Sensex ends 375 points lower, Nifty below 25,200; Infosys down 2%
Tech Mahindra faced the biggest decline, dropping 2.76%. Infosys fell 1.61%, while HCL Technologies went down 1.20%. Eternal lost 0.97% and Larsen & Toubro declined 0.78%.The Nifty Midcap100 fell 0.17% while Nifty Smallcap100 declined 0.12%, but India VIX rose 0.02%.Among the sectoral indices, several showed positive momentum with Nifty IT leading at 1.39%, followed by Nifty Realty at 1.24%, Nifty PSU Bank at 0.79%, Nifty Metal at 0.67%, Nifty Consumer Durables at 0.50%, Nifty Pharma at 0.38%, Nifty FMCG at 0.26%, and Nifty Healthcare at 0.18%.Nifty Private Bank faced the biggest decline at 0.58%, followed by Nifty Financial Services which dropped 0.33%. Nifty Media fell 0.25%, Nifty Oil & Gas declined 0.20%, and Nifty Auto slipped 0.04%."Despite the muted trend, strong domestic liquidity and selective buying in realty and consumption theme stocks helped to limit the downside, keeping the broader market in a range-bound phase. The domestic macro fundamentals, like GDP growth and the stable inflationary trend, remain supportive in the medium to long-term," said Nair.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)- Ends
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China on Saturday formally started the construction of the USD 167.8 billion dam over the Brahmaputra river in Tibet, closer to the Indian border in Arunachal Pradesh. read more China on Saturday officially commenced construction of a massive USD 167.8 billion dam on the Brahmaputra river in Tibet, close to the Indian state of Arunachal Pradesh. Chinese Premier Li Qiang announced the project's launch during a ground-breaking ceremony held in Nyingchi City, located along the lower stretches of the Brahmaputra, locally known in China as the Yarlung Zangbo, according to state media. The ceremony was held at the site of the Mainling hydropower station in Tibet's Nyingchi region, the official Xinhua news agency reported. STORY CONTINUES BELOW THIS AD Touted as the world's largest infrastructure initiative, the project has triggered concerns in downstream countries, particularly India and Bangladesh. The project will consist of five cascade hydropower stations, with a total investment estimated at around 1.2 trillion Yuan (about USD 167.8 billion), the report said. According to a 2023 report, the hydropower station is expected to generate more than 300 billion kWh of electricity each year – enough to meet the annual needs of over 300 million people. It will primarily deliver electricity for external consumption while also addressing local demand in Tibet, which China officially refers to as Xizang. Representatives from various organisations, including the National Development and Reform Commission and the Power Construction Corporation of China and locals attended the ceremony, the report said. With inputs from agencies
News18
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Beijing, Jul 19 (PTI) China on Saturday formally started the construction of the USD 167.8 billion dam over the Brahmaputra river in Tibet, closer to the Indian border in Arunachal Pradesh. Chinese Premier Li Qiang announced the start of the construction of the dam at a ground-breaking ceremony in the lower reaches of the Brahmaputra river, locally known as Yarlung Zangbo, at Nyingchi City, official media reported. The ceremony took place at the dam site of Nyingchi's Mainling hydropower station in Tibet Autonomous Region, state-run Xinhua news agency reported. The hydropower project, regarded as the biggest infrastructure project in the world, raised concerns in the lower riparian countries, India and Bangladesh. The project will consist of five cascade hydropower stations, with a total investment estimated at around 1.2 trillion Yuan (about USD 167.8 billion), the report said. According to a 2023 report, the hydropower station is expected to generate more than 300 billion kWh of electricity each year – enough to meet the annual needs of over 300 million people. It will primarily deliver electricity for external consumption while also addressing local demand in Tibet, which China officially refers to as Xizang. Representatives from various organisations, including the National Development and Reform Commission and the Power Construction Corporation of China and locals attended the ceremony, the report said. PTI KJV RD RD RD First Published: Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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