Sensex falls over 150 points on rising oil price, rupee

Et tu Karnataka asks Omar Abdullah on Karnataka election results

On the currency front, the Indian rupee strengthened by 72 paise against the USA dollar to 67.80, from its previous close at 68.08 per greenback.

With the state assembly poll behind us, he said that the market's focus would now turn towards rising global crude oil prices, which is negative for India.

The BSE Sensex fell over 150 points to trade below the 35,000 mark while the Nifty50 index shed over 50 points.

Equities wilted under selling pressure for the fourth straight session today, capping off the worst week for investors this fiscal amid political uncertainties and spiking crude oil prices. Declines were led by banking, IT and infra shares.

Kia Sportage to introduce 48-volt mild-hybrid drivetrain
The battery recovers energy from the diesel engine's crankshaft when the auto is decelerating or driving downhill. The MHSG can then quickly restart the engine the moment the driver presses the accelerator pedal.

Besides, the BJP forming the government in Karnataka and a higher opening in domestic equity market supported the rupee, forex dealers said. The Nifty meanwhile traded 30 points or 0.30 per cent lower at 10,654.05.

Similarly, the Sensex fell 495.61 points or 1.37 per cent from its intra-day high to close the session at 35,543.94.

The BSE capital goods index lost the most at 3.05 per cent, followed by metal (2.36 per cent), infrastructure (2.21 per cent), healthcare (2.06 per cent), auto (1.82 per cent), realty (1.74 per cent), PSU (1.60 per cent), oil and gas (1.46 per cent), power (1.38 per cent) and bankex (0.78 per cent).

Late morning, the 30-share index was trading at 35,292.30, showing a loss of 95.58 points, or 0.27 per cent.

Fonseca holds West Ham talks at Sullivan home
Moyes' short-term contract as West Ham manager expired following Sunday's final day Premier League win over Everton . Moyes said: "Everybody always thinks the grass is greener and there's something better out there".

Major losers were Wipro, L&T, HDFC Bank, Adani Ports, Infosys, Tata Motors, Asian Paints, Bharti Airtel, ICICI Bank, Maruti Suzuki, Axis Bank, ITC Ltd and Reliance Industries, falling by up to 1.28 per cent.

Voltas dropped as much as 8.3 per cent in early morning trade after the air conditioners maker on Thursday reported a 3 per cent fall in its consolidated net profit to Rs 194.19 crore for March quarter as compared to Rs 200.47 crore in the corresponding period past year.

The US Dow Jones Industrial Average, however, ended 0.22 percent down in Thursday's trade.

Taliban attacks Farah city in west Afghanistan, kills dozens
On Tuesday, may 15, the militant groups of Taliban in the city of Farah in Western Afghanistan has committed another offense. Earlier, the Taliban insurgents have attacked the capital of western Farah province, overrunning the 3rd police district.

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