ANI
18 Jul 2019, 16:48 GMT+10
Mumbai (Maharashtra) [India], July 18 (ANI): Equities ended a three-day winning streak on Thursday with across-the-board selling pressure during the last hour of trading.
The BSE SP Sensex closed 318 points down at 38,897 while the Nifty 50 lost 91 points to wind up the day at 11,597.
At the National Stock Exchange, all sectoral indices were in the red except for financial services. Nifty PSU bank dipped by 3.18 per cent, auto by 2.74 per cent, metal by 2.46 per cent and realty by 1.52 per cent.
Among stocks, Yes Bank dropped 12.7 per cent at Rs 85.90 per share after reporting 91 per cent drop in its net profit and bad loans worth Rs 6,230 crore during the first quarter of current fiscal.
ONGC was down by 4.4 per cent, Coal India by 4.3 per cent, Tata Motors by 4.1 per cent and Maruti by 3.3 per cent.
However, Wipro gained over 3 per cent. HDFC and Zee Entertainment too gained over 2 per cent each while Britannia and HDFC Bank showed marginal gains.
Meanwhile, Asian shares edged lower as Wall Street stocks dropped on signs that the US-China trade war could hurt corporate earnings.
Earlier in the week, US President Donald Trump kept up the pressure on Beijing with a threat to put tariffs on another 325 billion dollars of Chinese goods.
The benchmark Nikkei shed 1.97 per cent and Chinese shares followed the suit with Shanghai Composite down 1.04 per cent.
Hong Kong's Hang Seng retreated 0.46 per cent and South Korea's market was off 0.3 per cent after the Bank of Korea unexpectedly cut its policy interest rate for the first time in three years. (ANI)Get a daily dose of Cincinnati Sun 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 Cincinnati Sun.
More InformationWASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
MOSCOW, Russia: Just hours after his sudden dismissal by President Vladimir Putin, Russia's former transport minister, Roman Starovoit,...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
LONDON, U.K.: This week, BP appointed Simon Henry, former Shell finance chief, to its board as a non-executive director effective September...