market watch

Sensex tanks 317 points, Nifty 109 points as US-North Korea tensions affect Asian markets

The Hong Kong Hang Seng fell over 560 points, and all other Asian indices also closed in red.

The Bombay Stock Exchange Sensex slipped 317.74 points on Friday to close at 31,213.59, while the National Stock Exchange Nifty ended 109.45 points down at 9,710.80. This was the first time in six weeks that the Sensex and the Nifty closed with a weekly loss.

The sharp fall in the markets was the result of escalating tensions between the United States and North Korea, Mint reported. US President Donald Trump on Friday warned Pyongyang against attacking Guam or any US allies.

The biggest gainers on the Sensex were Dr Reddy’s Laboratories, Tata Motors DVR, Lupin, Wipro and Axis Bank. The biggest losers were State Bank of India, Mahindra & Mahindra, Reliance Industries, Larsen & Toubro and NTPC.

On the NSE, the five top gainers were Dr Reddy’s Laboratories, Aurobindo Pharma, GAIL, Axis Bank and Tata Motors DVR. The five biggest losers were Hindalco, Vedanta, State Bank of India, Bank of Baroda and Bosch.

The US-North Korea crisis also affected all other Asian indices, reported CNN Money. The Hong Kong Hang Seng tanked over 560 points or 2.04%. The Shanghai SE Composite Index, Japan’s Nikkei 225 and the Taiwan TSEC 50 Index also closed in red.

The rupee opened at 64.21 a dollar as against Thursday’s close of 64.08, and was trading at 64.24 to the dollar at 4.44 pm.

We welcome your comments at letters@scroll.in.
Sponsored Content BY 

Watch Ruchir's journey: A story that captures the impact of accessible technology

Accessible technology has the potential to change lives.

“Technology can be a great leveller”, affirms Ruchir Falodia, Social Media Manager, TATA CLiQ. Out of the many qualities that define Ruchir as a person, one that stands out is that he is an autodidact – a self-taught coder and lover of technology.

Ruchir’s story is one that humanises technology - it has always played the role of a supportive friend who would look beyond his visual impairment. A top ranker through school and college, Ruchir would scan course books and convert them to a format which could be read out to him (in the absence of e-books for school). He also developed a lot of his work ethos on the philosophy of Open Source software, having contributed to various open source projects. The access provided by Open Source, where users could take a source code, modify it and distribute their own versions of the program, attracted him because of the even footing it gave everyone.

That is why I like being in programming. Nobody cares if you are in a wheelchair. Whatever be your physical disability, you are equal with every other developer. If your code works, good. If it doesn’t, you’ll be told so.

— Ruchir.

Motivated by the objectivity that technology provided, Ruchir made it his career. Despite having earned degree in computer engineering and an MBA, friends and family feared his visual impairment would prove difficult to overcome in a work setting. But Ruchir, who doesn’t like quotas or the ‘special’ tag he is often labelled with, used technology to prove that differently abled persons can work on an equal footing.

As he delved deeper into the tech space, Ruchir realised that he sought to explore the human side of technology. A fan of Agatha Christie and other crime novels, he wanted to express himself through storytelling and steered his career towards branding and marketing – which he sees as another way to tell stories.

Ruchir, then, migrated to Mumbai for the next phase in his career. It was in the Maximum City that his belief in technology being the great leveller was reinforced. “The city’s infrastructure is a challenging one, Uber helped me navigate the city” says Ruchir. By using the VoiceOver features, Ruchir could call an Uber wherever he was and move around easily. He reached out to Uber to see if together they could spread the message of accessible technology. This partnership resulted in a video that captures the essence of Ruchir’s story: The World in Voices.

Play

It was important for Ruchir to get rid of the sympathetic lens through which others saw him. His story serves as a message of reassurance to other differently abled persons and abolishes some of the fears, doubts and prejudices present in families, friends, employers or colleagues.

To know more about Ruchir’s journey, see here.

This article was produced by the Scroll marketing team on behalf of Uber and not by the Scroll editorial team.