Stocks trade volatile amid weak global cues, Yes Bank tumbles by 8 pc

ANI
09 Oct 2019, 10:25 GMT+10

Mumbai (Maharashtra) [India], Oct 9 (ANI): Equity indices were largely flat amid volatile trading during early hours on Wednesday following weak global cues.

At 10:15 am, the BSE SP Sensex was down by 46 points at 37,486 while the Nifty 50 edged lower by 13 points to 11,113. At the National Stock Exchange, most sectoral indices were in the negative zone except for auto, financial services and realty.

Among stocks, Yes Bank was down by 8 per cent at Rs 42 per share after gaining for two straight sessions. Titan, Zee Entertainment, HCL Technologies and ONGC too were in the red.

However, UltraTech Cement, Kotak Mahindra Bank, LarsenToubro, MahindraMahindra and ICICI Bank showed marginal gains.

Meanwhile, Asian markets were sharply lower as US-China trade frictions persisted even as officials from the two countries meet this week to work out a deal.

MSCI's broadest index of Asia Pacific shares outside Japan was down by 0.44 per cent. 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.

Hong Kong shares fell by 0.52 per cent due to persistent worries about the often violent protest against China's rule of the former British colony.

(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 Broadcast Communications.

More Information

null in null

Business

Section

AI saves $500 million for Microsoft as layoffs reshape strategy

REDMOND, Washington: Artificial intelligence is transforming Microsoft's bottom line. The company saved over US$500 million last year...

FTC’s rule to ease subscription cancellations struck down by court

WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...

Musk’s X loses CEO Linda Yaccarino amid AI backlash, ad woes

BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...

Ex-UK PM Sunak takes advisory role at Goldman Sachs

NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...

Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets

LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...

PwC: Copper shortages may disrupt 32 percent of chip output by 2035

AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...

Sectors - Broadcasting

Section