jasani, Head of Retail Research, HDFC Securities. The fraud this week dragged PNB into a $1.98 billion fourth-quarter net loss, the worst loss ever recorded by an Indian bank.
    Xbox Adaptive Controller for Players With Disabilities Officially Revealed

    Xbox Adaptive Controller for Players With Disabilities Officially Revealed

    As I discussed at the annual DICE conference in February, when we truly design for all, we help make the world more equal. SpecialEffect's Founder and CEO, Dr Mick Donegan, said: "This has been a milestone collaboration for us".

    Emilia Clarke's Solo mission to conquer a galaxy (far, far away)

    The gambling dens, watering holes and windswept outposts in this movie speak to Solo's roots as a classic Western character. Speaking of Glover, it's no spoiler to say that the Atlanta star is easily the best thing in this good-not-great movie.
  • It's not over: What just happened with net neutrality?

    It's not over: What just happened with net neutrality?

    Markey said he expects to see more Republican members of the House come out in favor of net neutrality following the vote. Democrats argue that net neutrality is necessary to keep the internet free and give all companies an equal playing field.
    YouTube Music set to launch on May 22

    YouTube Music set to launch on May 22

    Instead, we will just have to wait and see if Google wants to keep all of these different services available. So where does this leave Google Play Music? The real draw of YouTube Premium is the removal of advertising.
    Griezmann brace as Atleti win Europa League title

    Griezmann brace as Atleti win Europa League title

    Marseille fans vastly outnumbered Atletico's fans inside the Stade de Lyon, and made a nuisance of themselves throughout.
  • Tioga Downs to allow sports betting in wake of Supreme Court ruling

    Tioga Downs to allow sports betting in wake of Supreme Court ruling

    However, it would take a herculean effort by Congress to pass such a bill before football season begins this fall. It also gives them the ability to partner up to solve the complex regulatory issues surrounding sports betting.
    Mysterious rise in emissions of ozone-damaging chemical

    Mysterious rise in emissions of ozone-damaging chemical

    The chemical can be a byproduct in other chemical manufacturing, but it is supposed to be captured and recycled. Scientists have carefully monitored the progress and measured chemical compound of the planet's atmosphere.
    DRC: 3rd Ebola case confirmed, in urban area

    DRC: 3rd Ebola case confirmed, in urban area

    Ebola is most feared for the internal and external bleeding it can cause in victims owing to damage done to blood vessels. Out of the 20 persons died in DRC, 3 are health workers, Director of the Center John Nkengasong said.
  • Amazon Alexa Coders Can Now Use 8 Different Voices in Their Skills

    Amazon Alexa Coders Can Now Use 8 Different Voices in Their Skills

    They can pick from a handful of available voices (made possible by Polly, Amazon's text-to-speech service). Visit the Amazon Polly product page for more information.
    West Ham part company with manager Moyes

    West Ham part company with manager Moyes

    And stability is David Moyes . "As we speak David Moyes is on the list of managers and we'll be selecting one in due course". David Moyes has parted company with West Ham after just six months in charge.
    US, Gulf states slap sanctions on Hezbollah leadership

    US, Gulf states slap sanctions on Hezbollah leadership

    The bans were mainly targeted at Shura Council, the primary decision-making body of the resistance movement. He was "Hezbollah's" first official spokesperson and was involved in the formation of "Hezbollah".