Equity indices fall on weak global cues


Mumbai, May 4 (IANS): The key Indian equity indices traded lower on Friday afternoon noting losses in the global markets.

Heavy selling was witnessed in the auto, healthcare and IT stocks.

At 12.40 p.m., the wider Nifty50 of the National Stock Exchange (NSE) traded at 10,627.55 points, down by 52.10 points or 0.49 per cent from the previous close.

Similarly, the barometer 30-scrip Sensitive Index (Sensex) of the BSE, which opened at 35,144.96 points, traded at 34,932.26 points (12.40 p.m.) - down 170.88 points or 0.49 per cent -- from its previous session's close.

The Sensex has so far touched a high of 35,206.55 and a low of 34891.09 points.

The BSE market breadth was bearish with 1,378 declines and 1,040 advances.

"Sensex and Nifty traded lower on Friday, tracking losses in global equities. Asian stocks opened lower, as investors are closely monitoring implications of ongoing trade talks between the US and China," said Dhruv Desai, Director and Chief Operating Officer, Tradebulls.

So far, the major gainers on the BSE were Adani Ports, IndusInd Bank, ONGC, HDFC Bank, ICICI Bank and while Sun Pharma, Bharti Airtel, Bajaj Auto, Infosys and Yes Bank were the major losers.

On the NSE, the top gainers were Adani Ports, GAIL and ONGC. The major losers were Sun Pharma, Infosys and Bajaj Auto.

On Thursday, the equity indices fell due to disappointing quarterly results, along with heavy selling pressure in capital goods, IT and FMCG stocks.

The Nifty50 closed at 10,679.65 points -- down 38.40 points or 0.36 per cent -- from the previous session's close, while the Sensex closed at 35,103.14 points -- down 73.28 points or 0.21 per cent -- from its previous close.

  

Top Stories


Leave a Comment

Title: Equity indices fall on weak global cues



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.