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Sensex ends 18 pts down, TCS loses 3.70%

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Reversing early gains, the Sensex and Nifty ended lower on Friday, dragged by IT sector stocks. TCS fell the most on the BSE as the IT companies witnessed heavy selling pressure after leading US-based IT services company Cognizant revised down its revenue growth guidance.
 
Among the sectoral indices, the IT and FMCG sector stocks fell the most.
 
"Benchmark Nifty opened on a positive note and made a high of 11,766.75 in the first half of the session, but then it remained sideways. This positive start was due to fall in crude oil prices and strength in the Indian rupee which are positive factors for the Indian market," said Manish Yadav, Head of Research, CapitalAim.
 
The BSE Sensex closed 18.17 points lower or 0.05 per cent to 38,963.26 and the Nifty fell by 12.50 points or 0.11 per cent in the red at 11,712.25.
 
"Market started on a positive note supported by the strong rupee and fall in oil prices. However, gains are capped due to the premium valuation. While a fall in 10-year yield led the bank index to outperform," said Vinod Nair, Head of Research, Geojit Financial Services.
 
"Market is likely to stay range-bound due to weak global cues while better quarter results may provide an opportunity to accumulate."
 
Bharti Airtel gained the most on the BSE, followed by ICICI Bank, NTPC, Tata Motors(DVR) and Tata Motors.
 
Among the top losers were IT major TCS, declining per cent, followed by Hindustan Unilever, HCL Tech, Tata Steel and Infosys.
 
IANS
 

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R K Studios to bow out for residential, shopping complex

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The show will no longer go on at the iconic 71-year-old R K Studios. It will now make way for a swank residential complex-cum-shopping plaza through its new owner, realty major Godrej Properties Ltd., an official said here on Friday.
 
The GPL has purchased the 2.20 acres (roughly, 100,000 sq. feet) RK Studios premises in Chembur, north-east Mumbai -- founded in 1948 -- which were gutted in a major fire that engulfed it on September 16, 2017.
 
GPL, which has inked the deal for an undisclosed amount with the Bollywood's Kapoor clan -- plan to now convert it into a modern residential apartments complex and a luxury retail centre spread over a saleable area of around 350,000 sq. feet.
 
Leading realty players though point out that the current commercial property rates in and around Chembur are in the range of Rs 24,000-Rs 28,000 per sq. feet depending on the locality.
 
Executive Chairman of GPL, Pirojsha Godrej, said the deal fits with the company's strategy of deepening its presence in key locations across India's leading cities.
 
"We will seek to ensure we celebrate the remarkable legacy of this site with the goal of delivering an outstanding lifestyle for its residents," Godrej said.
 
Veteran Bollywood actor Randhir Kapoor, son of the founder of RK Stuidos, the legendary Raj Kapoor, said: "This property in Chembur, has been of tremendous significance to my family over the many decades that RK Studios has operated from there. We are excited to have chosen GPL to script a new chapter for this location and build upon its rich history."
 
Incidentally, the studio property sale deal comes barely eight months after late Raj Kapoor's widow, Krishna, passed away at the age of 87, on October 1, 2018.
 
Soon after the blaze, which also reduced to ashes precious memorabilia and costumes from the RK Films and Studios banner films over the past seven decades, the Kapoor family had expressed their inability to revive it or continue maintaining it.
 
The RK Studios was the shooting venue for some classics of RK Films like "Aag" (1948), "Barsaat" (1949), "Awaara" (1951), "Shree 420" (1955), "Jaagte Raho" (1956), "Anari" (1959), "Sangam" (1964), "Mera Naam Joker" (1970), "Bobby" (1973), "Satyam Shivam Sundaram" (1978) and many more.
 
Raj Kapoor passed away in June 1988 after which some of his incomplete films like "Ram Teri Ganga Maili" (1989) and "Henna" (1991) were also made here.
 
IANS

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Delta to launch non-stop service from Mumbai to New York from December 24

U.S. airline Delta today said it would begin flying non-stop from Mumbai to New York's John F. Kennedy International Airport from December 24, 2019. 
 
"This route establishes a new link between the financial capitals of two large trade partners and boosts competition, choice and options for customers traveling between India and the United States," a press release from Delta Air Lines said.
 
“Delta’s nonstop service between New York and Mumbai is the latest example of our international growth as we strive to connect the world better than any other airline,” said Ed Bastian, its chief executive officer.
 
Connecting through New York’s JFK, passengers will have access to more than 50 onward destinations throughout North America, Latin America and the Caribbean. Demand for flights between the U.S. and India has increased by 60 percent in the last decade, and New York is the largest U.S. market to India with the largest base of corporate customers, the release said.
 
“Delta’s return to India in time for the holiday season marks a milestone for the company,” said Roberto Ioriatti, Delta’s Vice President Transatlantic. “Our non-stop service is the fastest way for customers to travel between Mumbai and New York and thanks to the huge range on onward flights from our JFK hub, Delta is really opening up America for Indian-based business and leisure customers.”
 
Rajeev Jain, Chief Executive Officer, Mumbai International Airport Ltd said: “Flights between Mumbai and New York will provide most improved connectivity between the countries and will be extremely convenient for Indians travelling to and from the U.S.” 
 
The new service between Mumbai and New York-JFK will become Delta’s second-longest flight, and the airline will deploy its newly renovated Boeing 777-200LR aircraft on the route, featuring the Delta One Suite – an all-suite business class cabin – as well as the premium economy offering Delta Premium Select, in addition to Delta Comfort+ and Main Cabin options.
 
"Onboard, customers can enjoy a range of services, including free mobile messaging via WhatsApp, iMessage and Facebook Messenger thanks to the on-board wi-fi. Delta also offers on-demand in-flight entertainment, with movies from Bollywood and around the world available on seatback screens or to download to a mobile or tablet device. There are also amenity kits available in premium cabins plus pillows and blankets for increased comfort for Main Cabin customers and regional cuisine.
 
"Passengers in the Delta One cabin enjoy a private space accessed by a sliding door with personal stowage areas and fully-flat bed. They also have the ability to choose their main meal in advance of their flight so they may receive their first choice dish," the release said.
 
The flight will leave Mumbai at 1250 am and reach JFK at 6.35 am. On the return journey, it will leave New York at 9.15 pm and arrive in Mumbai at 10.50 pm the next day.
 
"Customers can today access New York and the rest of Delta’s U.S. network from Mumbai via its European hubs at Amsterdam, London Heathrow and Paris Charles de Gaulle through Delta’s partnerships with Air France, KLM and Virgin Atlantic.
 
"Delta has grown its presence in New York City by over 65 percent in the last 10 years and today operates more than 500 peak-day departures from its hubs at LaGuardia Airport and John F. Kennedy International Airport – including more than 200 daily departures from JFK, where Delta and its partners serve 43 international destinations in 32 countries," the release added.
 
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Key market indices open on flat note on Asian cues

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The key Indian equity indices opened on a flat note on Friday tracking a mixed trend in the Asian markets.
 
The indices, however, rose marginally within 15 minutes into the trade.
 
The BSE Sensex opened at 39,009.55 against the previous close of 38,981.43 points. At 9.28 a.m., it traded at 39,060.36, higher by 78.93 points or 0.20 per cent from its previous close.
 
It has so far touched an intra-day high of 39,077.28 and a low of 38,961.76 points
 
The Nifty50 on the National Stock Exchange had opened at 11,722.60, lower than its previous close of 11,724.75 points.
 
At 9.28 a.m., it traded marginally higher at 11,738.80, up 14.05 points or 0.12 per cent from its previous close.
 
IANS
 
 

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Mumbai in IPL playoffs after Super Over win vs SRH

 
In yet another nail-biting clash of the Indian Premier League (IPL), three-time champions Mumbai Indians held their nerves to become the third team to qualify for the playoffs after defeating Sunrisers Hyderabad in the Super Over at the Wankhede Stadium here on Thursday.
 
It was Manish Pandey's 'never give up' effort which helped Hyderabad, who were chasing a 163-run target, tie the score and take the contest to a Super Over. However, Hyderabad could only manage eight runs before Mumbai overhauled the target with ease and three balls to spare.
 
Earlier, Pandey's (71 unbeaten off 47) last-ball six denied Mumbai a thrilling win as his fighting knock along with Mohammed Nabi's valuable (31 off 20) effort helped Hyderabad level the score in the stipulated 20 overs.
 
Pandey, whose scintillating knock was laced with eight boundaries and couple of sixes, kept his side in the hunt as he kept one end intact despite Mumbai jolting the visitors at regular intervals in the first 15 overs.
 
Chasing the 163-run target, Hyderabad openers Wriddhiman Saha (25 off 15) and Martin Guptill (15 off 11) handed a fine start as the visitors raced away to 30 runs in the first three overs. Jasprit Bumrah came with the first breakthrough for Mumbai, sending back Saha in the fourth over.
 
Just when the hosts added another 17 runs, Bumrah struck again to account for the other Hyderabad opener in the sixth over, leaving them at 57/2. Krunal Pandya was then successful in making further inroads in the visiting batting line-up as he claimed Kane Williamson (3 off 7) soon, which reduced Hyderabad to 65/3.
 
Krunal struck again to dismiss Vijay Shankar (12) while his brother Hardik Pandya also joined the party, sending back Abhishek Sharma (2) cheaply, which left the visitors reeling at 105/5 in 14.3 overs.
 
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Despite the blows, Pandey kept his wicket safe and was later involved in a crucial 49-run partnership with Nabi. The duo not only prevented Mumbai from making any further onslaughts but also helped their side touch the 150-run mark in 19.3 overs.
 
Just when it seemed the duo would easily drive their side home, Hardik came with a twist in the tale as he sent back a good-looking Nabi with two balls left.
 
With eight needed of the final two deliveries, Pandey took a couple in the second last delivery before slamming Hardik for a maximum at long-on to keep the contest alive.
 
For Mumbai, Bumrah, Hardik and Krunal scalped couple of wickets each.
 
Earlier, opting to bat first, Mumbai rode opener Quinton de Kock's valiant knock of 69 (unbeaten) off 58 balls to post 162/5.
 
Despite getting little support from the other end, de Kock kept his cool and helped the three-time champions reach a respectable total. The opener's knock contained six boundaries and two hits into the stands.
 
Mumbai were off to a decent but cautious start with the scoreboard reading 26/0 in the initial three overs. While Rohit Sharma (24 off 18) clobbered Hyderabad bowlers, de Kock played second fiddle to the Mumbai captain.
 
Khaleel drew first blood for his side and sent back a dangerous looking Rohit in the sixth over, leaving Mumbai at 36/1. The Mumbai skipper played an overambitious pull shot on a delivery that bounced a bit more and popped up in the air only to be caught by Nabi at mid-on.
 
Incoming batsman Suryakumar Yadav (23 off 17) and de Kock then tried to repair the early damage, adding 54 runs for the second wicket. Just when the home side was approaching the three-digit mark, Khaleel struck again to break the partnership. He cut short Suryakumar's stay in the middle, reducing Mumbai to 90/2 in 11.2 overs.
 
Nabi spelled further trouble for Mumbai and just after the addition of a run, he packed back Evin Lewis (1 off 6) in the 13th over.
 
Hardik then played a quick 10-ball 18, with the help of a four and a six. But the Mumbai all-rounder failed to spend much time in the middle as Bhuvneshwar Kumar applied brakes on his innings in the 16th over, with Mumbai placed at 119/4.
 
Kieron Pollard (10 off 9) and de Kock then shared a short 32-run partnership for the fifth wicket, helping their side cross the 150-run mark in 18.5 overs. Pollard was dismissed in the final over by Khaleel before Krunal Pandya chipped in with an unbeaten 9 off three balls as Mumbai reached a fighting total.
 
For the visitors, Khaleel bagged three wickets for 42 runs and Bhuvneshwar and Nabi got one wicket each.
 
Brief scores: Mumbai Indians 162/5 (Quinton de Kock 69, Rohit Sharma 24; Khaleel Ahmed 3/42) beat Sunrisers Hyderabad 162/6 (Manish Pandey 71 not out, Mohammad Nabi 31; Hardik Pandya 2/20) in Super Over.
 
IANS
 

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ED chargesheets fugitive Islamic preacher Zakir Naik

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The Enforcement Directorate (ED) has filed charge sheet against fugitive Indian Islamic preacher Zakir Naik, accusing him of delivering "incriminating" speeches during the peace conferences organised by his Islamic Research Foundation (IRF) in Mumbai during 2007 and 2011, and charged him for money laundering of Rs 193.06 crore.
 
While filing the charge sheet, the ED requested the special court for punishment and confiscation of Naik's attached properties worth Rs 50.46 crore for involvement in money laundering. This is the second charge sheet against Naik, who fled India on July 1, 2016, and is currently living in Malaysia.
 
The attached properties belonging to Naik include investment in mutual funds, Islamic International School in Chennai, 10 residential flats, three godowns, two buildings and land in Pune and Mumbai, and 10 bank accounts worth Rs 50.46 crore.
 
"Proceeds of crime totalling Rs 193.06 crore have been quantified in the case. Other than these attachments, investigation in respect of investments of Zakir Naik in Dubai to ascertain and identify the properties outside the country is under progress," the ED said. 
 
The ED had initiated investigation based on the FIR registered by the National Investigation Agency (NIA) against Naik and his associates for his involvement in unlawful activities through his provocative utterances, thus promoting enmity and hatred between different religious groups in India. 
 
The NIA had filed a final charge sheet in the Special NIA Court in Mumbai on October 26, 2017.
 
"Investigations revealed that most of the incriminating speeches of Naik were delivered during the peace conferences organised by IRF in Mumbai during 2007-2011. The conferences were planned, organised, funded and promoted by the IRF and people of other religions were openly converted to Islam by Naik," the ED said.
 
The agency said that Naik's inflammatory speeches and lectures have inspired and incited a number of Muslim youths in India to commit unlawful activities and terrorist acts. 
 
"His thoughts created disharmony amongst various faiths and created hatred amongst people. The speeches and lectures were recorded in audio-visual format by Harmony Media Pvt Ltd, Mumbai and thereafter the recordings were edited by it for public viewing." 
 
Harmony Media forwarded the edited version to Global Broadcasting Corporation (GBC), Dubai and IRF International, UK for further broadcast on Peace TV across the globe, according to the Directorate.
 
"Further, master DVD of Naik's speeches were made for further replication and distributed to general public for maximum circulation."
 
During the investigation, the ED said, it learnt that IRF received Rs 64.86 crore during 2003-04 to 2016-17, mostly from various dubious and unknown sources. 
 
"Majority of the funds were utilised for organising peace conferences. Provocative speeches were made and religious conversion to Islam were propagated during these peace conferences." 
 
The IRF received donations in response to the appeals made by Naik during the course of his controversial speeches and thus these donations were proceeds of crime emanating from criminal activity, said the ED, adding that the money trail led to identification of one school building in Chennai valued at Rs 6.2 crore, mutual funds of Rs 9.41 crore and ground floor of a building in Mumbai, and these were provisionally attached. 
 
It also revealed that Rs 49.20 crore was received during 2012-2016 from Naik's accounts maintained in the United Arab Emirates (UAE) to his personal accounts in India. 
 
"Source of his income in UAE is not known. Naik transferred these funds to India and purchased properties in Mumbai and Pune by layering of funds in the name of his close relatives. He used the funds to the tune of Rs 17.65 crore for purchase of properties.
 
"In order to disguise the origin of funds and real ownership of properties, the initial payments made from Naik's accounts were diverted to the accounts of his wife, son and niece and re-routed again for the purpose of making bookings in the name of his family members."
 
It further said that several companies were established by Naik in the UK and India by placing his close confidants and relatives as directors to camouflage the diversion of funds received by him and his trust through his "illegal activities" of provocative speeches, and also for propagating hate speeches. 
 
Two persons -- Amir Gazdar and Najamuddin Sathak -- have also been arrested in connection with this case by the ED.
 
"Investigation has also revealed that Zakir Naik was also involved in suspicious unaccounted cash transactions. Further investigation is under progress."
 
IANS
 

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IPL: Quinton de Kock's 69 helps Mumbai post 162/5 vs Hyderabad

 
Mumbai Indians rode opener Quinton de Kock's valiant knock of 69 (unbeaten) off 58 balls to post 162/5 in 20 overs against Sunrisers Hyderabad (SRH) in their return fixture of the Indian Premier League (IPL) at the Wankhede Stadium, here on Thursday.
 
Despite getting little support from the other end, de Kock kept his cool and helped the three-time champions reach a respectable total. The opener's knock contained six boundaries and two hits into the stands.
 
Opting to bat, Mumbai were off to a decent but cautious start with scoreboard reading 26/0 in the initial three overs. While Rohit Sharma (24 off 18) clobbered Hyderabad bowlers, de Kock played second fiddle to the Mumbai captain.
 
Khaleel Ahmed drew first blood for his side and sent back a dangerous looking Rohit in the sixth over, leaving Mumbai at 36/1. The Mumbai skipper played an overambitious pull-shot on a delivery that bounced a bit more and popped up in the air only to be caught by Mohammed Nabi at mid-on.
 
Incoming batsman Suryakumar Yadav (23 off 17) and de Kock then tried to repair the early damage, adding 54 runs for the second wicket. Just when the home side were approaching the three-digit mark, Khaleel struck again to break the partnership. He cut short Suryakumar's stay in the middle, reducing Mumbai to 90/2 in 11.2 overs.
 
Nabi spelled further trouble for Mumbai and just after the addition of a run, he packed back Evin Lewis (1 off 6) in the 13th over.
 
Hardik Pandya then played a quick 10-ball 18, with the help of a four and a six. But the Mumbai all-rounder failed to spend much time in the middle as Bhuvneshwar Kumar applied the brakes on his innings in the 16th over, with Mumbai placed at 119/4.
 
Kieron Pollard (10 off 9) and de Kock then shared a short 32-run partneship for the fifth wicket, helping their side cross the 150-run mark in 18.5 overs. Pollard was dismissed in the final over by Khaleel before Krunal Pandya chipped in with an unbeaten 9 off three balls as Mumbai reached a fighting total.
 
For the visitors, Khaleel bagged three wickets for 42 runs and Bhuvneshwar and Nabi got one wicket each.
 
Brief scores: Mumbai Indians 162/5 (Quinton de Kock 69, Rohit Sharma 24; Khaleel Ahmed 3/42) vs Sunrisers Hyderabad.
 
IANS
 

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Wickets in England to assist batsmen during World Cup, feels Sachin

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Batting great Sachin Tendulkar reckons that the wickets in England and Wales, set to host the 2019 Cricket World Cup starting May 30, will assist batsmen and bowlers might struggle to swing the ball.
 
Sachin said the summer conditions, which will prevail during the showpiece event, will not help bowlers much and the pitches will behave in a similar way as during the 2017 Champions Trophy in England.
 
"I am told it's going to be a hot summer. Even during the Champions Trophy, the wickets were superb when the sun was out. In the heat, the wickets get really flat. I am sure they will give beautiful tracks to bat on," the 46-year-old said on the sidelines of the inauguration of the MIG Club pavilion named after him.
 
"I don't think there will be much difference in the conditions unless there is a heavy cloud cover. If there is a cloud cover, the ball might go around a bit. Even if that's the case, I don't see that happening for a longer duration, may be just in the initial overs," he said.
 
Sachin also felt as several Indian players, including captain Virat Kohli, M. S. Dhoni, Hardik Pandya and Shikhar Dhawan, are performing well in the ongoing Indian Premier League (IPL), it will help in boosting their confidence for the World Cup.
 
"A good performance in any format is good news because it gives the player confidence. If you are confident, that's important," he said.
 
"The players have time to make some adjustments according to the conditions. All of them have played enough cricket to know what to do to improve," Sachin remarked.
 
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IPL: Mumbai win toss, opt to bat against Hyderabad

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Mumbai Indians skipper Rohit Sharma won the toss and opted to bat against Sunrisers Hyderabad in their return fixture of the Indian Premier League (IPL) at the Wankhede Stadium, here on Thursday.
 
While the hosts has kept the team unchanged, the visitors made two changes in their team as Martin Guptill and Basil Thampi came in for David Warner and Sandeep Sharma.
 
Playing XI:
 
Mumbai Indians: Quinton de Kock (wicket-keeper), Rohit Sharma (Captain), Evin Lewis, Suryakumar Yadav, Kieron Pollard, Hardik Pandya, Krunal Pandya, Barinder Sran, Rahul Chahar, Jasprit Bumrah and Lasith Malinga
 
Sunrisers Hyderabad: Wriddhiman Saha (wicket-keeper), Martin Guptill, Manish Pandey, Kane Williamson (Captain), Mohammad Nabi, Vijay Shankar, Rashid Khan, Abhishek Sharma, Bhuvneshwar Kumar, K Khaleel Ahmed and Basil Thampi
 
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Sensex ends below 39k, India VIX 5% up

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The Sensex closed below the 39,000 mark on Thursday, marked by heavy volatility in specific stocks. The fear-index or the 'VIX' surged over 5 per cent.
 
Analysts said the volatility was also high owing to the mixed quarter earnings and tepid auto sales.
 
The Sensex ended 50.12 points or 0.13 per cent lower at 38,981.4 and the Nifty finished -23.40 points or 0.20 per cent lower at 11,724.75.
 
Export-oriented IT and pharmaceutical stocks also finished lower as the rupee gained against the US dollar. The rupee closed at Rs 69.36 gaining over 20 paise from its previous close of 69.56.
 
"The Fed's decision to keep the interest rate unchanged was pro-growth. The Indian markets were volatile and closed lower owing to the domestic factors. Investors are nervous due to heavy stock-specific volatility in scrips like Jet, DHFL etc.." said Saurabh Jain of SMC Global.A
 
Tata Motors fell 3.3 per cent after reporting a 28 per cent fall in its passenger vehicle sales in April 2019. Jet Airways fell 12.5 per cent after a media report said there was no followup interest shown by bidders for the struggling airline on their offers, said Deepak Jasani of HDFC Securities.
 
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Indian equity markets open flat as US keeps interest rates on hold

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Taking a cue from global markets, the key Indian equity market indices on Thursday opened flat after the US Federal Reserve kept interest rates on hold.
 
The Sensitive Index (Sensex) of the BSE, which had closed at 39,031.55 on Tuesday, opened higher at 39,036.51. Minutes into trading, it was quoting at 38,971.79, down by 59.76 points, or 0.15 per cent.
 
At the National Stock Exchange (NSE), the broader Nifty 50, which had closed at 11,748.15 on Tuesday, was quoting at 11,728.40, down by 19.75 points or 0.17 per cent.
 
The markets remained closed on Wednesday on account of Maharashtra Day.
 
As many as 19 stocks advanced in the Nifty 50 index while 31 stocks declined. In the BSE Sensex 19 stocks including TCS, Tata Steel were trading in red while 11 stocks including ONGC, ITC, Coal India were trading in green at 9.21 a.m.
 
On Tuesday, both the indices had closed on a flat-to-negative note amid weak global cues. 
 
The Sensex was down by 35.78 points or 0.09 per cent at the Tuesday's closing. In the day's trade, the barometer 30-scrip sensitive index had touched a high of 39,105.88 and a low of 38,753.46. The Nifty, too was down by 6.5 points or 0.06 per cent.
 
On Thursday, Asian indices were showing mostly a mixed trend. Hang Seng was up by 0.59 per cent while South Korea's Kospi was also up by 0.45 per cent. SGX Nifty was trading in red, down by 0.64 per cent.
 
Overnight, Nasdaq closed in the red, down by 0.57 per cent while FTSE was also down by 0.44 per cent at the closing on Wednesday.
 
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Sensex closes 35 points lower, Yes Bank tanks 30%

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After a volatile trade session on Tuesday, Sensex and Nifty finished on a flat-to-negative note amid weak global cues as China reported a weaker than expected factory data and investors awaited the US Fed policy decision, due on Wednesday.
 
The BSE Sensex fell 35.78 points, 0.09 per cent lower to 39,031.55, and the broader Nifty closed 6.50 points or 0.06 per cent lower.
 
"A fresh round of panic gripped banks and finance company stocks as Yes Bank delivered a large loss for Q4 over the weekend... Participants wondered as to what would be the trickle-down effects of these developments on other finance companies, equity markets, debt mutual funds and general liquidity available in the markets," said Deepak Jasani of HDFC Securities.
 
The PSU Bank Nifty index fell the most on the NSE, closing 3.34 per cent lower. Syndicate Bank fell the most, closing over 7 per cent lower and the Central Bank, Union Bank, Bank of Baroda, Allahabad Bank and Canara Bank fell over 5 per cent.
 
"Stocks such as Yes Bank, Hero Motocorp reacted to results, while realty shares suffered on fears of liquidity drying up for them and PSU banks came under selling pressure on fears of fresh slippages occurring due to the issues faced by NBFCs and some other corporate groups," Jasani added.
 
Yes Bank finished nearly 30 per cent on the BSE after the private lender reported its first ever loss, for the fourth quarter, on account of a spike in bad loans.
 
With no resolution to its problems in sight, Jet Airways continued to fall on Tuesday, and closed 8.4 per cent lower.
 
"IT index was buzzing throughout the day and it played a vital role in defending key supports for the benchmark index. Apart from this, metal stocks witnessed a good buying interest from lower levels and hence, we expect some catch-up moves in other counters to the marquee name Tata Steel," Sameet Chavan, Chief Analyst-Technical and Derivatives, Angel Broking.
 
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Indian equities react to weak Chinese factory data

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The key equity indices opened on a dull note on Tuesday taking cues from the Asian markets which fell after China reported weaker than expected manufacturing data.
 
Besides, the markets also awaited the US Fed policy decision, due Wednesday.
 
The Sensex of the BSE opened at 39,056.92 from its previous close at 39,067.33 on Friday. At 9.18 a.m., the Sensex traded at 39,039.36, lower by 27.97 points or 0.07 per cent.
 
The stock market was shut on Monday on account of polls in Mumbai.
 
The Nifty of the National Stock Exchange (NSE) which closed at 11,754.65 on Friday, opened at 11,748.75 on Tuesday. IT traded at 11,728.70 during the morning trade session, down 25.95 points and 0.22 per cent.
 
On Friday, Foreign Institutional Investors (FIIs) who have played a key role in pushing markets to fresh highs, sold Rs 70.73 crore worth of stocks while the Domestic Institutional Investors (DIIs) off-loaded scrips valued Rs 920.88 crore.
 
The Indian stock markets will again remain closed on Wednesday, on account of Maharashtra Day.
 
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SpiceJet aircraft overshoots runway at Shirdi airport

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An aircraft of budget airline SpiceJet operating on the Delhi-Shirdi route, overshot the runway while landing at the Shirdi airport on Monday.
 
According to the airline, no harm was caused to either the passengers or the crew.
 
"On 29 April 2019, SpiceJet B737-800 aircraft operated SG 946 from Delhi to Shirdi. While landing at Shirdi, the aircraft overshot the runway. Passengers and crew are safe and are being deplaned normally," the airline said in a statement.
 
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KKR stay alive with 34-run win over MI as Hardik blitzkrieg goes in vain

 
Kolkata Knight Riders (KKR) kept their playoff hopes alive with a 34-run win over old nemesis Mumbai Indians (MI) despite Hardik Pandya's fireworks in an Indian Premier League (IPL) clash at the Eden Gardens here on Sunday.
 
Put in to bat first, KKR rode on Andre Russell's 40-ball 80 not out and half-centuries by Shubman Gill (76; 45 balls, 4x6, 6x4) and Chris Lynn (54; 29 balls, 4x8, 6x2) to post 232/2 in  their 20 overs, this season's highest total.
 
In reply, Hardik Pandya was the sole shining light for MI with a swashbuckling 91 off 34 balls (4x6, 6x9), his highest score in this format, as Mumbai managed 198/7 in 20 overs.
 
The visitors, who had not lost to KKR in their last eight meetings, were reduced to 58/4 inside nine overs with Quinton de Kock (0), Rohit Sharma (12), Evin Lewis and Surya Kumar Yadav (26) back in the hut.
 
Pandya then put on a show to bring up his fastest fifty off just 17 deliveries. The 25-year old World Cup-bound all-rounder stitched a 63-run stand off 30 balls with Keiron Pollard (20) for the fifth wicket and then added another 64 runs in quick time with brother Krunal (24) before holing out to Russell at wide long-on off Harry Gurney.
 
For the home team, Russell was the pick of the bowlers returning figures of 2/25. Sunil Narine (2/44) and Harry Gurney (2/37) also picked up two wickets apiece.
 
This was KKR's first win over Mumbai since April 8, 2015, a result which kept Rohit and Co. waiting for a place in the playoffs with two games remaining.
 
Needing a victory to even dream of a berth in the playoffs, KKR were off to a flying start riding on Lynn and Gill's 96-run opening stand which came off 57 balls. Gill's chanceless knock was also his highest T20 score.
 
After Lynn's dismissal in the 10th over, Russell made the most of a reprieve -- he was dropped on 1 by Evin Lewis -- to remain unbeaten and blast his highest score this season with the help of six fours and eight sixes, including one off the last ball of the innings.
 
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Russell shared a 62-run stand for the second wicket with Gill off 35 balls and then combined with skipper Karthik (15 not out) for an unbroken 74-run partnership which came off just 29 deliveries.
 
In the last three overs, Russell made mincemeat of Mumbai's famed bowlers Hardik, Jasrpit Bumrah and Lasith Malinga, taking 20, 15 and 20 runs off them, respectively, as the hosts plundered 55 runs in that period.
 
KKR were in business from the word go with Gill taking Barinder Sran for 14 runs in the first over of the innings, carting him for two fours and a six.
 
Lynn -- who was dropped on 18 by Keiron Pollard -- took time to get in, scoring two runs off the first seven balls before switching gears.
 
The Australian hit a boundary in every over after that before notching up his fourth fifty of the season in 28 balls.
 
Leg-spinner Rahul Chahar finally broke the partnership as Lynn holed out to Evin Lewis running in from deep mid-wicket in the 10th over as the KKR scoreboard read 97/1 at the halfway stage.
 
In came Russell, and for a while the Caribbean powerhouse played second fiddle to Gill, who was in full flow as he brought up his second fifty of the season off 32 balls.
 
Russell smashed his first six in the 13th ball of his innings, hitting Chahar for two back-to-back maximums in the 14th over.
 
Gill was removed by Hardik in the 16th over, with Lewis taking his catch at deep mid-wicket.
 
The damage was half done by then and with Russell soon breaking free, the Mumbai bowlers were taken to the cleaners as the hosts went on to pile up a mammoth total.
 
Brief scores
 
Kolkata Knight Riders: 232/2 in 20 overs (Andre Russell 80 not out, Shubman Gill 76, Chris Lynn 54; Hardik Pandya 1/31) beat Mumbai Indians: 198/7 in 20 overs (Hardik Pandya 91; Sunil Narine 2/44, Harry Gurney 2/37) by 34 runs.
 
IANS

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Russell blitzkrieg helps KKR post 232/2 against MI

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Promoted to No. 3 for the first time this season, Andre Russell bludgeoned a typically whirlwind 80* while Shubman Gill and Chris Lynn also slammed half-centuries to help Kolkata Knight Riders post an imposing 232/2 -- the highest total in this year's Indian Premier League (IPL) -- against Mumbai Indians at the Eden Gardens here on Sunday.
 
Needing a victory to even dream of a berth in the playoffs, KKR were off to a flying start riding on Lynn (54; 29 balls, 4x8, 6x2) and Gill's (76; 45 balls, 4x6, 6x4) 96-run opening stand which came off just 57 deliveries. Gill's chanceless knock was also his highest T20 score.
 
After Lynn's dismissal in the 10th over, Russell made the most of a reprieve -- he was dropped on 1 by Evin Lewis -- to remain unbeaten and blast his highest score this season off just 40 balls with the help of six fours and eight sixes.
 
Russell shared a 62-run stand for the second wicket with Gill off 35 balls and then combined with skipper Dinesh Karthik (15 not out) for an unbroken 74-run partnership which came off just 29 deliveries.
 
In the last three overs, Russell made mincemeat of Mumbai's famed bowlers Hardik Pandya, Jasrpit Bumrah and Lasith Malinga, taking 20, 15 and 20 runs off them, respectively, as the hosts plundered 55 runs in that period.
 
Barinder Sran -- playing his first game of the season in place of Anukul Roy -- was taken for 14 runs in the first over of the innings with Gill carting him for two fours and a six.
 
Lynn -- who was dropped on 18 by Keiron Pollard -- took time to get in, scoring two runs off the first seven balls before switching gears. The Australian hit a boundary in every over after that before notching up his fourth fifty of the season in 28 balls.
 
Leg-spinner Rahul Chahar finally broke the partnership as Lynn holed out to Evin Lewis running in from deep mid-wicket in the 10th over as the KKR scoreboard read 97/1 at the halfway stage.
 
In came Russell, and for a while the Caribbean powerhouse played second fiddle to Gill, who was in full flow as he brought up his second fifty of the season off 32 balls.
 
Russell smashed his first six in the 13th ball of his innings, hitting Chahar for two back-to-back maximums in the 14th over.
 
Gill was removed by Hardik in the 16th over, with Lewis taking his catch at deep mid-wicket.
 
The damage was half done by then and with Russell soon breaking free, the Mumbai bowlers were taken to the cleaners as the hosts went on to pile up a mammoth total.
 
Brief scores
 
Kolkata Knight Riders: 232/2 in 20 overs (Andre Russell 80 not out, Shubman Gill 76, Chris Lynn 54; Hardik Pandya 1/31) vs Mumbai Indians
 
IANS

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Malinga's 4/37 guides Mumbai to 46-run win over CSK

 
Chennai Super Kings (CSK) once again missed the presence of their regular skipper M. S. Dhoni as the defending champions had to taste a 46-run defeat against Mumbai Indians in their return fixture at the M. A. Chidambaram Stadium, here on Friday.
 
It was the Mumbai bowlers who came all guns blazing on a slow wicket to wrap up the home side, who were chasing a modest 156-run target, on a paltry 109 runs. Lasith Malinga starred for the visitors with figures of 4/37, while Krunal Pandya and Hardik Pandya bagged a couple of wickets each.
 
Chennai opener Murli Vijay was the only one to show some resistance as he managed to contribute a 35-ball 38.
 
Mumbai had also defeated Chennai by 37 runs in their last encounter earlier this season in Mumbai.
 
Chasing the target, Chennai were off to a worst-possible start as Malinga dismissed opener Shane Watson (8) before Hardik Pandya struck to send back Suresh Raina (2), reducing the yellow brigade to 22/2 in 3.1 overs.
 
Vijay tried his best to repair the major damages but lacked support from the other end as incoming batsman Ambati Rayudu also departed without opening his account. Krunal accounted for the wicket of the Chennai stumper.
 
Chennai's middle-order also fell like a pack of cards as they lost Kedar Jadhav (6) and Dhruv Shorey (5) cheaply. Things turned ugly for the hosts when Bumrah picked Vijay in the 12th over, leaving Chennai reeling at 66/6. Suryakumar Yadav took a stunning catch of Vijay at backward point off a Bumrah delivery. 
 
Dwayne Bravo (20 off 17) and Mitchell Santner (22 off 20) were involved in a short 33-run partnership for the seventh wicket and kept Chennai's slim hope of winning alive. However, Malinga broke the partnership as the Sri Lankan pacer's slower delivery took a leading edge off Bravo's bat and the pacer moved a couple of steps backwards to take an easy catch.
 
The Mumbai bowlers then rattled the lower middle-order with ease as Deepak Chahar (0) and Harbhajan Singh (1) also failed to bring any relief. Malinga put the final nail in the coffin after picking Santner in the 18th over to set up a comfortable victory for Mumbai.
 
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Earlier, some disciplined bowling by Chennai restricted Mumbai to a modest 155/4 as Rohit Sharma contributed a 48-ball 67.
 
Rohit and Evin Lewis (32 off 30) were involved in a 75-run partnership for the second wicket and at one stage it looked as if the visitors will amass a massive total. However, after the fall of Lewis, the Chennai bowlers bowled economically and picked up wickets at regular intervals to deny Mumbai a big total.
 
For Chennai, Santner was the pick of the bowlers as he impressed with figures of 2/13 from his four overs, while Deepak -- the only Chennai bowler to leak runs -- and Tahir picked a wicket each.
 
Deepak conceded 46 runs from his four overs.
 
Put into bat, Deepak came up with an early breakthrough as he packed back an in-form Quinton de Kock (15) with Mumbai at 24 runs in 2.4 overs. While trying to go for the maximum, de Kock misread Deepak's slower delivery and a top-edge off his bat went up in the air and Rayudu took the catch with ease.
 
Lewis and Rohit then tried to repair the damage and took their side past the 50-run mark in 6.5 overs. They then steadily propelled Mumbai near the three-digit mark before Santner dismissed Lewis, with Mumbai scorecard reading 99/2.
 
Tahir further jolted the visitors as he sent back incoming batsman Krunal (1) cheaply, reducing Mumbai to 101/3.
 
After the addition of 21 runs in the visitor's score, Santner struck again to pick up the crucial wicket of a well-settled Rohit Sharma in the 17th over. Rohit's knock contained six boundaries and three hits into the stands.
 
Hardik Pandya (23 unbeaten off 18) and Keiron Pollard (13 unbeaten off 12) then added 33 runs in the remaining 22 balls as Mumbai reached a fighting total.
 
Brief scores
Mumbai Indians -- 155/4 (Rohit Sharma 67, Evin Lewis 32; Mitchell Santner 2/13) -- beat Chennai Super Kings -- 109 all out in 17.4 overs (Murli Vijay 38, Mitchell Santner 22; Lasith Malinga 4/37) -- by 46 runs.
 
IANS
 

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IPL: Rohit's 67 helps Mumbai post 155/4 vs Chennai

 
Some disciplined bowling by Chennai Super Kings (CSK) restricted Mumbai Indians to a modest 155/4 as Rohit Sharma contributed with a 48-ball 67 in an Indian Premier League (IPL) contest at the M. A. Chidambaram Stadium here on Friday.
 
Rohit and Evin Lewis (32 off 30) were involved in a 75-run partnership for the second wicket and at one stage it looked as if the visitors will reach a massive total. However, after the fall of Lewis, the Chennai bowlers bowled economically and picked up wickets at regular intervals to deny Mumbai a big total.
 
For Chennai, Mitchell Santner was the pick of the bowlers as he impressed with figures of 2/13 from his four overs while Deepak Chahar, who was the only Chennai bowler to leak runs, and Imran Tahir picked a wicket each.
 
Chahar conceded 46 runs from his four overs.
 
After Mumbai were put in to bat first, Chahar came up with an early breakthrough as he packed back the in-form Quinton de Kock (15) with Mumbai at 24 runs in 2.4 overs. While trying to go for the maximum, de Kock misread Chahar's slower delivery and a top edge off his bat went up in the air and Ambati Rayudu took the catch with ease.
 
Lewis and Rohit then tried to repair the damage and took their side past the 50-run mark in 6.5 overs. They then steadily propelled Mumbai near the three-digit mark before Santner dismissed Lewis with Mumbai's scorecard reading 99/2.
 
Tahir further jolted the visitors as he sent back Krunal Pandya (1) cheaply, reducing Mumbai to 101/3.
 
After the addition of 21 runs to the visitor's score, Santner struck again to pick up the crucial wicket of a well-settled Rohit Sharma in the 17th over. Rohit's knock contained six boundaries and three hits into the stands.
 
Hardik Pandya (23 unbeaten off 18) and Keiron Pollard (13 unbeaten off 12) then added 33 runs in the remaining 22 balls as Mumbai reached a fighting total.
 
Brief scores: Mumbai Indians 155/4 (Rohit Sharma 67, Evin Lewis 32; Mitchell Santner 2/13) vs Chennai Super Kings
 
IANS

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IPL: Chennai opt to field first against Mumbai

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Chennai Super Kings stand-in skipper Suresh Raina won the toss and opted to field first against Mumbai Indians in their return fixture of the Indian Premier League (IPL) at the M. A. Chidambaram Stadium here on Friday.
 
Chennai has made three changes in their team as M S Dhoni, Ravindra Jadeja and Faf du Plessis have been replaced by Mitchell Santner, Dhruv Shorey and Murali Vijay.
 
On the other hand, Evin Lewis and Anukul Roy, who is making his IPL debut, came in for Ben Cutting and Mayank Markande in the Mumbai playing eleven.
 
Playing XI:
 
Chennai Super Kings: Murli Vijay, Shane Watson, Suresh Raina (Captain), Kedar Jadhav, Ambati Rayudu (wicket-keeper), Dhruv Shorey, Mitchell Santner, Dwayne Bravo, Deepak Chahar, Harbhajan Singh, Imran Tahir
 
Mumbai Indians: Rohit Sharma (Captain), Quinton de Kock (wicket-keeper), Evin Lewis, Kieron Pollard, Hardik Pandya, Krunal Pandya, Suryakumar Yadav, Rahul Chahar, Anukul Roy, Jasprit Bumrah, Lasith Malinga
 
IANS
 

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RBI introduces Rs. 20 banknote in Mahatma Gandhi (New) Series

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The Reserve Bank of India (RBI) today said it would shortly issue Rs. 20 denomination banknotes in the Mahatma Gandhi (New) Series, bearing the signature of its Governor Shaktikanta Das.
 
The new denomination has the motif of Ellora Caves on the reverse. The base colour of the note is greenish yellow. The note has other designs, geometric patterns aligning with the overall colour scheme, both at the obverse and reverse, a press release from the central bank said.
 
All the banknotes in the denomination of Rs. 20 issued by the Reserve Bank in the earlier series will continue to be legal tender, it said.
 
The image and salient features of Rs. 20 denomination banknote in the Mahatma Gandhi (New)
Series are as under:
i. Image
Obverse (Front)
Reverse (Back)
ii. Salient Features
Obverse (Front)
1. See through register with denominational numeral 20
2. Denominational numeral 20 in Devnagari
3. Portrait of Mahatma Gandhi at the centre
4. Micro letters 'RBI', 'Bharat' (in Devnagari), ‘INDIA' and '20'
5. Windowed demetalised security thread with inscriptions ‘Bharat’ (in Devnagari) and RBI
6. Guarantee Clause, Governor's signature with Promise Clause and RBI emblem towards right of Mahatma Gandhi portrait
7. Ashoka Pillar emblem on the right
8. Mahatma Gandhi portrait and electrotype (20) watermarks
9. Number panel with numerals growing from small to big on the top left side and bottom right side.
Reverse (Back)
10. Year of printing of the note on the left
11. Swachh Bharat logo with slogan
12. Language panel
13. Motif of Ellora Caves
14. Denominational numeral 20 in Devnagari.
 
The dimensions of the banknote will be 63 mm x 129 mm, the release added.
 
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India’s forex reserves decline by $ 739.2 million to $ 414.147 billion

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Reversing a nine-week uptrend, India’s foreign exchange reserves declined by $ 739.2 million to $ 414.147 billion during the week ended April 19, the Reserve Bank of India (RBI) said here today.
 
The country’s forex reserves had gone up by $ 1.105 billion to $ 414.886 billion during the previous week.
 
In its weekly statistical supplement issued here today, the central bank said that foreign currency assets, which constitute a major chunk of the forex reserves, had gone down by $ 728.6 million to $ 386.034 billion during the week.
 
Foreign currency assets expressed in US dollar terms include the effect of appreciation or depreciation of non-US currencies such as the euro, pound and yen held in the reserves.
 
According to the bulletin, the country’s gold reserves remained unchanged at $ 23.303 billion, while its special drawing rights (SDRs) went down by $ 3.2 million to $ 1.4556 billion.
 
India’s reserve position in the International Monetary Fund (IMF) decreased by $ 7.4 million to $ 3.3546 billion, the bulletin added.
 
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Sensex closes 336 points up as Brent retreats

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The Sensex advanced 336 points on Friday as the Brent crude -- the global oil benchmark -- retreated to $72 a barrel. The Brent had crossed the $75-mark on Thursday for the first time since the US decided to end sanctions waivers that allowed India to continue buying Iranian crude.
 
Analysts said that oil prices eased over expectations that oil-producing cartel OPEC could soon raise output to make up for a shortfall in exports from Iran in view of the US sanctions.
 
In line with the equities, the rupee was also aided by the easing oil prices, gaining nearly 25 paise against the US dollar during the day's trade.
 
Despite the overall upbeat mood, the Nifty Auto index fell over 1 per cent, most among the sectoral indices. Only three out of the 15 companies constituting the index could finish in the green.
 
However, most of the gains came during the last hours of trade. The BSE Sensex jumped 336.47 points or 0.87 per cent to 39,067.33. The Nifty surged 112.85 points or 0.97 per cent to 11,754.65.
 
"Falling crude prices and rising rupee helped sentiments on the street. Chinese stocks fell on Friday, posting their sharpest weekly fall since October 2018, as investors feared that China may not continue its stimulus measures amid signs of economic stabilisation," said Deepak Jasani of HDFC Securities.
 
"The US-China trade issues that are taking longer than expected to be resolved also weighed on sentiments," Jasani added.
 
Tata Steel led the gains on the Sensex, surging over 6 per cent, followed by ICICI Bank, Axis Bank, TCS and State Bank of India.
 
The laggards were Tata Motors(DVR), Tata Motors, Maruti Suzuki, Bharti Airtel, Bajaj-Auto and Mahindra and Mahindra, falling up to 3.72 per cent.
 
IANS
 

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Two injured in explosion and fire at Tata Steel Europe’s Port Talbot Plant in UK

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Two employees suffered minor injuries in an explosion and fire that was caused by spillage of hot metal at Tata Steel Europe's Port Talbot Plant in the United Kingdom early this morning, the company said.
 
In a statement here, Tata Steel said the incident occurred at 0337 hours today (UK time).
 
"All emergency services immediately swung into action. All fires have now been extinguished.
 
"Two of our employees sustained minor injuries and all employees have been accounted for.
 
"All the necessary assistance and medical care is being provided to ensure quick recovery.
 
"Investigations are underway to assess the damage and the potential impact," the statement added.
 
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Sensex opens in green on cooling oil rates

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The Sensex opened over 100 points higher on Friday over a strong inflow of foreign funds and slight ease in the international oil prices.
 
The Brent, benchmark oil price, which crossed the $75-a-barrel mark on Thursday for the first time in 2019 was trading at $74.14 a barrel.
 
Except for the auto sector stocks, all other sectoral stocks on the NSE witnessed healthy buying. 
 
The BSE Sensex opened at 38,865.83, slightly higher from its previous close of 38,730.86. 
 
At 9.16 a.m., the Sensex was up 128.03 points or 0.33 per cent at 38,858.89. 
 
The broader Nifty traded 51.95 points or 0.45 per cent higher at 11,693.75 points. It opened at 11,683.75 from its previous close of 11,641.80.
 
On Thursday, Foreign Institutional Investors (FIIs) bought stocks worth Rs 3,785.73 crore while the Domestic Institutional Investors (DIIs) sold stocks worth Rs 4,069.98 crore.
 
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'Avengers: Endgame' sells over 2.5 million tickets in advance sales

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Ahead of its release on Friday, Hollywood superhero film "Avengers: Endgame" has sold over 2.5 million tickets in advance sales on BookMyShow, an Indian entertainment destination.
 
This marks the highest ever advance ticket sales for a Hollywood film on the platform. "Avengers: Endgame" is also the fastest film to have surpassed the two million advance ticket sales mark on BookMyShow, read a statement.
 
"With just a few hours left for 'Avengers: Endgame' to hit the screens, the frenzy around the film is unprecedented. The cinemas are doing everything possible to match fans' demand for the film, including round-the-clock screenings as also opening up advance bookings for the entire week ahead," Ashish Saksena, COO - Cinemas, BookMyShow, said in a statement.
 
"This has enabled BookMyShow to offer several more options to Marvel-lovers and cater to their excitement."
 
Starring Robert Downey Jr., Chris Evans, Mark Ruffalo, Chris Hemsworth, Scarlett Johansson and Brie Larson, amongst others, "Avengers: Endgame" is the 22nd film from the Marvel Cinematic Universe. 
 
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