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

Credit: newKerala.com- Published on September 17, 2020

Video credit: ANI
Published on September 17, 2020 -  01:09
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.

You are here


Related videos from verified sources

Equity Indices in the Red amid Weak Global Cues 01:50
Credit: ANI - Published on September 22, 2020 


Equity indices crash with across-the-board selling amid weak global cues 01:13
Credit: ANI - Published on September 21, 2020 


Sensex rallies 288 points, pharma and banking stocks gain 01:12
Credit: ANI - Published on September 15, 2020 


Related news from verified sources

Equity indices finished lower for the second consecutive session on Friday with the benchmark BSE sensex plunging over 600 points dragged by banking, financial...
on September 4, 2020 • IndiaTimes

Equity indices finished higher on Thursday with the benchmark BSE sensex rising nearly 650 points led by gains in banking and financial stocks amid positive...
on September 10, 2020 • IndiaTimes

You might like