ANI
12 Sep 2019, 16:48 GMT+10
Mumbai (Maharashtra) [India], Sept 12 (ANI): Equity benchmark indices reversed morning gains to end lower on Thursday ahead of the macroeconomic data as well as a key meeting of the European Central Bank that could begin another wave of monetary easing by global central banks.
The BSE SP Sensex closed 167 points or 0.45 per cent lower at 37,104 while the Nifty 50 slipped by 55 points to 10,981. Most sectoral indices at the National Stock Exchange (NSE) were in the red.
Nifty auto skidded by 1.8 per cent after the country's largest carmaker Maruti Suzuki India contradicted Finance Minister Nirmala Sitharaman, saying that millennials opting for cab-hailing apps Ola and Uber may not be a big factor for the current slowdown in car sales.
Similarly, Nifty FMCG, IT, media, metal, and realty too closed with a negative bias.
Among stocks, Yes Bank was a top loser and wiped out Wednesday's gains by 4.68 per cent to close at Rs 68.25 per share. Axis Bank also lost by 2.8 per cent.
Auto stocks were hit across the board with Tata Motors losing by 3.8 per cent, Maruti by 3 per cent and Eicher Motors by 2.3 per cent. Among the other prominent losers were JSW Steel, Zee Entertainment, GAIL, Bharti Airtel and UPL.
However, Indiabulls Housing Finance, ICICI Bank, Hindalco, and Sun Pharma showed marginal gains.
Meanwhile, Asian stocks hit a six-week high with somewhat easing of US-China trade frictions and expectations that the European Central Bank will begin another wave of monetary easing by global central banks.
MSCI's broadest index of Asia Pacific shares outside Japan was up by 0.4 per cent while Japan's Nikkei stock index rose by 0.75 per cent and South Korea's KOSPI by 0.84 per cent.
Chinese stocks rose after US President Donald Trump agreed to delay an additional increase in tariffs on Chinese goods by two weeks at the request of China's Vice Premier Liu He as a gesture of goodwill. (ANI)Get a daily dose of Cape Town Express news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Cape Town Express.
More InformationIn the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
(Photo credit: Bill Streicher-Imagn Images) Australia's Cameron Smith and England's Lee Westwood were in a five-way tie for the lead...
London [UK], July 11 (ANI): Young prodigy Jamie Smith became just the third England wicketkeeper to hammer 400 runs in a Test series,...
London [UK], July 11 (ANI): England's talismanic batter Joe Root shattered the 'Wall' Rahul Dravid's record for most outfield catches...
London [UK], July 11 (ANI): England right-hand batter Joe Root's poor form in Tests against India's right-arm seamer Jasprit Bumrah...
London [UK], July 11 (ANI): England right-hand batter Jamie Smith on Friday levelled the record of South African cricketer Quinton...