18
Aug

Closing Bell: Sensex ends over 250 pts lower post Sikka’s resignation; Nifty below 9850

Closing Bell: Sensex ends over 250 pts lower post Sikka’s resignation; Nifty below 9850

15:30 Near Market: Mostly crossed by a weak trading day on Infosys, the benchmark indices finished the session and the week on a negative note, with Nifty’s 9900 mark.

The Sensex closed 270.78 points at 31524.68, while the Nifty finished 66.75 points lower at 9837.40. Market width was negative as 1,003 shares rose, compared with a decrease of 1,527 shares, while 124 shares were unchanged.

IT inventories decreased, followed by pharmaceuticals, which also witnessed weak movements. Midcaps, on the other hand, cut a good chunk of his losses, while the JI and FMCG won.

HUL, Bharti Airtel and BPCL earned the most on both indices, while Infosys and Sun Pharma lost the most.

15:10 Market Verification: The benchmark indices were observed by reducing a good chunk of its losses, with Nifty trading above 9800-mark.

The Sensex fell 288.14 points to 31507.32, while the Nifty fell 69.95 points to 9834.20. Market width was negative as 821 shares increased against a decrease of 1,597 shares, while 113 shares were unchanged.

14:50 The exit of Sikka weighs on the portfolio of Murthy: the surprise exit of Vishal Sikka of Infosys weighed heavily on D-Street which cost its shareholders a theoretical loss of market capitalization of about 27 000 crores whereas the investment Cumulative family of Narayana Murthy saw a Decline of about Rs 1,000 crores whereas stocks reached a multi-year level.

Infosys who started with a gap on the lower side slipped more than 13 percent to hit his multi-year low of Rs884.20 in exchange on Friday.

The promoter and the promoter group hold cumulatively nearly 29.28.06.199 shares in Infosys and Narayana Murthy and his family hold 7 90.02, 104 shares according to the BSEIndia website.

N Narayana Murthy holds 87,18,688 shares while Akshata Murthy held 2,04,25,648 shares. Sudha Murthy holds 1,80.58,640 shares and Rohan Murthy has held 3.17.99,128 shares from the June quarterly data.

The cumulative notional loss that Narayana Murthy underwent today is a little over Rs 100 crore while other members of the family have seen a national loss of just over Rs 900 crores (see table) at From the closing price of Thursday of Rs 1,020.85 on the NSE.

14:30 European update: European stocks fell sharply on Friday morning as investors reacted to the worst terrorist attack in Spain for more than 13 years.

The pan-European Stoxx 600 decreased 0.77% shortly after the opening bell with almost all sectors and major stock markets on the negative territory.

The travel and leisure sector in Europe led the losses on Friday morning, in reaction to the attack in Spain. Airlines including Easyjet, Ryanair and Lufthansa were among the largest in the first deals, each down by more than 2 percent.

2:15 pm Market Verification: Fall in IT bellwether, Infosys, continued to weigh on the benchmark indices while they continued to trade low. That said, the indices were out of the weak points of the day.

The Sensex decreased by 354.42 points to 31441.04, and the Nifty decreased by 95.40 points to 9808.75. The width of the market was negative as 674 shares rose against a decline of 1,686 shares, while 102 shares were unchanged ….

18
Aug

14 dead in twin attacks as Spanish police launch manhunt

14 dead in twin attacks as Spanish police launch manhunt

BARCELONA: Spanish police hunted Friday for the driver who crashed a truck into a crowd of pedestrians on a busy avenue in Barcelona, ​​hours before a second such attack in a nearby complex in the two attacks that have left 14 dead and More than 100 injured.

Police said they killed five suspected “terrorists” during the night and the other three were arrested, while Spain mounted the double tragedy in Barcelona and Cambrils, about 120 kilometers (75 miles) south.

But the driver responsible for the carnage in Spain’s second largest city remained free, warned authorities, while police said they believed the two attacks were linked.

At a decisive moment, Prime Minister Mariano Rajoy, King Felipe VI and the president of Catalonia, where the two places are, had a moment of silence in Barcelona, ​​followed by applause and shouts of “no fear”.

Both attacks followed the same mode of operation, drivers who deliberately targeted pedestrians with their vehicles, hitting them on the ground or sending them flying in the last attack in Europe, where cars and vans were used as weapons of terror before.

Javier Zaragoza, prosecutor advised the Attorney General against terrorism, told AFP that the attacks were probably the work of a “cell” organized.
Otso Iho of Jane Terrorism and Insurgency Center says that it appears to be “a much higher level of coordination than was typically present in earlier attacks.”

At a further turning point, police say an explosion in a house in another part of Catalonia Wednesday night could be linked to the attacks, in the belief that people “were preparing an explosive device.”

While world leaders have come together to condemn violence, the Islamic group’s propaganda agency QAMA said that one of its “soldiers” ramps carried out in Barcelona.

In the incident in Barcelona, ​​a white van accelerated the popular Ramblas full of tourists Thursday afternoon, beat and kill 13 people in a scene of chaos and horror.

The driver left the vehicle on the bustling boulevard full of shops and restaurants, and fled on foot.

Witnesses described how the van pushed the crowd, leaving bodies scattered along the boulevard, while others have fled their lives, screaming from panic scenes of chaos and confusion.

“We were on the city tour bus, we were 20 feet from the accident when it happened. We heard the truck and the impact with the people, so we saw people running,” said Alex Luque, a 19-year-old student from New York.

“We separated from my grandparents and had to take my younger sister to try to find security,” he said Friday, adding that he had been reunited with his family.

Thus, eight hours later, the attackers struck again in the early hours of Friday morning, this time in the coastal town of Cambrils, where an Audi A3 car collided with pedestrians, wounding six civilians and a policeman. One of the civilians died later.

18
Aug

Why Japan lent support to India against China over Doklam standoff

Why Japan lent support to India against China over Doklam standoff

China seems to lose diplomatic “war” over Doklam. Japan has become the third influential country in the world to support India’s position on Doklam Standoff. In fact, Japan has spread the ambiguity that the United States and the United Kingdom have shown in supporting India.

Japan’s support for India came a month after leading a Chinese newspaper, the Global Times warned New Delhi against the bank in Tokyo in case of conflict over the Doklam issue.
And, here, Japan offers unconditional support to India against aggressive Chinese persistence in Doklam. “India should not have the support of the United States and Japan because their support is illusory,” said a Golbal Times editorial, which is controlled daily by the Chinese government.

GROWING DIPLOMATIC SUPPORT FOR INDIA
Speaking at India’s Conclave in June, Defense Minister Arun Jaitley said: “India in 2017 is different from India in 1962.” The statement came in the context of Chinese rhetoric about the Doklam impasse that India must learn from the military debacle of 1962 when the two countries fought a war.

China had only taken the statement of the Minister of Defense for Indian military power, but ignored India’s diplomatic prowess.

Although most European countries are in “wait and see” mode in the Doklam impasse, support seems to be increasing for India. While the United States and the United Kingdom supported India’s position to resolve the problem through dialogue, while China called for talks with the early withdrawal of Indian troops from Doklam.

A US congressman said earlier this month that China has taken some provocative measures that have grown into the current setback on the shelf. The United Kingdom has explicitly stated that Doklam is a bilateral problem between India and China and that dialogue must be resolved.

This is exactly what Foreign Minister Sushma Swaraj told Parliament during a statement on Doklam Standoff.
But the Japanese movement seems to have taken China by surprise. Beijing criticized Japan saying that Tokyo did not have the facts of Doklam.
JAPAN SUPPORT IS NOT A SURPRISE

But Japan’s support of India over Doklam’s opposition comes as no surprise. In fact, it was Japan in January 2014 who asked India to forge a team to thwart Chinese expansionist movements in the East China Sea as well as the Himalayas.

Japan’s call for a united opposition to Chinese movements came in the context of a unilateral Beijing move to change the status quo in the East China Sea where it had imposed the Air Defense Identification Zone (ADIZ).

Japanese Minister of Defense, Itsunori Onodera, said: “Japan and India should call for dialogue with Chinese countries and tell China not to change the status quo by force.” Through international dialogue and surveillance