Stocks trade lower in narrow range, banking and metal stocks suffer

Fri, 04 Dec 2020

Stocks trade lower in narrow range, banking and metal stocks suffer

ANI
10 Oct 2019, 15:18 GMT+10

Mumbai (Maharashtra) [India], Oct 10 (ANI): Equity benchmark indices moved in a narrow range during early hours on Thursday as investors seemed to be cautious ahead of Q2 corporate earning announcements.

At 10:15 am, the BSE SP Sensex was down by 105 points at 38,073 while the Nifty 50 edged lower by 29 points to 11,285. Except for IT, all sectoral indices at the National Stock Exchange were in the negative zone.

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.

However, Grasim gained by 4.8 per cent, Bharti Airtel by 3.7 per cent and index heavyweight Reliance Industries by 2.6 per cent. IT majors Infosys, Tata Consultancy Services and Tech Mahindra showed marginal gains.

Meanwhile, Asian indices traded marginally higher as market participants watched for developments on the US-China trade front ahead of high-level negotiations.

Markets in Taiwan were closed on Thursday for a holiday but Japan's Nikkei gained by 0.3 per cent and Shanghai shares rose by 0.35 per cent.

(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 Japan Herald.

More Information

13 ℃

null in Tokyo

Asia Pacific

Section

New Zealand announces nine new Coronavirus cases, 5 of them historical

WELLINGTON, New Zealand, Dec. 3 (Xinhua) -- New Zealand reported nine new cases of COVID-19 in managed isolation on Thursday. ...

'Important' to have bond with opening partner: Burns

Melbourne [Australia], December 4 (ANI): Australia's Joe Burns feels establishing a bond with his opening partner is essential for succeeding ...

COVID-19 to strain more global credit conditions

Singapore, December 4 (ANI): The COVID-19 pandemic will continue to put a heavy strain on global credit conditions in 2021 ...

Xinhua Photos of the Day (Dec. 4)

BEIJING, Dec. 4 (Xinhua) -- The world in the past 24hrs. A selection of the best daily press photos from ...

Major reform of surveillance laws proposed by review

A new single legislative framework governing electronic surveillance activities in Australia has been recommended by a sweeping review of the ...

US Ambassador to India extends greetings on Navy Day

New Delhi [India], December 4 (ANI): US Ambassador to India Kenneth Juster has extended greetings to the Indian Navy on ...

Business

Section

Stocks in Asia continue on path to nowhere, dollar losses consolidate

SYDNEY, NSW, Australia - Stocks in Asia continued to meander on Friday, while demand for the U.S. dollar continued to ...

Brazilian economy recovering fast after two negative quarters

RIO DE JANEIRO, Brazil, (Xinhua) -- Brazil's Economy Minister Paulo Guedes said Thursday that the country's economy is going through ...

Wall Street retreats from healthy gains, U.S. dollar caned again

NEW YORK, New York - U.S. stocks waded into heavy weather on Thursday with gains withering in the final hour ...

Weekly U.S. jobless claims dropped by more than 10 percent last week

WASHINGTON, DC - U.S. unemployment benefit claims fell last week, the Labor Department reported Thursday, even as the surging number ...

Microsoft expands its esports network

Microsoft expanded its esports scope Wednesday, announcing the acquisition of tournament event platform Smash.gg.In a tweet from the MSN_Esports account, ...

Clinical research firm with Irish base prepares for Covid-19 vaccines

DUBLIN, Ireland - A leading global provider of advanced analytics, technology solutions and clinical research services to the life sciences ...

Movie Review

Rambo

Rambo