Business

The American currency's strength against other currencies overseas weighed on the domestic unit, traders said. Meanwhile, US President Donald Trump's much-hyped tax cuts moved a step closer to reality.

The 30-share Sensex was trading higher by 194.68 points, or 0.58 per cent, at 33,444.98, with realty, oil and gas, PSU, metal, banking and auto stocks staying in good shape. The gauge had gained 653.12 points in the previous two sessions.

The two Boeing 777-300 ER aircraft are to be delivered in January 2018 and the cost for "modification in its (planes) interior configuration" is estimated to be USD 180 million.

The target segments for European nations including Germany, France, Italy include cotton textiles and handicrafts, whereas Indian apparel will be showcased in the US, and Indian cotton & carpets will be marketed in China, among others.

Dealers also attributed the rupee's fall to increased demand for the US currency from importers but a higher opening in the domestic equity market capped the losses to some extent.

In its October review, it had kept the benchmark interest rate unchanged on fears of rising inflation while lowering growth forecast to 6.7 percent for the current fiscal.

Official data showed the country's fiscal deficit at the end of October hit 96.1 percent of the budget estimates for 2017-18.

The 30-share flagship index was down 185.24 points, or 0.55 percent, at 33,417.52 with sectoral indices led by realty and power falling up to 0.88 percent.

Extending its falling trend for the second session, the 30-share index, after moving between 33,728.81 and 33,553.12, finally settled 15.83 points, or 0.05 per cent, lower at 33,602.76 as several bluechips retreated.

The 30-share index fell by 85.12 points or 0.25 per cent to 33,639.32 in early trading. The gauge had garnered 964 points in the previous eight sessions.

As Telangana readies to host the 2017 edition of the summit on Tuesday, strenuous efforts made by Andhra Pradesh to invite US President Donald Trump's daughter have failed to bring results.

Addressing a press conference in New Delhi, Gems and Jewellery Export Promotion Council (GJEPC) Chairman Praveenshankar Pandya demanded that the import duty on gold be brought down to 4-5 percent in the Budget, asserting that the prevailing 10 per cent im...

In the Rabi season of 2016-17, wheat production per acre increased three to four times and their (farmers') income also increased by Rs 4,000 to Rs 6,000 per acre, the PM said in the 38th edition of his monthly radio programme "Mann Ki Baat".

Finance Secretary Hasmukh Adhia said in New Delhi on Friday that people had lot of cash stashed away in the houses, demonetisation has brought those hidden cash in the main banking channel.

Black Friday online sales totaled at least $3.54 billion by 8 pm EST (0100 Saturday GMT), up 15.6 percent from a year ago, according to Adobe Analytics, which measures transactions at the largest 100 US web retailers.

The Narendra Modi government had begun the process of constituting the 15th Finance Commission by allocating Rs10 crore in the 2017-18 budget.