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NYSE resumes trading after nearly four-hour halt
The New York Stock Exchange (NYSE) resumed floor trading after more than a three-hour halt on Wednesday due to an undisclosed technical problem, officials said.
 
NYSE halted trading in all securities starting from 11.32 a.m. on Wednesday.
 
NYSE and US officials reported it as a technical issue and not the result of a cyber-attack, Xinhua reported.
 
The Federal Bureau of Investigation said no law enforcement action is needed at NYSE.
 
The White House confirmed that there was no indication of cyber-attacks in the trade suspension of the NYSE.
 
"At this point, there is no indication that malicious actors were involved in these technology issues," said Josh Earnest, the White House spokesman.
 
The trading halt came in the middle of a selloff in US stocks that was fuelled by concerns over Greece's uncertainty.
 
However, trading of NYSE securities on other platforms, including NASDAQ, was unaffected. Investors could still buy and sell NYSE-listed stocks at other venues.
 
The NYSE problem came soon after the United Airlines grounded planes at US airports for two hours due to a computer glitch.
 
The website of Wall Street Journal was also temporarily out of use for a while around mid-day for technical difficulties, and was resumed shortly.

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Nifty, Sensex, Bank Nifty headed lower – Wednesday closing report
Nifty will be under pressure until it regains 8,440
 
We had mentioned in Tuesday’s closing report that the NSE’s CNX Nifty may move sideways but a close below 8,480 may push the index lower. The 50-stock index opened Wednesday below this level. After a range bound session till 10.30am, the benchmark started moving lower and hit a six day (including today) low. Thereafter, Nifty tried to recover, but it was not successful and closed just off the day’s low.
 
 
India VIX rose 9.09% to close at 17.7900. NSE recorded a volume of 105.84 crore shares.
 
The continuous slide in the Chinese stock markets, crashing commodity prices and the stalemate in the Greece debt talks dampened investor sentiments, leading to Indian equity markets to close at lower levels on Wednesday. 
 
The 30-scrip, S&P BSE Sensex closed 483.97 points or 1.72% down at 27,687.72 points. The Sensex touched a high of 28,031.45 points and a low of 27,635.78 points in the intra-day trade. The wider 50-scrip Nifty also closed deep in the red. It plunged 147.75 points or 1.74% at 8,363.05 points.
 
During Wednesday's intra-day trade, all 12 sector-based indices of the BSE closed the day's trade in the red.
 
The S&P BSE automobile, bank, metal, information technology (IT), oil and gas, healthcare, capital goods, fast moving consumer goods (FMCG), consumer durables and technology, entertainment and media (TECK) stocks came under intense selling pressure.
 
The S&P BSE automobile index plunged by 424.94 points, bank index crashed by 365.63 points, metal index plummeted by 357.35 points, IT index contracted by 155.43 points, and oil and gas index receded by 149.23 points.
 
The S&P BSE healthcare index fell by 121.99 points, followed by capital goods index which decreased by 88.45 points, FMCG index which declined by 76.29 points, consumer durables index edged-lower by 74.49 points and TECK index was down by 72.93 points.
 
The Sensex gainer during Wednesday's trade was: Hindustan Unilever, up 0.04% at Rs.924.
 
The major Sensex losers were: Vedanta, down 7.85% at Rs.146.10; Tata Motors, down 6.17% at Rs.405.15; Hindalco Industries, down 5.13% at Rs.101.75; Tata Steel, down 4.72% at Rs.283.40; and HDFC, down 3.54% at Rs.1,290.05.
 
 
 
All the Asian indices closed in the red. Among the Asian markets, Japan's Nikkei was down by 3.14%, China's Shanghai Composite Index crashed down by 6.14%, and Hong Kong's Hang Seng slumped by 5.84%.
 

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Delhi HC sets aside rejection of Uber's licence plea
The Delhi High Court on Wednesday set aside the state government's order rejecting an application of the US-based Uber taxi service for a licence to ply in the national capital.
 
Justice Manmohan also asked the Delhi government to decide the application within 10 days and inform the company about the requirements that need to be met.
 
The court also told the Delhi transport department to impose any condition on Uber in accordance with the law if it was inclined to grant licence to the company and ask the firm that it will have to comply with the laid-down condition.
 
"There cannot be a blanket ban... you (Delhi government) can impose some conditions which they have to fulfill," the court said.
 
Uber India Technology Pvt. Ltd. approached the court against a June 3 order of the Delhi government to deny extension of its licence to operate radio cabs in the national capital.
 
Delhi's transport authority on June 3 rejected the licence application of Uber for not complying with the provisions of the recently amended Radio Taxi Scheme of 2006.
 
Last December, the Delhi government banned Uber taxi service after a 27-year-old MNC executive was raped in a taxi operated by an Uber driver.
 
Thereafter, an amendment was made in the scheme, imposing mandatory requirements like prefixed calibrated meters, GPS device and CNG fuel on the companies for grant of licence.
 
The Uber counsel told the court that in a similar case filed by Apra Cabs India Pvt. Ltd. and Serendipity Infolabs Pvt. Ltd. (Taxi for Sure), whose applications for licence were also rejected by the Delhi government on June 3, another bench had quashed the rejection of their applications in June.

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