ANI
29 May 2020, 12:48 GMT+10
Mumbai (Maharashtra) [India], May 29 (ANI): Equity benchmark indices were on a low swing during early hours on Friday ahead of the release of GDP data for January to March quarter (Q4 FY20).
The data is expected to reflect a slowdown in the economy as COVID-19 pandemic has severely hit consumer demand and private investments.
Market sentiment was weak following losses in Asian peers amid rising tensions between the United States and China.
At 10:15 am, the BSE SP Sensex was down by 177 points or 0.55 per cent at 32,023 while the Nifty 50 edged lower by 20 points or 0.21 per cent at 9,470.
Sectoral indices at the National Stock Exchange were mixed with Nifty private bank down by 1.9 per cent, financial service by 1.6 per cent and PSU bank by 1.4 per cent. But Nifty pharma moved up by 2 per cent and FMCG by 0.8 per cent.
Among stocks, private banks suffered with Axis Bank down by 2.8 per cent at Rs 379.95 per share. Kotak Mahindra Bank slipped by 2.2 per cent, HDFC Bank by 2.1 per cent and ICICI Bank by 1.4 per centMetal majors Tata Steel and Hindalco were down by 1.8 per cent and 1.3 per cent respectively while Tata Motors skidded by 2.1 per cent. The other prominent losers were Adani Ports and Bajaj Finance.
However, those which gained were Bharti Infratel, Bajaj Auto, UPL, Cipla and Dr Reddy's.
Meanwhile, Asia's stock markets pulled back as investors awaited the US response to China's parliament pressing ahead with national security legislation for Hong Kong.
MSCI's broadest index of Asia Pacific shares outside Japan fell by 0.3 per cent and Japan's Nikkei retreated from a three-month high. Hong Kong's Hang Seng was 0.4 per cent lower in early trade. (ANI)Get a daily dose of Johannesburg Life 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 Johannesburg Life.
More InformationDUBAI, U.A.E.: A cargo ship flagged under Liberia, known as the Eternity C, sank in the Red Sea following an attack executed by Yemen's...
WASHINGTON, D.C.: The Trump administration has started sending some weapons to Ukraine again, just a week after the Pentagon told officials...
ECAULT BEACH, France: On clear days, the white cliffs of the United Kingdom, are visible from northern France, where men, women, and...
ATLANTA, Georgia: The United States is facing its worst measles outbreak in more than three decades, with 1,288 confirmed cases so...
In the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
Geneva [Switzerland], July 13 (ANI): A recent report by the United Nations' World Meteorological Organisation (WMO) has revealed that...
New Delhi [India], July 13 (ANI): Devon Conway, Mitch Hay, Jimmy Neesham and Tim Robinson set to join the New Zealand T20I squad for...
Hohenstein-Ernstthal [Germany], July 13 (ANI): The wet weather has come to play on Saturday at the Liqui Moly Grand Prix of Germany,...
Shimla (Himachal Pradesh) [India], July 12 (ANI): Himachal Pradesh's Revenue, Horticulture and Tribal Development Minister Jagat Singh...
(Photo credit: Erik Williams-Imagn Images) England's Cara Gainer and Australia's Gabriela Ruffels share a one-stroke lead at 11-under...
(250712) -- HARARE, July 12, 2025 (Xinhua) -- Jonathan Marerwa, manager for radio news at the Zimbabwe Broadcasting Corporation, speaks...