Markets reel on political, macro concerns; post steepest weekly fall in 10

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Adding to the woes, the rupee went into a tailspin by plunging 56 paise, the second biggest single-day fall of 2018, to end at a new 16-month low of 68.07 as panic dollar demand rattled currency market.

No let-up in selling by foreign funds and rising global crude oil prices, which hovered near Dollars 80 per barrel, affected investor sentiment, brokers said.

On the political front, BJP's B.S. Yeddyurappa was sworn in as the Chief Minister of Karnataka, even as the Supreme Court made it clear that government formation would be subject to the final outcome of the case before it.

Gunman shot by cop after opening fire at high school
The male was believed to be a 19-year-old former student at the school, Lee County Sheriff John Simonton told Sauk Valley Media . Parents have been instructed by the school district to pick up children at a baseball field roughly a half mile from the school.

Weak Chinese economic data and lack of progress on trade tariff issue between the United States and China too hit investor sentiments.

The 30-share Sensex resumed higher at 35,483.62 and advanced to a high of 35,510.01.

At 9.24 a.m, the Sensex was trading up 40.54 points or 0.11% at 35,428.42 with 17 components gaining.

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Doctors Without Borders said 514 people believed to have been in contact with infected people were being monitored. Mbandaka had three suspected cases in addition to the confirmed case.

Besides, the BJP forming the government in Karnataka and a higher opening in domestic equity market supported the rupee, forex dealers said. The 30-share BSE index hit a high of 35993.53 in morning trade. Capital Goods, Metals, Healthcare, Auto, Oil & Gas & Power were the top losers, down 1.5-3%.

Singapore fell 0.23 per cent, while Hong Kong's Hang Seng was up 0.34 per cent. Japan's Nikkei too gained 0.40 per cent and China's Shanghai Composite Index rose 1.24 per cent. Taiwan drifted lower by 0.03 per cent.

The NSE Bank Index fell as much as 0.8 per cent, extending its drop into a third session. The Dow Jones Industrial Average, however, ended 0.22 per cent lower in yesterday's trade.

Iowa should pursue legalized sports betting
Today, almost two dozen casinos produce an economic impact of some $1 billion each year. Sports betting produced a record $248.8 million in revenue for Nevada a year ago .

The stock of Dena Bank fell 5 per cent, while the Allahabad Bank scrip tumbled almost 9 per cent. Punjab National Bank, which has been under a cloud since February, was down almost 4 per cent.

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