ANI
22 Feb 2021, 15:18 GMT+10
Mumbai (Maharashtra) [India], Feb 22 (ANI): Equity benchmark indices drifted lower during early hours on Monday amid concerns over rising inflation and bond yields.
At 10:15 am, the BSE SP Sensex was down by 417 points or 0.82 per cent at 50,472 while the Nifty 50 edged lower by 99 points or 0.66 per cent to 14,883.
Most sectoral indices at the National Stock Exchange were in the red with Nifty auto down by 0.9 per cent and pharma by 0.8 per cent. But Nifty metal was up by 2.8 per cent.
Among stocks, MahindraMahindra lost by 2.4 per cent to Rs 858.05 per share while Maruti Suzuki skidded by 1.4 per cent. Eicher Motors was down by 1.3 per cent to Rs 2,550.50 per share.
The other major losers were LarsenToubro, HDFC, Axis Bank, IndusInd Bank, HCL Technologies and Tata Consultancy Services.
However, metal stocks gained substantially with Hindalco up by 4.5 per cent, Tata Steel by 3.3 per cent and JSW Steel by 3.2 per cent. Besides, HDFC Bank, Adani Ports, ONGC and Asian Paints traded higher.
Meanwhile, Asian share markets inched up as expectations for faster economic growth and inflation globally boosted commodities.
MSCI's broadest index of Asia Pacific shares outside Japan added 0.2 per cent. Japan's Nikkei recouped by 1 per cent and South Korea by 0.4 per cent. (ANI)
Get a daily dose of Mexico 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 Mexico Star.
More InformationMILLINOCKET, Maine -- Local libraries have adapted to offer critical services during the pandemic, from deploying mobile Wi-Fi hotspots to ...
DUBLIN, Ireland: Transport company Bolt hopes to provide 10,000 rental e-scooters to Ireland. Additionally, 130 new jobs would be created ...
Sixers center Joel Embiid pledged to donate $100,000 from Sunday's NBA All-Star Game to help combat homelessness in Philadelphia. Members ...
The U.S. Senate passed a $1.9 trillion coronavirus relief bill Saturday, giving President Joe Biden his first major legislative victory ...
Hyderabad (Telangana) [India], March 6 (ANI): Hyderabad Police on Saturday apprehended ex-Ranji cricketer for cheating businessmen of more than Rs ...
Sixers center Joel Embiid is donating $100,000 in earnings from Sunday's All-Star Game to combat homelessness in Philadelphia. The four-time ...
WASHINGTON D.C.: Compromising with moderates, President Joe Biden and Democrats agreed to tighten the requirements for those eligible to receive ...
ANN ARBOR, Michigan: Some 375 University of Michigan students have been banned from entering school buildings because they have not ...
PARIS, France: The French government will not require residents of the Paris region to be locked down this weekend. However, ...
LARISSA, Greece: Central Greece was struck by a magnitude 6.0 earthquake on Wednesday, which was also felt in nearby Albania ...
WASHINGTON D.C.: In a bid to create a much greater supply of Coronavirus vaccines, the White House has announced that ...
AUSTIN, Texas: Texas Governor Greg Abbott announced that beginning next week face masks will no longer be needed to be ...