Indian Stock Market Snaps Rally; Currency also declines

Indian stock market closed a percent lower on Thursday as investors booked profit after few days of rally. The market was in corrective mood yesterday as well, but somehow managed to close flat by the end of trading session. However, today BSE Sensex was down by 215 points to close at 19781 while NSE Nifty closed 62 points lower.

Tata Power, IDFC, ITC and GAIL were among major gainers today. JP Associates lost 11.6% today. IndusInd Bank, BHEL and Tata Steel were among major gainers, losing over four percent.

Indian currency also witnessed decline compared to USD by the afternoon session. Indian rupee touched high of Rs 62.91 against USD in morning trade. However, it lost ground and witnessed decline to 63.82.

Riot guilty will be punished, says Mulayam

Mulayam-Singh-YadavAgra, Sep 12 : Those found guilty of the riots in Muzaffarnagar in Uttar Pradesh will be "firmly dealt with", Samajwadi Party supremo Mulayam Singh Yadav said Thursday.

The statement came even as party colleagues for the first time voiced anger vis-a-vis senior leader Mohammed Azam Khan for skipping the national executive meet here, with one saying he could go if he wanted.

Mualayam Singh appeared uncomfortable and slightly teased off answering questions from journalists on the Muzaffarnagar violence which has left 38 people dead over three days since the weekend.

Fashion weeks are horrible: Cara Delevingne

New York, Sep 12 : Actress-model Cara Delevingne hates fashion Weeks and says that there is too much of work load which causes her stress.

SRK enjoys time with 'Happy New Year' co-stars

Shah-Rukh-KhanMumbai, Sep 12 : Superstar Shah Rukh Khan is

`Tired` Nadal ready for Davis Cup duty

Rafael-NadalMadrid, Sep 12 : Recently crowned US Open champion Rafael Nadal has arrived here to help Spain make sure of their presence in the world tennis elite.

Over the coming three days, Spain play Ukraine in the Davis Cup in Madrid's Caja Magica looking to ensure their continuation in the World Group after a surprising first round exit to Canada in February.

Nadal was not part of that defeat as he put the finishing touches to his recovery from the long term knee injury which had sidelined him since his second round exit in Wimbledon 2012.

Sonia Gandhi attends Rashtrapati Bhavan function after return

Sonia-GandhiNew Delhi, Sep 12 : Congress president Sonia Gandhi, who returned from New York Wednesday night after her medical checkup, was at Rashtrapati Bhavan well on time Thursday morning to attend the conferment of the Indira Gandhi Prize for Peace, Disarmament and Development on Nobel Prize-winning Liberian President Ellen Johnson Sirleaf.

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