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Prime Minister Narendra Modi on Monday landed in Russia's Sochi for an informal summit with Russian President Vladimir Putin. When the two leaders meet, some of the US' moves might form the crust of their discussion. Modi and Putin will primarily focus on pressing global issues, including the possible repercussions of US sanctions against Russia under the Countering America's Adversaries through Sanctions Act (CAATSA) on Indo-Russia defence cooperation and the impact of the US withdrawal from the Iran nuclear deal. For Expert Advice Click here: capitalheight.

Petrol price on Sunday touched a record high of Rs 76.24 per litre and diesel climbed to its highest ever level of Rs 67.57. Petrol was the costliest in Mumbai where high local taxes led to a price of Rs 84.07 per litre. Diesel was the costliest in Hyderabad, where it was priced at Rs 73.45 a litre, again due to high local taxes. However, the Finance Ministry on Friday virtually ruled out reducing excise duty on petrol and diesel in the near future.

The outbreak of Nipah virus in the southern state of Kerala has put the Kerala health department on high alert. At least nine people have died in Kerala's Calicut district due to high fever with two out of the nine deceased were affected with the rare Nipah virus. Kerala Health Secretary Rajiv Sadanandan told IANS that they have now got the confirmation from the National Institute of Virology, Pune. The health department has, however, not confirmed the cause of the death of the other seven patients and sent their samples for tests.

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The Benchmark Indices Sensex closed 232 points lower today and Nifty ended 79 points lower at 10516 as the political uncertainty in Karnataka ahead of general elections next year. Rising oil prices and higher US bond yields also dampen sentiment amid earnings season. The rupee weakened against the US dollar on worries of higher oil prices and tracking losses in Asian currencies. The pharma, metal, auto and realty sectors dragged the indices lower. SBI, TCS, Coal India and ICICI Bank were top gainers, whereas Sun Pharma, Dr. Reddy’s Labs, Yes Bank and Tata Motors were among the major losers.

On Tuesday Nifty maybe at the index value of 10515 to a maximum value of 10673 and minimum value at 10348. The sectors which will be on the greener side are financial services, banking sector and realty sector.