Equity indices subdued, IT and banking stocks dip

ANI
07 Aug 2020, 10:48 GMT+10

Mumbai (Maharashtra) [India], Aug 7 (ANI): 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 SP 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. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Central Asia Times.

More Information

null in null

International

Section

Critics say Özdağ case aims to silence Erdogan opponents

Turkish far-right leader on trial for inciting hatred

ANKARA, Turkey: A Turkish far-right politician went on trial Wednesday, facing charges of inciting public hatred—an episode critics...

Assisted dying bill clears key hurdle in UK Parliament

UK Parliament backs assisted dying in historic vote

LONDON, U.K.: In a landmark moment for Britain, lawmakers in the House of Commons have voted in favour of legalising assisted dying,...

International law no longer a priority among Western leaders

World returns to 'law of jungle' in face of pre-emptive strikes

Western support for Israel's right to strike Iran backs up a pattern of pre-emptive violence that critics say is further eroding international...

Carney sets 30-day deadline for US trade deal

Canada threatens higher tariffs on US steel, aluminum

OTTAWA, Canada: Canada may boost its counter-tariffs on steel and aluminum imported from the U.S. if a comprehensive trade agreement...

Leaked call pushes Thai govt to the brink as allies waver

Thai PM faces coalition crisis after leak and party walkout

BANGKOK, Thailand: Thailand's government is facing its biggest crisis in nearly a year, as Prime Minister Paetongtarn Shinawatra's...

Trump orders U.S. to join Netanyahu's war on Iran

Trump fires opening salvos in U.S. declaration of war on Iran

WASHINGTON, DC - U.S. President Donald Trump how bowed to pro-Israel elements in his administration and Congress, announcing that the...

Asia

Section

Leaked call pushes Thai govt to the brink as allies waver

BANGKOK, Thailand: Thailand's government is facing its biggest crisis in nearly a year, as Prime Minister Paetongtarn Shinawatra's...

New Zealand PM seeks stronger ties with China amid security talks

New Zealand PM Luxon in China to boost trade and tourism

BEIJING/WELLINGTON: New Zealand's Prime Minister Christopher Luxon commenced his visit to China on June 17, seeking to strengthen trade...

Investigators examining Black Boxes recovered from Air India Boeing

India probes Dreamliner crash with recovered black box data

NEW DELHI, India: Indian investigators are examining the black boxes from a Boeing 787 Dreamliner to determine the cause of a catastrophic...

Israel-Iran tensions could widen India's CAD by 0.3% of GDP, says ICRA

New Delhi [India], June 23 (ANI): If the heightened tension in the West Asia pushes average crude prices by USD 10 per barrel, it will...

"Gulf will be engulfed with fire if US continues aggression": West Asia expert Waiel Awwad warns of devastating consequences

New Delhi [India], June 23 (ANI): West Asia strategist Waiel Awwad on Monday shared his insights on the recent US airstrikes on Iranian...

JGU Signs 8 New MoUs with Leading Universities in Japan to Expand Academic Collaborations

OP Jindal University Tokyo [Japan] June 23: In a significant move that reinforces India's growing academic diplomacy with Japan,...