Friday, July 19, 2019
News

Sensex in red, Reliance Industries down 1.57%

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai | Monday, 2019 4:15:05 PM IST
Indian equities traded in red during the morning trade session on Monday after opening slightly higher. Index heavyweight Reliance Industries was down 1.56 per cent on the BSE.

Asian shares opened mixed as investors were cautious ahead of the Federal Reserve meeting.

At 9.25 a.m. the Sensex was trading 112.01 points or 0.28 per cent lower at 39,340.06. It opened at 39,514.36 slightly higher from its Friday's close of 39,452.07.

The Nifty was down 40.15 points or 0.34 pet cent at 11,783.15.

Besides, investors continued to watch developments in the Middle East after a pair of oil tankers were attacked near the Strait of Hormuz on June 13. The incident escalates tensions in the region, heightening fears of a potential US-Iran military confrontation and disruption in oil supplies. Crude futures climbed 0.5 per cent the very next day.

The Brent was trading at $62.20 per barrel, up by 0.3 per cent.

Another point of concern for the markets said Deepak Jasani of HDFC Securities was the slowing of Chinese economy. "Chinese data pointed to the worst slowdown in industrial growth in 17 years. May industrial output growth slowed to a more than 17-year low, the weakest since 2002," Jasani said.

--IANS ravi/in

( 212 Words)

2019-06-17-10:12:07 (IANS)

 
  LATEST COMMENTS ()
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Niine Sanitary Napkins driving improveme...
DIPAM writes to power ministry to explor...
Police bust sex racket involving Rajnish...
IL&FS completes first phase of forensic ...
Sensex drops 237 points on profit bookin...
US dollar weakens amid downbeat data...
More...
 
INDIA WORLD ASIA
Allahabad HC to hear cricketer Shami's w...
Deploy less security officials in my cav...
Bengal BJP holds 'cut-money' protests in...
Woman TRS ward member arrested for thras...
Guwahati GRP arrest 2 women from train w...
Kerala Governor displeased over SFI stab...
More...    
 
 Top Stories
Sensex plunges 380 points, auto sto... 
K'taka: BJP MP Shobha Karandlaje of... 
Sonbhadra firing: UP govt suspends ... 
TDP government's scams will be expo... 
Niine Sanitary Napkins driving impr... 
Centre seeks extension of Assam NRC... 
Rajasthan: DM bars people from goin... 
Action would be taken in the land g...