Wednesday, March 20, 2019
News

Rise in oil prices drag equity indices lower (Second Lead)

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Thursday, 2018 4:45:02 PM IST
The Indian equity markets ceded their initial gains to close Thursday's trade session in the red as negative global cues like rise in crude oil prices eroded investors risk-taking appetite.

Accordingly, the key domestic indices rose higher during the early trade session on the back of positive domestic political cues but failed to maintain the momentum and saw heavy selling in banking and FMCG counters.

At 3.30 p.m., the wider 50-scrip Nifty of the National Stock Exchange (NSE) provisionally closed at 10,682.70 points -- down 58.40 points or 0.54 per cent from the previous close of 10,741.10 points.

The barometer Sensex of the BSE, which had opened at 35,483.62 points, closed at 35,149.12 points (3.30 p.m.) -- lower by 238.76 points or 0.67 per cent -- from the previous day's close at 35,387.88 points.

Besides, volatility was evident as the Sensex touched a high of 35,510.01 points and a low of 35,087.82 points during the intra-day trade session.

The BSE market breadth was, however, slightly tilted towards the bulls with 1,400 advances and 1,227 declines.

The major gainers on the BSE were Coal India, Sun Pharma, Tata Motors, Wipro and Tata Motors (DVR), while ITC, Bharti Airtel, HDFC, Axis Bank, Tata Steel and Adani Ports were the major losers.

On the NSE, the top gainers were Bajaj Finance, Bajaj Finserv and Coal India. The major losers were Hindalco Industries, UPL and ITC.

--IANS rrb-rv/bg

( 244 Words)

2018-05-17-16:26:07 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Focus on Industry 4.0, emerging markets:...
J&K ropes in Tatas to promote IT-enabled...
Ayana launches its Summer Kurti and Gown...
Cranberry charisma wins hearts at AAHAR ...
PNB stocks surge over 4% after Nirav Mod...
Kareena Kapoor Khan adds glamour to Bran...
More...
 
INDIA WORLD ASIA
BSP leader Chandraprakash Mishra joins B...
Indian artists for 58th Venice Biennale ...
Goa's BJP-led coalition government faces...
Friends of student attack college teache...
Toll in Karnataka building crash rises t...
Social media sites to axe content in 3 h...
More...    
 
 Top Stories
Serena joins Priyanka Chopra as Bum... 
Modi bartering away national sovere... 
Will not allow RSS to run the count... 
T-Series on verge of becoming No. 1... 
Encounter breaks out in J-K's Baram... 
Nirav Modi sent to HM Prison Wandsw... 
I consider Modiji an inspiration: V... 
Man arrested for uprooting 30 ATMs ...