Monday, August 26, 2019
News

Indices end volatile day in the red, PSU banks take a toll

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

Mumbai (Maharashtra) | July 23, 2019 4:41:22 PM IST
Equity indices bounced between gains and losses on Tuesday but ended in the red for the fourth consecutive day with Sensex slipping below the 38,000-mark.

The BSE S&P Sensex closed 48 points lower at 37,983 while the Nifty 50 was down 15 points at 11,331.

At the National Stock Exchange (NSE), sectoral indices were mixed. Nifty PSU bank tumbled 3.12 per cent to close at 2,908. Auto, financial service, metal, pharma and private bank too were in the red. But FMCG, IT and realty were in the positive zone.

State Bank of India dived 2.5 per cent to Rs 342.10 per share while Indiabulls Housing Finance was down 2.2 per cent. HDFC lost by 2.1 per cent, Adani Ports and Bajaj Auto by 1.7 per cent each, and HDFC Bank by 1.4 per cent. Coal India, Zee Entertainment, Grasim and Dr Reddy also suffered losses of over 1 per cent each.

However, the shares of Dewan Housing Finance Corporation (DHFL) closed over 14 per cent higher at Rs 60.05 apiece as the private lender reported receiving investor proposals for buying a stake in the company.

Power Grid, Kotak Bank, Hero MotoCorp, ITC, and Asian Paints gained between 1.8 and 2.9 per cent.

Meanwhile, Asian stocks traded slightly higher ahead of a busy week of US corporate earnings as well as potential developments in trade negotiations. Oil prices stabilised after recent gains amid tensions in the Persian Gulf.

Japan's Nikkei was up by 0.95 per cent while Hong Kong and Shanghai gained 0.34 per cent and 0.45 per cent respectively. Trading was thin across the region with volumes below average. (ANI)

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
 
TRENDING TOPICS
 
 
CITY NEWS
MORE CITIES
 
 
 
MORE BUSINESS NEWS
Konkan Railway to run special trains...
Delhi to soon implement Swaminathan reco...
Indo-Bangladesh rail project progresses ...
Growth steps, oil prices set to boost eq...
BSNL landline turns lifeline for communi...
Need to evolve robust cybercrime managem...
More...
 
INDIA WORLD ASIA
Agartala-Delhi direct flight to improve ...
Age is just a number: Vintage MiGs, old ...
IAF taps all sources for new fighters...
Imports, indigenous production of fighte...
Woman suspected of black magic killed in...
Tripura CM mourns Arun Jaitley's death...
More...    
 
 Top Stories
Questions crop up over washed away ... 
Worlds title a dream come true: Man... 
Angelina Jolie feels fighting for b... 
Shawn Mendes apologises over racist... 
Here's how diabetes can elevate can... 
Tej Pratap plays Lord Krishna on Ja... 
TN: Political parties stage protest... 
Modi bats for strengthening India-U...