Equity indices trade flat, auto stocks gain

ANI
16 Sep 2020, 10:48 GMT+10

Mumbai (Maharashtra) [India], September 16 (ANI): Equity benchmark indices traded flat with a positive bias during early hours on Wednesday while Asian stocks rose ahead of the US Federal Reserve's view on the economy.

At 10:15 am, the BSE SP Sensex was up by 60 points or 0.15 per cent at 39,105 while the Nifty 50 gained by 19 points or 0.16 per cent at 11,540.

Except for Nifty IT and PSU bank, all sectoral indices at the National Stock Exchange were in the positive zone with Nifty auto gaining by 2 per cent and realty by 1 per cent.

Among stocks, MahindraMahindra accelerated by 4.7 per cent to Rs 642.40 per share while Bajaj Auto moved up by 3 per cent. Tata Motors gained by 2.5 per cent, Hero MotoCorp by 1.7 per cent, Eicher Motors by 1.6 per cent and Maruti Suzuki by 1.2 per cent.

Prestige Estate Projects gained by 2.8 per cent while Oberoi Realty and DLF witnessed marginal gains.

However, those which lost were HCL Technologies, Wipro, Axis Bank, ICICI Bank, Cipla, JSW Steel and Asian Paints.

Meanwhile, most Asian shares rose along a rally driven by upbeat Chinese and US economic data as investors awaited the Federal Reserve's view on the economy at its policy meeting.

MSCI's broadest index of Asia Pacific shares outside Japan was 0.5 per cent higher but Chinese blue-chips pulled back 0.1 per cent as investors booked profits after three days of gains.

Japan's Nikkei was up by 0.14 per cent as investors awaited parliamentary approval of Yoshihide Suga as the country's next prime minister later today. (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

Thousands gather in Himalayas as Dalai Lama celebrates 90th birthday

DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...

Beijing hits back at EU with medical device import curbs

HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...

"Every Indian is elated with this recognition": PM Modi as 'Maratha Military Landscapes' gets UNESCO tag

New Delhi [India], July 12 (ANI): Prime Minister Narendra Modi on Saturday stated that every India is elated with this recognition...

India highlights growing Indo-Pacific role under SAGAR vision in 2024 MEA report

New Delhi [India], July 12 (ANI): The Ministry of External Affairs (MEA) has underlined India's increasing involvement in the Indo-Pacific...

'Well done to both teams': Jay Shah as Italy, Netherlands qualify for T20 World Cup 2026

New Delhi [India], July 12 (ANI): International Cricket Council (ICC) chairman Jay Shah lauded Italy and the Netherlands after both...

Daily World Briefing, July 12

Chinese FM calls for joint efforts in finding right way for China, U.S. to get along China and the United States should work together...

Business

Section