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Nifty nears 11,850, Sensex down over 200 points; financials drag, Wipro shares slip 6%

Nifty nears 11,850, Sensex down over 200 points; financials drag, Wipro shares slip 6%



a group of people in a park: Shanghai Composite, Hang Seng, Nikkei 225, and KOSDAQ were all trading with losses. SGX Nifty too was trading over 55 points lower during the early hours of trade on Wednesday.


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Shanghai Composite, Hang Seng, Nikkei 225, and KOSDAQ were all trading with losses. SGX Nifty too was trading over 55 points lower during the early hours of trade on Wednesday.

Share Market News Today | Sensex, Nifty, Share Prices LIVE: Sensex and Nifty slipped on Wednesday’s opening bell. S&P BSE Sensex opened over 50 points lower while Nifty 50 was still below the 11,950 mark. Tata Steel and Reliance Industries were the top index gainers, followed by Bharti Airtel and Titan. On the other hand, NTPC, ONGC, and Power Grid were the top drags. All financials were trading with losses. India VIX was marginally up but still below the 21 levels. Global cues on Wednesday were negative with US stock markets having slipped into the red during yesterday’s session. Shanghai Composite, Hang Seng, Nikkei 225, and KOSDAQ were all down in the red. 

The International Monetary Fund (IMF) has projected the Indian economy to contract by 10.3% this year, owing to the coronavirus pandemic. However, the IMF also said that India is likely to bounce back with an impressive 8.8% growth in 2021. The 8.8% growth rate would make India as the fastest growing emerging economy in the world. IMF’s prediction comes after the World Bank said India’s GDP is expected to contract 9.6%. The Reserve Bank of India has forecasted the GDP to shrink 9.5% this fiscal year.

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Citizens Financial Group to Participate at the Bank of America Future of Financials Virtual Conference 2020

Citizens Financial Group to Participate at the Bank of America Future of Financials Virtual Conference 2020

Citizens Financial Group, Inc. (NYSE: CFG) announced today that Vice Chairman and Chief Financial Officer John Woods and President of Consumer Lending Eric Schuppenhauer will participate at the Bank of America Future of Financials Virtual Conference 2020 on Tuesday, November 10, 2020 at 8:50 am ET.

The live webcast will be available at http://investor.citizensbank.com under Events & Presentations.

About Citizens Financial Group, Inc.

Citizens Financial Group, Inc. is one of the nation’s oldest and largest financial institutions, with $179.9 billion in assets as of June 30, 2020. Headquartered in Providence, Rhode Island, Citizens offers a broad range of retail and commercial banking products and services to individuals, small businesses, middle-market companies, large corporations and institutions. Citizens helps its customers reach their potential by listening to them and by understanding their needs in order to offer tailored advice, ideas and solutions. In Consumer Banking, Citizens provides an integrated experience that includes mobile and online banking, a 24/7 customer contact center and the convenience of approximately 2,700 ATMs and approximately 1,000 branches in 11 states in the New England, Mid-Atlantic and Midwest regions. Consumer Banking products and services include a full range of banking, lending, savings, wealth management and small business offerings. In Commercial Banking, Citizens offers a broad complement of financial products and solutions, including lending and leasing, deposit and treasury management services, foreign exchange, interest rate and commodity risk management solutions, as well as loan syndication, corporate finance, merger and acquisition, and debt and equity capital markets capabilities. More information is available at www.citizensbank.com or visit us on Twitter, LinkedIn or Facebook.

CFG-IR

View source version on businesswire.com: https://www.businesswire.com/news/home/20201013005368/en/

Contacts

Media: Peter Lucht – 781.655.2289
Investors: Kristin Silberberg – 203.900.6854

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