National Stock Exchange
Asian shares saw a rally on signs the United States and China are moving closer to a truce in their trade war.
The other prominent gainers were IT majors Infosys and Wipro, Grasim, Larsen & Toubro and Vedanta.
Equity benchmark indices remained flat on the bourses during early hours of Wednesday amid weak global cues as investors awaited a slew of corporate earnings of the second fiscal quarter.
Among stocks, Yes Bank was down by 4.4 per cent at Rs 41.35 per share. State Bank of India, ICICI Bank, HDFC Bank, Axis Bank, Tata Motors, Tata Steel and Hindalco too were in the red by over 2 per cent each.
Chinese shares fell by 0.47 per cent while Japan's Nikkei slid by 0.7 per cent in its biggest decline over a week.
BSE S&P Sensex was down by 300 points at 38,522 while the Nifty 50 slipped by 87 point to 11,425. At the National Stock Exchange, most sectoral indices were in the red except for FMCG and IT.
BSE S&P Sensex was up by 335 points at 38,928 while the Nifty 50 gained by 108 points to 11,548. At the National Stock Exchange, all sectoral indices were in the positive zone.
Banking stocks were in the red with State Bank of India losing by 2.9 percent and Kotak Mahindra Bank by 2.1 per cent. HDFC slipped by 2.2 per cent. The other prominent losers were Cipla, Hindalco, GAIL, Vedanta and Tata Steel.
Central banks around the world have been loosening policy to counter the risks of low inflation and recession.
IT stocks were in the negative territory with HCL Technologies dipping by 1.9 per cent, Wipro by 1.5 per cent, Tech Mahindra by 1.1 per cent, Infosys by 0.9 per cent and Tata Consultancy Services by 0.7 per cent.
At 10 am, the BSE S&P Sensex was down by 53 points at 36,928 while the Nifty 50 lowered by 13 points to 10,933.
At the National Stock Exchange, sectoral indices were mixed with Nifty metal down by 1.37 per cent. Nifty auto, FMCG, PSU bank and private bank too were in the negative territory.
The BSE S&P Sensex was down by 129 points at 36,932 while the Nifty 50 edged lower by 46 points to 10,873.
Investors await further measures to reverse the slowdown in the national economy and either some tweaks or rollback of the tax surcharge on super-rich from the Centre.
Among stocks, Bharti Airtel gained 3.6 per cent to Rs 346.55 per share. Pharma major Sun Pharma and Cipla showed gains of over 1.2 per cent while ICICI Bank was up 1.7 per cent.
Asian shares shrugged off a tech-fueled rally on Wall Street a day earlier and saw muted trading on Thursday amid a mixed picture for corporate earnings.
Mumbai: Equity benchmark indices extended losses during early hours on Monday tracking weak global cues with small and midcap stocks suffering losses. At 10:15 am,...
Yes Bank dipped 10.72 per cent lower at Rs 87.85 per share after reporting 91 per cent drop in its net profit and bad loans worth Rs 6,230 crore during the first quarter of current fiscal.