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The BSE Sensex ended with modest losses on Wednesday, snapping its ten-day rising streak. The Nifty closed below the 14,200 mark. Buying was seen in metal, realty and banks stocks while FMCG and IT shares tumbled. The barometer index, the S&P BSE Sensex, dropped 263.72 points or 0.54% at 48,174.06. The Nifty 50 index slipped 53.25 points or 0.38% at 14,146.25. ITC (down 2.86%), Reliance Industries (down 2.64%), TCS (down 1.27%), Infosys (down 0.92%) and Hindustan Unilever (down 1.34%) dragged. Profit selling emerged after the Sensex hit a record high of 48,616.66 while the Nifty hit a fresh all time high of 14,244.15 in early trade today. The Sensex jumped 6.33% in the past ten trading sessions. ....
By TED CORDERO, GMA News Published December 17, 2020 11:30am Washington-based multilateral lender Word Bank on Thursday announced that it has approved a total of $900-million loan financing to the Philippines for two projects in support of the government’s efforts to recover from the COVID-19 pandemic. In a statement, the WB said the first is a $600-million project “Promoting Competitiveness and Enhancing Resilience to Natural Disasters Development Policy Loan.” Particularly, the loan will support transformational reforms to hasten the adoption of digital technologies, promote greater competition, and reduce the costs of doing business to revive more economic activities and jobs in the country, according to lender. ....