ANI
13 Sep 2021, 18:48 GMT+10
Mumbai (Maharashtra) [India], Sep 13 (ANI): Equity benchmark indices edged lower on Monday with Reliance Industries along with select banking and IT stocks under selling pressure throughout the trading session.
At the closing bell, the BSE SP Sensex was down by 127 points or 0.22 per cent at 58,178 while the Nifty 50 dipped by 14 points or 0.08 per cent to 17,355.
Sectoral indices were mixed with Nifty private bank down by 0.5 per cent, PSU bank by 0.4 per cent and financial service by 0.2 per cent. But Nifty metal rose by 1.3 per cent and realty by 0.6 per cent.
Among stocks, index heavyweight Reliance Industries lost by 2.3 per cent to Rs 2,369.80 per share as subsidiary Jio delayed the launch of ultra low-cost smartphone.
ICICI Bank was down by 1.7 per cent, HDFC Bank by 0.8 per cent, Axis Bank by 0.4 per cent and IndusInd Bank by 0.3 per cent.
IT majors Tech Mahindra and Infosys were down by 0.3 per cent and 0.04 per cent respectively. Eicher Motors, MahindraMahindra, Hero MotoCorp and Bajaj Auto too were in the negative zone.
However, Coal India, Hindalco, Tata Steel, Bharti Airtel, Britannia and Britannia traded with a positive bias.
Meanwhile, Asian shares made a sluggish start to a week packed with major US and Chinese economic data.
Japanese shares have been on a tear as hopes for fresh stimulus from a new Prime Minister saw the Nikkei surge 4.3 per cent last week. But the Nikkei rose by 0.22 per cent ahead of the resistance barrier.
Hong Kong equities sank 1.5 per cent following another sell-off on Wall Street fuelled by fresh inflation concerns. South Koreas's Kospi was up only 0.07 per cent. (ANI)Get a daily dose of Asia Bulletin 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 Asia Bulletin.
More InformationISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
PARIS, France: France is taking stronger steps to reduce smoking. A new health rule announced on Saturday will soon ban smoking in...
WASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
NEW YORK, New York - U.S. stocks diverged on Wednesday for the second day in a row. The Standard and Poor's 500 hit a new all-time...
NEW YORK CITY, New York: The U.S. dollar continues to lose ground, weighed down by growing concerns over Washington's fiscal outlook...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
SANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...