City
Epaper

Equity indices subdued, IT and banking stocks dip

By ANI | Updated: August 7, 2020 10:40 IST

Equity benchmark indices were flat during early hours on Friday on the back of mixed global cues and a slow start for Asian peers.

Open in App

Equity benchmark indices were flat during early hours on Friday on the back of mixed global cues and a slow start for Asian peers.

At 10:15 am, the BSE S&P Sensex was down by 13 points or 0.03 per cent at 38,003 while the Nifty 50 was just flat -- down 0.05 points -- at 11,200.

Except for Nifty IT and financial service which lowered by 0.1 per cent, all sectoral indices at the National Stock Exchange were in the green with thin margins.

Among stocks, HCL Technologies slipped by 1.3 per cent to Rs 695.85 per share while Infosys was down by 1.1 per cent to Rs 959 per unit.

HDFC Bank and ICICI Bank retreated by 0.5 per cent each while Sun Pharma, Hero MotoCorp, HDFC and Grasim traded with a negative bias.

However, UPL gained by 2.7 per cent, Dr Reddy's by 2 per cent, ONGC by 1.5 per cent, GAIL by 1.1 per cent and Maruti Suzuki by 0.9 per cent.

Meanwhile, Asian shares tumbled after US President Donald Trump banned US transactions with China's tech giant Tencent as well as ByteDance, the owner of video-sharing app TikTok.

MSCI's broadest index of Asia Pacific shares outside Japan lost 1 per cent and Hong Kong's Hang Seng fell 2 per cent.

Mainland China's CSI 300 Index fell 1.3 per cent while Japan's Nikkei slipped by 0.6 per cent.

( With inputs from ANI )

Tags: BSE SENSEXasianiftyHong KongDonald Trump
Open in App

Related Stories

InternationalIran Formally Rejects US Ceasefire Proposal, Presents 10-Point Plan To Permanently End War

InternationalUS, Iran and Group of Mediators Make Push for 45-Day Ceasefire: Report

InternationalUS President Donald Trump Says He Will Be “Blowing Up Everything” in Iran if Tehran Doesn’t “Make a Deal” Before Tuesday, Reports Axios

InternationalUS President Donald Trump To Address Press on Monday After High-Risk Iran Rescue of Downed F-15 Crew Member

InternationalDonald Trump Imposes 100% Tariff on Branded Pharmaceuticals

Maharashtra Realted Stories

MumbaiMumbai Mega Infra Launch: CM Devendra Fadnavis to Inaugurate Metro Lines 9, 2B, Twin Tunnel and Pod Taxi Today

MumbaiMumbai ANC Seizes 7.6 Kg Hydroponic Cannabis Worth Rs 7.69 Crore in Vile Parle; One Drug Peddler Arrested

MumbaiMumbai: Man Dies by Suicide After Jumping in Front of Train; Leaves Video Alleging Wife’s Affair, Probe On

MumbaiHamza Addicted to Online Game PUBG, Used to Speak With Unknown People, Says Mumbai Accused’s Father

MaharashtraFrom Party Worker to State President: Only BJP Makes It Possible, Says Ravindra Chavan