ANI
12 Sep 2019, 21:18 GMT+10
Mumbai (Maharashtra) [India], Sept 12 (ANI): Equity benchmark indices reversed morning gains to end lower on Thursday ahead of the macroeconomic data as well as a key meeting of the European Central Bank that could begin another wave of monetary easing by global central banks.
The BSE SP Sensex closed 167 points or 0.45 per cent lower at 37,104 while the Nifty 50 slipped by 55 points to 10,981. Most sectoral indices at the National Stock Exchange (NSE) were in the red.
Nifty auto skidded by 1.8 per cent after the country's largest carmaker Maruti Suzuki India contradicted Finance Minister Nirmala Sitharaman, saying that millennials opting for cab-hailing apps Ola and Uber may not be a big factor for the current slowdown in car sales.
Similarly, Nifty FMCG, IT, media, metal, and realty too closed with a negative bias.
Among stocks, Yes Bank was a top loser and wiped out Wednesday's gains by 4.68 per cent to close at Rs 68.25 per share. Axis Bank also lost by 2.8 per cent.
Auto stocks were hit across the board with Tata Motors losing by 3.8 per cent, Maruti by 3 per cent and Eicher Motors by 2.3 per cent. Among the other prominent losers were JSW Steel, Zee Entertainment, GAIL, Bharti Airtel and UPL.
However, Indiabulls Housing Finance, ICICI Bank, Hindalco, and Sun Pharma showed marginal gains.
Meanwhile, Asian stocks hit a six-week high with somewhat easing of US-China trade frictions and expectations that the European Central Bank will begin another wave of monetary easing by global central banks.
MSCI's broadest index of Asia Pacific shares outside Japan was up by 0.4 per cent while Japan's Nikkei stock index rose by 0.75 per cent and South Korea's KOSPI by 0.84 per cent.
Chinese stocks rose after US President Donald Trump agreed to delay an additional increase in tariffs on Chinese goods by two weeks at the request of China's Vice Premier Liu He as a gesture of goodwill. (ANI)
Get a daily dose of Asia Pacific 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 Asia Pacific Star.
More InformationEthiopia has long been considered one of Africa's economic wunderkinds. Until recently, it had relative political stability in comparison to ...
On Jan. 5, PBS Kids announced it was going to stop airing Caillou, a children's show whose run on TV ...
By Ajit K DubeyNew Delhi [India], January 20 (ANI): Amid tensions on the border with China, the Indian Air Force ...
New Delhi [India], January 20 (ANI/PRNewswire): HarperCollins Publishers India is thrilled to announce a new and definitive biography of Kamala ...
Vice President-elect Kamala Harris is making history as the first African American woman and first South Asian American woman to ...
New Delhi [India], January 20 (ANI): Ahead of the inauguration ceremony of Vice President-elect Kamala Harris, her maternal uncle Gopalan ...
SYDNEY, NSW, Australia - Stock markets in Asia generally advanced on Wednesday, confident the incoming Biden administration will take positive ...
U.S. stocks rose on Tuesday, the last day of Donald Trump's presidency.It was a fitting farewell as numerous records were ...
DUBLIN, Ireland - Five additional Irish ports for UK registered Northern Ireland vessel landings have been designated for both IUU ...
SYDNEY, NSW, Australia - Stocks in Asia were hot on Tuesday, although mainland China was running against the trend.In Hong ...
SYDNEY, NSW, Australia - The Australian metropolitan commercial radio audience grew by 2% to nearly 11.1 million listeners in 2020, ...
NEW YORK, New York - According to futures trading, U.S. stocks are likely to sink further when they re-open on ...