Equities trade lower in early session, Nifty around 11,900

ANI
12 Jun 2019, 15:18 GMT+10

Mumbai (Maharashtra) [India], June 12 (ANI): Equity benchmark indices traded lower during early hours on Wednesday tracking muted global cues ahead of the release of key macroeconomic data on industrial growth and inflation.

At 10:15 am, the BSE SP Sensex was down 205 points at 39,746 while the Nifty 50 slipped 63 points to 11,903. Except for metal and media, all sectoral indices at the National Stock Exchange were in the red.

Among stocks, Indiabulls Housing Finance dropped 5.9 per cent while Yes Bank was down 2.8 per cent. The other prominent losers were Bajaj Auto, Bharti Infratel and Tata Consultancy Services.

However, mining major Vedanta, GAIL, Tata Steel, JSW Steel and Sun Pharma showed marginal gains.

Meanwhile, Asian shares were mixed. Stocks declined in Hong Kong and were flat in South Korea and Japan as investors remained in a wary mood.

A day earlier, US President Donald Trump said he will personally hold up a trade deal with China and will not complete the agreement unless Beijing returns to terms negotiated earlier in the year.

(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 Nepal National.

More Information

Business

Section

Abu Dhabi and UAE wealth funds reshuffle du holdings

DUBAI, UAE - The United Arab Emirates government's sovereign wealth fund has taken a controlling interest in Dubai telco, du.The ...

China's most profitable bank settles charges with SEC for $42 million

WASHINGTON DC - The World's largest bank by assets, ICBC, which is also China's most profitable bank, has been hit ...

Ireland bolstering trade opportunities with Tokyo, Seoul

SEOUL, South Korea - An Irish delegation wrapped up a trade mission to Japan and South Korea, in Seoul on ...

U.S. president in bid to save Pennsylvania jobs

WASHINGTON DC - U.S. President Donald Trump on Friday was lobbying Lockheed Martin to keep its Sikorsky helicopter plant in ...

BD chalks up 50th year of manufacturing at Dun Laoghaire

DUBLIN, Ireland - Becton, Dickinson and Company, more commonly known as BD, a leading global medical technology company, marked its 50th anniversary ...