ANI
31 Jul 2020, 10:48 GMT+10
Mumbai (Maharashtra) [India], July 31 (ANI): Equity benchmark indices wobbled between gains and losses during early hours on Friday in line with Asian peers following a record contraction in economic data from the United States.
At 10:15 am, the BSE SP Sensex was down by 113 points or 0.3 per cent at 37,623 while the Nifty 50 slipped by 31 points or 0.28 per cent at 11,071.
Except for Nifty financial service, all sectoral indices at the National Stock Exchange were in the green with Nifty IT gaining by 1.8 per cent and pharma by 1.5 per cent.
Among stocks, HCL Technologies ticked up by 2.8 per cent to Rs 715.05 per share while Tata Consultancy Services was up by 2.2 per cent and Infosys by 2 per cent. Cipla traded 3 per cent higher at Rs 706.40 per share.
State Bank of India advanced by 2.5 per cent, ICICI Bank by 1.8 per cent, IndusInd Bank by 1.5 per cent and Axis Bank by 1.3 per cent.
However, India's largest company in terms of market cap Reliance Industries lost by 2.5 per cent to Rs 2,055.80 per share on profit-booking, a day after it reported over 30 per cent jump in Q1 net profit at Rs 13,248 crore.
The other which lost were HDFC, HDFC Bank, HDFC Life, Kotak Mahindra Bank, Eicher Motors and Hero MotoCorp.
Meanwhile, Asian shares were mixed as abysmal economic data from the United States and rising global COVID-19 cases weighed on sentiment.
US GDP collapsed at a 32.9 per cent annualised rate in the second quarter, the deepest decline on record, while jobless claims rose last week.
After rising in early trade, MSCI's broadest index of Asian shares outside Japan was down by 0.22 per cent. Seoul's Kospi ticked down by 0.2 per cent while Japan's Nikkei dropped by 1.87 per cent. (ANI)Get a daily dose of Kolkata Sun 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 Kolkata Sun.
More InformationWASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
GENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...
Those working overseas sent $135.46 billion to the country in the last fiscal year The Indian diaspora sent a record $135.46 billion...
Kishtwar (Jammu and Kashmir) [India], July 4 (ANI): As Amarnath Yatra began after the recent Pahalgam terror attack, Kishtwar MLA Shagun...
New Delhi [India], July 4 (ANI): Keeping the door open for diplomacy, Iran has stated that any negotiation process with the US is meaningless...
Doda (Jammu and Kashmir) [India], July 4 (ANI): The Jammu and Kashmir Police has intensified security arrangements in the Doda region...