Equity indices flat ahead of RBI Governor's press meet

ANI
22 May 2020, 10:25 GMT+10

Mumbai (Maharashtra) [India], May 22 (ANI): Equity benchmark indices were flat during early hours on Friday as Reserve Bank of India (RBI) governor Shaktikanta Das prepared to address a press conference.

Reports said he could announce the continuation of liquidity support measures to support the economy in view of COVID-19 lead countrywide lockdown.

At 9:55 am, the BSE SP Sensex was up by 34 points at 30,967 while the Nifty 50 edged higher by 2 points at 9,108.

Sectoral indices at the National Stock Exchange were mixed with Nifty PSU bank up by 1.8 per cent. Nifty metal was down by 1.4 per cent.

Among the gainers were Infosys which moved up by 1.8 per cent to Rs 684.80 per share while State Bank of India ticked up by 1.6 per cent to Rs 154.40 per unit.

Reliance Industries gained 0.54 per cent after global investment firm KKR said it will invest Rs 11,367 crore in Jio platforms. Tech Mahindra, Hero MotoCorp, IndusInd Bank and Asian Paints showed marginal gains.

However, Hindalco, Adani Ports, GAIL, HCL Technologies and Power Grid Corporation were in the negative zone.

Meanwhile, Hong Kong shares tumbled after China moved to impose a new security law on the city after last year's pro-democracy unrest. That raised the prospect of further straining US-China ties.

Hong Kong's Hang Seng index fell by 3.7 per cent to a seven-week low and pulled down MSCI's broadest index of Asia Pacific shares outside Japan by 1.2 per cent.

Japan's Nikkei slipped by 0.25 per cent while South Korea's Kospi fell by 0.7 per cent. (ANI)

Watch latest videos

News RELEASES

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 Information

null in null

Asia

Section

DeepSeek faces app store ban in Germany over data transfer fears

FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...

Thailand-Cambodia tensions rise as border rules tighten

BANGKOK, Thailand: This week, Thailand implemented land border restrictions, including a ban on tourists traveling to Cambodia, as...

President has very good relationship with PM Modi: White House on India's importance in Indo-Pacific

By Reena Bhardwaj Washington DC [US], July 1 (ANI): White House Press Secretary Karoline Leavitt praised India's role as a strategic...

President has very good relationship with PM Modi: White House on India's importance in Asia-Pacific

By Reena Bhardwaj Washington DC [US], July 1 (ANI): White House Press Secretary Karoline Leavitt praised India's role as a strategic...

"Just wanted to play well, didn't expect the final": India's Tanvi Sharma reflects on US Open journey

By Shaurya Dutt Iowa [US], July 1 (ANI): Indian shuttler Tanvi Sharma said she 'didn't expect to play in the finals' after finishing...

"India to work with ASEAN nations to develop cruise tourism hub of global south": Sarbananda Sonowal

Chennai (Tamil Nadu) [India], June 30(ANI): The Union Minister of Ports, Shipping & Waterways (MoPSW), Sarbananda Sonowal inaugurated...

Business

Section