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June 24, Saturday 2017 9:14 PM       

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       BUSINESS Next Article: SBI cuts lending rate by 90 bps; others likely to follow suit  
       Sensex begins 2017 on negative note, down 132 points
 
         Posted on :16:31:46 Jan 2, 2017
   
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       Last edited on:16:31:46 Jan 2, 2017
         Tags: Sensex, negative note, 132 points
 
MUMBAI: Stock markets opened on a subdued note on the first trading day of 2017, with the benchmark BSE Sensex falling over 132 points in early trade on profit-booking after recent gains.
 
The 30-share index, which had gained 415.78 points in the previous two sessions, fell 132.37 points, or 0.50 per cent, to 26,494.09 in early trade today.
 
Stocks of FMCG, teck, IT and auto were major losers, dragging the key indices down.
 
Bucking the trend were stocks of realty companies, which were in demand after Prime Minister Narendra Modi on December 31 announced that loans of up to Rs 9 lakh taken in the new year under the new scheme of Pradhan Mantri Awas Yojana will receive interest subvention of 4 per cent and loan of up to Rs 12 lakh will get a 3 per cent interest waiver.
 
Shares of Unitech, DLF Ltd, HDIL, Oberoi Realty, Sobha Ltd, Godrej Properties, Indiabulls Real Estate and Omaxe Ltd trading in positive zone with gains of up to 5 per cent.
 
The broad-based NSE Nifty was down 44.80 points, or 0.54 per cent, to 8,141.
 
Brokers said that profit-booking in stocks that logged gains recently, and absence of cues from other global markets which are closed today, left an impact on the markets.
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       BUSINESS
Next Article: SBI cuts lending rate by 90 bps; others likely to follow suit
 
 
BUSINESS HEADLINES
Spice GST Suvidha provider is all geared up for July 1st  
Sensex tumbles 153 pts on profit-booking  
Sensex hits all-time high of 31,522  
RBI to keep rates unaltered in near term: D&B  
Sensex surrenders record gains on GST blues, mixed global cues  
GST to be rolled at midnight June 30: Jaitley  
India plans SAARC meet for startups: Nirmala  
Rupee gains 11 paise against dollar, stocks play anchor  
"Rs 700 cr worth of Momentum Jharkhand proposals implemented"  
JK govt to seek complete consensus before GST implementation  
Mobile data consumption rose 142% in last 3 yrs: Kant  
Gold loses sheen on weak global cues, muted demand  
Rupee opens lower by 15 paise against dollar  
Nifty ends below 9,600 post Fed rate hike  
Paytm, 1mg offer discounts ahead of GST  
Customers may get Rs 5,000 if int'l SIM card fails  
Sensex closes higher, Nifty advances as inflation cools  
RBI issues new Rs.500 bank notes with inset letter 'A'  
Govt close to resolution on stressed power projects: Goyal  
Inflation at record low of 2.18%; factory output slows to 3.1%  
Cut down on salads to save costs: AI staff  
GST: Lowers tax for 66 items, price of coir and cashew to go down  
GST Council revises rates for cinema tickets  
GoAir to launch additional flight on Delhi-Patna route  
Alibaba Cloud to open data centres in India, Indonesia  
 
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