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Equity indices slip further tracking cues from Asian markets

ANI mumbai (maharashtra)
Updated: 14-02-2019 11:26 IST
Equity indices slip further tracking cues from Asian markets

Benchmark indices fell in early trading on Wednesday after tracking trends in Asian markets.

IT, media and auto scrips slipped into the negative zone but shares of realty, FMCG, pharma and banking companies traded higher.

At 11:15 am, the S&P BSE Sensex was down 137 points at 35,897 while the Nifty slipped 53 points at 10,741.

IOC tumbled 3.6 per cent and was trading at Rs 125.20. Bharti Airtel was down 3.38 per cent at Rs 300.05 and BPCL 3.19 per cent at Rs 318.95. The other losers were Reliance Capital, DHFL, Reliance Industries, and Kotak Mahindra Bank.

Shares of Yes Bank Yes Bank were up over 21 per cent after reports that the Reserve Bank of India (RBI) has not found any divergence in the asset classification and provisioning done by the lender during 2017-18. Tata Motors and L&T were other major gainers.

The Indian rupee too opened lower at 70.87 per dollar after its previous close 70.80. (ANI)