Left Menu
Development News Edition

Equity indices gloomy amid weak global cues

Equity benchmark indices were downbeat during early hours on Friday on the back of weak global cues amid ongoing coronavirus spread and simmering India-China border tensions.

ANI | Mumbai (Maharashtra) | Updated: 11-09-2020 10:23 IST | Created: 11-09-2020 10:23 IST
Equity indices gloomy amid weak global cues
Adani Ports lowered by 1.93 pc on Friday morning to Rs 335 per share.. Image Credit: ANI

Equity benchmark indices were downbeat during early hours on Friday on the back of weak global cues amid ongoing coronavirus spread and simmering India-China border tensions. At 10:15 am, the BSE S&P Sensex was down by 29 points or 0.08 per cent at 38,811 while the Nifty 50 lost by 1 point or 0.01 per cent at 11,448.

Most sectoral indices at the National Stock Exchange were in the negative terrain with thin margins. Nifty realty, however, gained by 1.4 per cent and FMCG ticked up by 0.6 per cent. Among stocks, Adani Ports lowered by 1.9 per cent to Rs 335 per share while private lenders IndusInd Bank and Axis Bank slipped by 1.8 per cent and 0.8 per cent respectively.

Among others which lost were HCL Technologies, Eicher Motors, IndianOil Corporation, Bajaj Finance and Power Grid Corporation. On the other hand, Bharti Infratel, Britannia, Titan, Maruti Suzuki and Hero MotoCorp witnessed marginal gains. Realty major DLF advanced by 4.2 per cent to Rs 156.45 per share while Oberoi Realty was up by 0.8 per cent.

Meanwhile, Asian shares struggled to stem a bearish mood after US big tech firm shares fell again overnight on growing doubts about US stimulus. Investors also remained concerned over their stretched valuations. MSCI's broadest index of Asia Pacific shares outside Japan dipped by 0.2 per cent but Japan's Nikkei rose by 0.3 per cent. (ANI)


TRENDING

OPINION / BLOG / INTERVIEW

Uganda COVID-19 response: Was off to a good start but reopening dwindled prospects

Uganda has shown success in using health information to enhance efficiency of disease surveillance, reporting and monitoring. The success, however, has critical challenges confronting it as the country resumes normal activities....

New farm bills in India: Focusing on farms or farmers?

... ...

Kenya’s COVID-19 response: Chaos amid lack of information

Confusing numbers and scanty information on how effective curfews and lockdowns have been in breaking transmission have amplified coordination and planning challenges in Kenyas response to COVID-19. Without accurate data, it is impossible t...

Farkhad Akhmedov: Calculating the price of impunity from the law

In insistences such as the battle over the Luna, Akhmedov has resorted to extreme legal machinations to subvert the High Courts decision and keep his assets from being seized. ...

Videos

Latest News

Islamist pleads guilty to Mali hotel, restaurant attacks

A Mauritanian suspected jihadist pleaded guilty on Wednesday to shooting dead five people in an attack in the Malian capital Bamako in 2015 and planning two other attacks in the country that year that targeted Westerners and killed 37 more ...

Business partner of ex-Giuliani associate expected to enter guilty plea

A business partner of Lev Parnas, the former associate of U.S. President Donald Trumps personal lawyer Rudy Giuliani, is expected to enter a guilty plea on Thursday after being charged with defrauding investors in an insurance startup they ...

Mumbai bowled in right areas in last 5, we were 20 runs short: Kohli

Royal Challengers Bangalore skipper Virat Kohli on Wednesday praised Mumbai Indians death bowling, saying it ensured his team fell 20 runs short of a par-score in their IPL game. After restricting RCB to 164 for six, thanks to their effecti...

U.S. envoy to Jamaica insults Twitter critics - 'you drink that cheap stuff'

The U.S. ambassador to Jamaica exchanged insults with people on Twitter who accused him of interfering in the countrys internal affairs, telling one he used too much marijuana and another that you drink that cheap stuff.The exchanges on Tue...

Give Feedback