ANI
12 Jun 2019, 17:07 GMT+10
Mumbai (Maharashtra) [India], June 12 (ANI): Equity benchmark indices ended three days of the rally on Wednesday with selling pressure witnessed in banking, auto and realty stocks.
The BSE SP Sensex closed 194 points lower at 39,757 while the Nifty 50 sank 59 points to settle at 11,906.
At the National Stock Exchange, most sectoral indices were in the negative zone. Realty fell by 2.05 per cent, auto by 1.13 per cent and private bank 1.02 per cent.
Shares of Indiabulls Housing Finance fell 7.8 per cent intraday after the company moved the Supreme Court seeking an urgent listing of a plea filed against it. The petition alleged that the company misappropriated Rs 98,000 crore of public money.
Reliance Capital sank 6.8 per cent to Rs 87.5o per share after the company's statutory auditor Price WaterhouseCo Chartered Accountants LLP (PwC) resigned with effect from Tuesday.
Shares of Eros International Media were locked in the lower circuit for the fifth straight day, down 9.89 per cent at Rs 33.25 apiece after Moody's Investors Service downgraded the corporate family ratings to B2 from B1. It also changed the outlook to negative from stable.
Yes Bank shed over 3 per cent after global rating agency Moody's on Tuesday placed its foreign currency issuer rating of Ba1 under review for downgrade.
The other which lost were Bharti Infratel, Tech Mahindra and Hero MotorCorp.
However, Tata Steel gained 2.7 per cent while GAIL was up 1.4 per cent. The other gainers were ONGC, Vedanta and Tata Consultancy Services.
Meanwhile, most Asian markets were in the red with Japan's Nikkei down 0.3 per cent and Shanghai blue chips falling 0.7 per cent.
Hong Kong's Hang Seng lost 1.7 per cent as demonstrators stormed roads next to government offices to protest against a bill that would allow people to be sent to China for trial.
Investors turned cautious after US President Donald Trump said on Tuesday that he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees to four or five major points. (ANI)Get a daily dose of Zimbabwe Star 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 Zimbabwe Star.
More InformationGENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
DHARAMSHALA, India: The Dalai Lama is set to address a significant three-day conference of Buddhist leaders this week, coinciding with...
WASHINGTON, D.C.: In a significant ruling last week, the U.S. Supreme Court upheld a Texas law requiring age verification for users...
ISTANBUL/PARIS/BRUSSELS: As searing temperatures blanket much of Europe, wildfires are erupting and evacuation orders are being issued...
VENICE, Italy: Over the weekend, hundreds of protesters marched through the narrow streets of Venice to voice their opposition to billionaire...
BEIJING, July 4 (Xinhua) -- As Chinese President Xi Jinping once observed, in the face of global changes of the century, pursuing modernization...
(250703) -- ADDIS ABABA, July 3, 2025 (Xinhua) -- Liu Junying (L), head of the 25th batch of the Chinese medical team, poses for a...
(250703) -- GOMA (DR CONGO), July 3, 2025 (Xinhua) -- Benjamin Mbonimpa (2nd R), the Congo River Alliance (AFC)'s permanent secretary...
MAURITIUS, 3rd July, 2025 (WAM) - The Sharjah Chamber of Commerce and Industry (SCCI) concluded its first-ever official trade mission...
Data to end violence: United Republic of Tanzania “Before, I didn’t know where to report cases of violence. Now, I have...
Accra [Ghana], July 3 (ANI): Ministry of External Affair's Secretary (Economic Relations) Dammu Ravi stated that Prime Minister Narendra...