Arab Today, arab today india shares slide most in three weeks
Last Updated : GMT 12:15:14
Arab Today, arab today
Arab Today, arab today

India shares slide most in three weeks

Arab Today, arab today

Arab Today, arab today India shares slide most in three weeks

Mumbai - Arabstoday

India\'s benchmark stock index fell the most in about three weeks, paring a weekly gain. Metal and mining companies sank on concern the proposed new mining policy will lower earnings. Coal India Ltd., the world\'s biggest producer, tumbled the most since its November debut. A group of ministers has approved the draft of a bill that proposes to make miners pay for development in areas where they operate to avert discontent among local people. Housing Development Finance Corp., India\'s biggest mortgage lender, dropped after its first-quarter profit lagged behind analysts\' estimates. The Bombay Stock Exchange Sensitive Index, or Sensex, lost 220.26, or 1.2 per cent, to 18,858.04 at the close in Mumbai. The slide was the steepest since June 20 and pared the weekly advance to 0.5 per cent. The S&P CNX Nifty Index dropped 1.2 per cent to 5,660.65 and its July futures settled at 5,664. The BSE 200 Index shed 1.2 per cent to 2,329.92. \"The nervousness came due to the proposed mining bill and HDFC\'s results also didn\'t help,\" said Deven Choksey, managing director of K.R. Choksey Shares & Securities in Mumbai. \"The rally of the past few days is being driven by global liquidity.\" From / Gulf News

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GMT 21:25 2017 Wednesday ,24 May

Egypt bourse rebounds at beginning of trading

GMT 03:39 2017 Wednesday ,24 May

Saudi stocks drag lower before Ramadan

GMT 05:41 2017 Tuesday ,23 May

Tadawul index stays almost flat

GMT 20:24 2017 Saturday ,20 May

US Stocks Close Higher

GMT 17:28 2017 Thursday ,18 May

Saudi stocks rise in heavy trading

GMT 21:37 2017 Wednesday ,17 May

US Stocks Close Mixed

GMT 04:58 2017 Wednesday ,17 May

Tadawul index gains 0.7%
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Egypt bourse rebounds at beginning of trading

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