India  

Equities on downward swing, Reliance cracks by 1.8 pc

Video Credit: ANI - Duration: 01:17s - Published
Equities on downward swing, Reliance cracks by 1.8 pc

Equities on downward swing, Reliance cracks by 1.8 pc

Equity benchmark indices closed marginally lower on Friday in line with Asian peers following a record contraction in economic data from the United States.

The BSE SandP Sensex was down by 129 points or 0.34 per cent at 37,607 while the Nifty 50 slipped by 29 points or 0.26 per cent at 11,073.

Sectoral indices at the National Stock Exchange were mixed with Nifty pharma gaining by 3.5 per cent and PSU bank by 1.4 per cent.

But Nifty financial service, private bank and auto were in the red.

Among stocks, Reliance Industries lost by 1.84 per cent to Rs 2,070 per share on profit-booking, a day after it reported over 30 per cent jump in Q1 net profit at Rs 13,248 crore.

Eicher Motors slipped by 2.7 per cent, Bajaj Auto by 1.6 per cent and Hero MotoCorp by 1.2 per cent.

HDFC Bank, HDFC and HDFC Life lost by 1.6 per cent, 1.3 per cent and 1.2 per cent respectively.

The other prominent losers were Kotak Mahindra Bank, Wipro and Asian Paints.

However, Sun Pharma moved up 5.4 per cent to close at Rs 537.80 per share while Cipla witnessed a gain of Rs 5.1 per cent.

JSW Steel, State Bank of India, Axis Bank, HCL Technologies and Tata Motors too traded in the green.

Meanwhile, Asian shares slid as abysmal economic data from the United States and rising global COVID-19 cases weighed on sentiment.

US GDP collapsed at a 32.9 per cent annualised rate in the second quarter, the deepest decline on record, while jobless claims rose last week.

Japan's Nikkei dropped by 2.82 per cent, Hong Kong's Hang Seng by 0.47 per cent and Seoul's Kospi by 0.78 per cent.


You Might Like


💡 newsR Knowledge: Other News Mentions

Reliance Industries Reliance Industries Indian multinational conglomerate company

Closing bell: Sensex jumps 646 points, Reliance up 7.1% to hit record high [Video]

Closing bell: Sensex jumps 646 points, Reliance up 7.1% to hit record high

Equity benchmark indices were on an upswing on September 10 following a spurt in Asian markets with Reliance Industries and banking stocks leading the rally. The BSE S-P Sensex closed 646 points or 1.69 per cent higher at 38,840 while the Nifty 50 gained by 171 points or 1.52 per cent at 11,449. Most sectoral indices at the National Stock Exchange were in the green with Nifty PSU bank gaining by 2.46 per cent, private bank by 1 per cent and financial service by 0.7 per cent. Among stocks, index heavyweight Reliance Industries hit a record high to Rs 2,314.65 per share, up 7.1 per cent on BSE. At the closing bell, its market capitalisation stood at Rs 14.67 lakh crore (or close to 200 billion dollars).The development came a day after announcing that US technology investor Silver Lake will invest Rs 7,500 crore in Reliance Retail Ventures. Shares of State Bank of India (SBI) closed 1.67 per cent higher at Rs 198.15 per share after the country's biggest lender said it raised Rs 4,000 crore via additional tier one (AT1) bonds. Bharat Petroleum Corporation advanced by 6 per cent, Indian Oil Corporation by 3.8 per cent, Axis Bank by 3.6 per cent, IndusInd Bank by 2.6 per cent and Tata Motors by 2.1 per cent.

Credit: ANI    Duration: 01:10Published
Equity indices flat after historic contraction in Q1 GDP [Video]

Equity indices flat after historic contraction in Q1 GDP

Equity benchmark indices were flat during early hours on September 01 as official figures released a day earlier showed 23.9 per cent fall in the economy during the first quarter of the current financial year. At 10:15 am, the BSE SandP Sensex up by 85 points or 0.22 per cent at 38,714 while the Nifty 50 gained by 27 points or 0.24 per cent at 11,415.All sectoral indices at the National Stock Exchange were in the green with Nifty metal gaining by 2.5 per cent, pharma by 1.9 per cent, private bank by 1.3 per cent and auto by 1.2 per cent.Among stocks, JSW Steel was up by 2.5 per cent to Rs 276.55 per share, Hindalco by 2 per cent and Tata Steel by 2 per cent. The other prominent gainers were IndusInd Bank, Asian Paints, Bharti Infratel, Eicher Motors and Bajaj Finance.However, ONGC dipped by 2.8 per cent to Rs 79.65 per share. Axis Bank, Reliance Industries, ITC and energy majors like GAIL, IndianOil Corporation, Bharat Petroleum Corporation and Coal India traded with a negative bias.Meanwhile, Asian stocks edged higher after strong readings on China's vast manufacturing sector offset the weak lead from a softer Wall Street session.

Credit: ANI    Duration: 01:03Published
Sensex crashes by 839 points on geopolitical tensions, bank stocks hit badly [Video]

Sensex crashes by 839 points on geopolitical tensions, bank stocks hit badly

Equity benchmark indices erased all morning gains and cracked by over 2 per cent on geopolitical concerns and ahead of the GDP first-quarter data. At the closing bell, the BSE SandP Sensex was down by 839 points or 2.13 per cent at 38,628 while the Nifty 50 lost by 305 points or 2.62 per cent at 11,342. All sectoral indices at the National Stock Exchange were in the red with Nifty pharma losing by 5.2 per cent, PSU bank by 5 per cent, private bank by 3.6 per cent metal by 4.2 per cent and realty by 4.8 per cent. Government-owned State Bank of India lost by 5.9 per cent to Rs 211.45 per share as private lender IndusInd Bank lost by 5.1 per cent to Rs 631.25. The other prominent losers were Bajaj Finserv, Bajaj Finance, Zee Entertainment and NTPC. However, Future Retail was up by 20 per cent to Rs 162.30 per share after Mukesh Ambani-led Reliance Industries said it will acquire the company's retail, wholesale, logistics and warehousing business for Rs 24,713 crore.

Credit: ANI    Duration: 01:15Published
Equity indices gain 1%, Future Retail up 20% [Video]

Equity indices gain 1%, Future Retail up 20%

Equity benchmark indices traded one per cent higher during early hours on August 31 on positive global cues and steady flow of foreign institutional investor (FII) funds. At 10:15 am, the BSE SandP Sensex up by 339 points or 0.86 per cent at 39,806 while the Nifty 50 gained by 99 points or 0.85 per cent at 11,746. Most sectoral indices at the National Stock Exchange were in the green with Nifty PSU bank gaining by 1.5 per cent, private bank by 1.4 per cent and IT 1.1 per cent. But Nifty pharma dipped by 0.5 per cent. Among stocks, Future Retail rose by 20 per cent to Rs 162.30 per share after Mukesh Ambani-led Reliance Industries (RIL) said it will acquire the company's retail, wholesale, logistics and warehousing business for Rs 24,713 crore. Adani Ports ticked up by 4.2 per cent, Bharti Infratel by 4 per cent and Tata Motors by 3.4 per cent. HDFC Bank and Axis Bank rose by 2.1 per cent and 1.9 per cent respectively while Bajaj Finserv gained by 1.6 per cent.However, JSW Steel, Bharti Airtel, Sun Pharma and Cipla suffered losses.

Credit: ANI    Duration: 01:03Published

NIFTY 50 NIFTY 50 Indian stock market index

Equity indices trade higher, pharma stocks rally [Video]

Equity indices trade higher, pharma stocks rally

Equity benchmark indices traded higher during early hours on Friday amid mixed cues from their Asian peers. At 10:15 am, the BSE S-P Sensex was up by 136 points or 0.35 per cent at 39,115 while the Nifty 50 moved up by 56 points or 0.48 per cent at 11,576. Except for Nifty FMCG, all sectoral indices at the National Stock Exchange were in the green with Nifty pharma gaining by 3.8 per cent, realty by 0.9 per cent and auto by 0.7 per cent. Among stocks, Dr Reddy's Laboratories jumped by 4.6 per cent to Rs 5,051.20 per share after the company said it has settled its patent litigation with Celgene for the latter's cancer drug capsules. Cipla ticked up by 5.4 per cent and Sun Pharma by 3 per cent while Oberoi Realty advanced by 2.4 per cent. Eicher Motors, Adani Ports, Tech Mahindra and Wirpo traded with a positive bias. FMCG stocks fell with Hindustan Uniliver slipping by 1.4 per cent, Nestle India by 0.3 per cent and Britannia by 0.2 per cent.

Credit: ANI    Duration: 01:24Published
Equity indices nudge lower on weak global cues, banking stocks dip [Video]

Equity indices nudge lower on weak global cues, banking stocks dip

Equity benchmark indices traded lower during early hours on Thursday on the back of weak global cues after the US Federal Reserve indicated the interest rate could stay close to zero for years. At 10:15 am, the BSE S-P Sensex was down by 141 points or 0.36 per cent at 39,162 while the Nifty 50 lost by 39 points or 0.34 per cent at 11,565. Except for Nifty IT and pharma, all sectoral indices at the National Stock Exchange were in the negative terrain with Nifty private bank losing by 1 per cent and financial service by 0.9 per cent. Among stocks, ICICI Bank dropped by 1.3 per cent to Rs 369.85 per share while HDFC Bank lowered by 1 per cent. The other major losers were Hindalco, Tata Consultancy Services, Bajaj Auto and Tata Motors.However, HCL Technologies moved up by 2 per cent to Rs 811.20 per share and Tech Mahindra by 1.7 per cent. Dr Reddy's, Hero MotoCorp, Grasim and Asian Paints also traded with a positive bias.

Credit: ANI    Duration: 01:09Published
Closing bell: Equity indices in positive terrain, Dr Reddy's top gainer [Video]

Closing bell: Equity indices in positive terrain, Dr Reddy's top gainer

Equity benchmark indices traded higher in the afternoon session on September 16 while Asian stocks were flat ahead of the US Federal Reserve's view on the economy. The BSE S-P Sensex closed 259 points or 0.66 per cent at 39,303 while the Nifty 50 gained by 83 points or 0.72 per cent at 11,605. Except for Nifty media and PSU bank, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty realty gaining by 2.2 per cent, pharma by 2 per cent and auto by 1.5 per cent. Among stocks, Dr Reddy's jumped by 4.44 per cent to close at Rs 4,639.60 per share after it announced cooperation with Russian Direct Investment Fund (RDIF) to conduct clinical trials and distribute Sputnik V vaccine in India for treatment of COVID-19. Mahindra - Mahindra accelerated by 4 per cent to Rs 638.05 per share while Bajaj Auto moved up by 3.5 per cent and Tata Motors by 1.7 per cent.

Credit: ANI    Duration: 01:21Published

HDFC Bank Indian private sector bank

Opening bell: Equity indices trade higher, IT stocks shine [Video]

Opening bell: Equity indices trade higher, IT stocks shine

Equity benchmark indices traded firm during early hours on Monday on the back of positive global cues as hopes of a coronavirus vaccine were rekindled after AstraZeneca resumed its phase three trial. At 10:15 am, the BSE SandP Sensex was up by 273 points or 0.7 per cent at 39,127 while the Nifty 50 gained by 69 points or 0.6 per cent at 11,534.Except for Nifty pharma and FMCG. All sectoral indices at the National Stock Exchange were in the positive zone with Nifty IT gaining by 2.2 per cent and realty by 3.1 per cent. Among stocks, HCL Technologies spurted by 6.3 per cent to Rs 765 per share while Tech Mahindra moved up by 2.7 per cent, Tata Consultancy Services by 1.8 per cent, Infosys by 1.7 per cent and Wipro by 1.6 per cent.Realty major DLF ticked up by 2.1 per cent to Rs 157.55 per share while Oberoi Realty advanced by 4 per cent to Rs 392. The others which gained were Tata Motors, Adani Ports and HDFC.However, those which lost were Asian Paints, Bajaj Finance, Hero MotoCorp, Maruti and Bharti Infratel.

Credit: ANI    Duration: 01:04Published

National Stock Exchange of India National Stock Exchange of India Stock exchange in Mumbai


Hero MotoCorp Hero MotoCorp Indian two-wheeler manufacturing company

Opening Bell: Equity indices trade flat, auto stocks gain [Video]

Opening Bell: Equity indices trade flat, auto stocks gain

Equity benchmark indices traded flat with a positive bias during early hours on September 16 while Asian stocks rose ahead of the US Federal Reserve's view on the economy. At 10:15 am, the BSE SandP Sensex was up by 60 points or 0.15 per cent at 39,105 while the Nifty 50 gained by 19 points or 0.16 per cent at 11,540. Except for Nifty IT and PSU bank, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty auto gaining by 2 per cent and realty by 1 per cent. Among stocks, Mahindra and Mahindra accelerated by 4.7 per cent to Rs 642.40 per share while Bajaj Auto moved up by 3 per cent. Tata Motors gained by 2.5 per cent, Hero MotoCorp by 1.7 per cent, Eicher Motors by 1.6 per cent and Maruti Suzuki by 1.2 per cent.

Credit: ANI    Duration: 01:10Published

Kotak Mahindra Bank Indian private sector bank

Equity indices volatile amid India-China border tension [Video]

Equity indices volatile amid India-China border tension

Equity benchmark indices were volatile during early hours on Sep 08 due to enhanced level of geopolitical tensions. At 10:15 am, the BSE SandP Sensex was up by 116 points or 0.3 per cent at 38,533 while the Nifty 50 was up by 9 points or 0.08 per cent at 11,364. Except for Nifty IT and pharma, all sectoral indices at the National Stock Exchange were in the red with thin margins. Among stocks, Bharti Infratel dropped by 3.7 per cent to Rs 222.30 per cent, Bharti Airtel by 1.1 per cent, Nestle India and Tata Motors by 1.3 per cent each. The other prominent losers were ONGC, Power Grid Corporation, Grasim, ITC, Kotak Mahindra Bank and JSW Steel.

Credit: ANI    Duration: 01:03Published
Equity indices spurt with rally in banking scrips, IndusInd up 12 pc [Video]

Equity indices spurt with rally in banking scrips, IndusInd up 12 pc

Equity benchmark indices traded higher on the first day of September futures and options series with banking and financials contributing significantly to the gains. The BSE S and P Sensex closed 354 points or 0.9 per cent higher at 39,467 while the Nifty 50 gained by 96 points or 0.83 per cent at 11,655. Except for Nifty auto, FMCG and metal, all sectoral indices at the National Stock Exchange were in the green with Nifty PSU bank gaining by 4.9 per cent, private bank by 4.5 per cent and financial service by 2.1 per cent. IndusInd Bank jumped by 12 per cent to close at Rs 679.05 per share while Axis Bank moved up by 7.9 per cent, ICICI Bank by 4.4 per cent and Kotak Mahindra Bank by 3.7 per cent.Punjab National Bank was up by 5.6 per cent at Rs 37.30 per share while State Bank of India gained by 4.5 per cent to Rs 225.40. The other major gainers were UPL, Sun Pharma, Adani Ports, Grasim and Bharti Infratel.However, JSW Steel, Hero MotoCorp, Tata Motors, HDFC Life, Infosys, Dr Reddy's and Hindustan Lever traded with a negative bias. Meanwhile, Asian shares were mixed as investors pondered over the US Federal Reserve's new strategy to adopt an average inflation target and restore the United States to full employment in the fight to contain coronavirus pandemic. Japanese shares dropped with the Nikkei down 1.41 per cent as Prime Minister Shinzo Abe resigned because of a chronic health condition, saying he will stay on until a new leader is appointed.But Hong Kong's Hang Seng rose by 0.56 per cent and South Korea's Kospi ticked up by 0.4 per cent.

Credit: ANI    Duration: 01:13Published
Equity indices trade higher, Eicher Motors top gainer [Video]

Equity indices trade higher, Eicher Motors top gainer

Equity benchmark indices traded on a positive note during early hours on Monday led by gains in financial and auto stocks. At 10:15 am, the BSE S-P Sensex was up by 215 points or 0.56 per cent at 38,650 while the Nifty 50 gained by 68 points or 0.6 per cent at 11,440.Except for Nifty IT and pharma, all sectoral indices at the National Stock Exchange were in the green with Nifty private bank moving up by 1.6 per cent, financial service by 1.5 per cent and auto by 1.1 per cent. Among stocks, Eicher Motors witnessed a dramatic jump of 8.4 per cent to Rs 2,353 per share. Kotak Mahindra Bank gained by 2.8 per cent, HDFC Bank by 2.2 per cent and ICICI Bank by 1.2 per cent. Grasim, Adani Ports, Asian Paints and Bharat Petroleum Corporation too traded with a positive bias. However, those which lost were Tech Mahindra, HCL Technologies, Cipla, Sun Pharma and Titan.

Credit: ANI    Duration: 01:08Published
Banking and financials drag down equity indices, ICICI Bank top loser [Video]

Banking and financials drag down equity indices, ICICI Bank top loser

Equity benchmark indices snapped three-days of winning streak during early hours on Thursday on weak global cues after the Federal Reserve warned that the US economic recovery faces a highly uncertain path. At 10:15 am, the BSE S and P Sensex was down by 291 points or 0.75 per cent at 38,324 while the Nifty 50 slipped by 75 points or 0.66 per cent at 11,333. Most sectoral indices at the National Stock Exchange were in the red with Nifty private bank and financial service dipping by 1 per cent each. Among stocks, ICICI Bank lost by 2.2 per cent to Rs 366.30 per share while IndusInd Bank and Kotak Mahindra Bank retreated by 1.5 per cent and 1.1 per cent respectively.

Credit: ANI    Duration: 01:08Published

Eicher Motors Eicher Motors Indian automobile manufacturing company


Bajaj Auto Bajaj Auto Indian two-wheeler and three-wheeler manufacturing company


Tweets about this