ANI
13 Jun 2019, 16:57 GMT+10
Mumbai (Maharashtra) [India], June 13 (ANI): Equity benchmark indices ended flat on Thursday amid tepid global cues as investors remained unclear over possible outcome of a trade deal between the United States and China.
The market sentiment picked up during late hours but failed to wipe out morning losses. The BSE SP Sensex closed 15 points lower at 39,741 while the Nifty 50 showed a gain of 8 points to settle at 11,914.
At the National Stock Exchange (NSE), most sectoral indices were in the negative zone. Nifty bank, financial service, realty and media gained some ground.
Shares of Jet Airways sunk 16.7 per cent to a record low at Rs 91.95 per share after NSE said the airline will soon no longer be traded in the derivatives market. In a bid to curb speculative trading, intraday trading in the stock will also be barred from June 28.
Yes Bank shares dropped 13.47 per cent and IndusInd Bank's by 4.62 per cent after Swiss multinational brokerage house UBS slashed their price target by 47 per cent and 18 per cent respectively, citing weak earnings going ahead.
Yes Bank closed at Rs 116.60 per share while IndusInd Bank was down at Rs 1,497.35 per share. Indian Oil Corporation and Maruti also lost by over one per cent.
However, shares of Indiabulls Housing Finance climbed 11.86 per cent in a knee-jerk reaction to the announcement that Abhay Yadav, who had filed a petition against promoter Sameer Gehlaut and the company over alleged fund misappropriation, has withdrawn his case in the Supreme Court.
Meanwhile, Asian shares fell for a second day with shares in Tokyo and Hong Kong leading declines. The selling pressure in Hong Kong came after a mass demonstration against legislation that would allow citizens to be extradited to China.
Investors said hopes that the United States and China will clinch a deal on the sidelines of a Group of 20 summit meeting in Osaka on June 28 and 29 have been fading. (ANI)Get a daily dose of Hong Kong Herald 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 Hong Kong Herald.
More InformationNEW YORK CITY, New York: The U.S. must accelerate its efforts to develop fusion energy or risk losing its edge to China, Virginia Governor...
WASHINGTON, D.C.: In the past 20 years, China has become the world's top shipbuilder, producing more than half of all commercial ships....
BEIJING, China: China has announced new tariffs on Canadian agricultural and food products in retaliation for Canada's recent duties...
(250316) -- BEIJING, March 16, 2025 (Xinhua) -- Tourists take selfies among blossoms in Luancheng District of Shijiazhuang, north China's...
(250316) -- LIUZHOU, March 16, 2025 (Xinhua) -- This photo taken on Jan. 8, 2025 shows workers at the construction site of an expressway...
Participants compete during the 2025 Chongqing Marathon in southwest China's Chongqing Municipality, March 2, 2025. (Xinhua/Huang Wei)...
STOCKHOLM, Sweden: Spotify set a new milestone in 2024, paying out US$10 billion in royalties—the highest annual payout to the music...
NEW DELHI, India: Jaguar Land Rover (JLR) has decided against manufacturing electric vehicles at Tata Motors' upcoming $1 billion factory...
LONDON, U.K.: Virgin Group is seeking to raise $900 million to fund its plan to launch cross-channel rail services, positioning itself...
SEATTLE, Washington: Boeing saw a significant increase in aircraft deliveries in February, reporting 44 planes delivered compared to...
DALLAS, Texas: Southwest Airlines will start charging passengers for checked bags, ending a long-standing policy that set it apart...
NEW YORK, New York - U.S. stocks rallied hard on Friday, boosted by strong rises around the world. Investors shrugged off a decline...