Equity indices in red, RIL slips 2.2 pc

ANI
13 Sep 2021, 11:07 GMT+10

Mumbai (Maharashtra) [India], September 13 (ANI): Equity benchmark indices wobbled in the negative terrain during early hours on Monday with banking stocks under selling pressure.

At 10:15 am, the BSE SP Sensex was down by 345 points or 0.59 per cent at 57,960 while the Nifty 50 dipped by 97 points or 0.56 per cent to 17,273.

Many sectoral indices were in the red with Nifty private bank down by 0.5 per cent, PSU bank and pharma by 0.3 per cent each and financial service by 0.2 per cent. But Nifty metal rose by 0.6 per cent.

Among stocks, index heavyweight Reliance Industries lost by 2.2 per cent to Rs 2,371.90 per share as subsidiary Jio delayed the launch of ultra low-cost smartphone.

IT majors HCL Technologies and Infosys were down by 0.6 per cent. ICICI Bank was down by 1 per cent, Axis Bank by 0.5 per cent and IndusInd Bank by 0.4 per cent.

However, Coal India, Hindalco, JSW Steel, Bharti Airtel, Maruti Suzuki and Bajaj Auto traded with a positive bias.

Meanwhile, Asian shares made a sluggish start to a week packed with major US and Chinese economic data. MSCI's broadest index of Asia Pacific shares outside Japan eased 0.7 per cent after bouncing on Friday.

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 dipped 0.3 per cent ahead of the resistance barrier.

Hong Kong equities sank more than one per cent following another sell-off on Wall Street fuelled by fresh inflation concerns. (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

null in null

Business

Section

UAW files labor complaint as Volkswagen cuts Tennessee production

VW cuts production in Tennessee, UAW files charges against company

DETROIT, Michigan: Volkswagen's decision to scale back production at its Chattanooga, Tennessee plant has sparked backlash from the...

Spotify paid a record $10 billion in music royalties in 2024

Spotify says it paid $10 billion in royalties in 2024

STOCKHOLM, Sweden: Spotify set a new milestone in 2024, paying out US$10 billion in royalties—the highest annual payout to the music...

Jaguar Land Rover opts out of EV production at Tata’s India plant

JLR shelves plan to build EVs at Tata's India plant

NEW DELHI, India: Jaguar Land Rover (JLR) has decided against manufacturing electric vehicles at Tata Motors' upcoming $1 billion factory...

Virgin Group aims to raise $900M for cross-channel rail venture

Virgin Group to raise $900 million for rail service bid, company says

LONDON, U.K.: Virgin Group is seeking to raise $900 million to fund its plan to launch cross-channel rail services, positioning itself...

Boeing's February deliveries surge to 44, up from 27 last year

Boeing deliveries rise 63% in February from one year earlier

SEATTLE, Washington: Boeing saw a significant increase in aircraft deliveries in February, reporting 44 planes delivered compared to...

Southwest ends free checked bags, introduces new fees

At Southwest Airlines, checked bags will no longer fly for free

DALLAS, Texas: Southwest Airlines will start charging passengers for checked bags, ending a long-standing policy that set it apart...

Southeast Asia

Section