Last week, the Chinese government released data which showed that new home prices fell at their fastest rate in over seven years, while property sales measured by floor area fell for a 15th straight month in October.
The fire broke out in the slums of Bagracote area of the city. Six fire tenders rushed to the spot to put the fire under control. A firefighter was injured during the operation. The cause of the fire is yet to be ascertained.
At 9.53 am, Sensex traded at 60,555.92 points, down 477.63 points or 0.78 per cent, whereas Nifty traded at 18,022.70 points, down 134.30 points or 0.74 per cent.
The new Hurun Research Institute report released on Tuesday, reported that the number of affluent Chinese individuals is down 11 per cent from last year. Their total wealth has also shrunk 18 per cent year-on-year to 24.5 trillion yuan.
Prime Minister Narendra Modi on Wednesday inaugurated 3,024 newly constructed EWS flats at Kalkaji, Delhi built for rehabilitating slum dwellers under the 'In-Situ Slum Rehabilitation' Project.
Prime Minister Narendra Modi on Wednesday inaugurated 3,024 newly constructed EWS flats at Kalkaji, Delhi built for rehabilitating slum dwellers under the 'In-Situ Slum Rehabilitation' Project.
The objective of the rehabilitation project is to provide a better and healthy living environment to the residents of the Jhuggi Jhopri clusters, with proper amenities and facilities.