Equity indices in red, RIL slips 2.2 pc

ANI
13 Sep 2021, 15:37 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 Manila Metro.

More Information

33 ℃

Mostly Cloudy in Science Garden

Asia Pacific

Section

European Union supports France in spat with Australia over subs

France continues to fume over Australia's decision to ditch a €60bn French contract to build 12 submarines for the Australian ...

After China crackdown, teachers leaving Hong Kong

HONG KONG: Disillusioned school teachers, who feel threatened by Beijing's strict national security law enacted in June 2020, are leaving ...

Ad revenue on Australian commercial radio stations surges in August

SYDNEY, NSW, Australia - Australian commercial radio ad revenue has bounced back up despite ongoing lockdown restrictions across the country.Revenue ...

China enacts emergency procedures after earthquake hits Sichuan

BEIJING, China: China is carrying out emergency procedures after a 6.0-magnitude earthquake struck Sichuan Province in the country's southwest, killing ...

China seeks membership in Asia trade group Trans-Pacific Partnership

BEIJING, China: Seeking to expand its influence, China is seeking to join an 11-nation Asia-Pacific free trade group, the Comprehensive ...

US to provide Australia with nuclear submarines to blunt Chinese

WASHINGTON, D.C.: U.S. President Joe Biden, U.K. Prime Minister Boris Johnson and Australian Prime Minister Scott Morrison have announced that ...

International

Section