Equity indices flat on weak Asian cues; consumer durables, IT stocks fall
Mumbai: The key Indian equity indices traded on a flat-to-negative note on Thursday afternoon tracking weak benchmark Asian markets.
In the Asian markets, the concerns of trade war escalation dampened the investor sentiments, analysts said.
According to analysts, heavy selling pressure was witnessed in the consumer durables, IT and metal stocks.
At 12.37 p.m., the broader Nifty50 of the National Stock Exchange (NSE) traded at 10,762.00 points -- lower by 7.90 points or 0.07 per cent -- from its previous close of 10,769.90 points.
The barometer 30-scrip Sensitive Index (Sensex), which opened at 35,703.17 points, traded at 35,639.79 points (12.37 p.m.) -- down by just 5.61 points or 0.02 per cent -- from its previous session's close of 35,645.40 points.
Sensex has so far touched a high of 35,748.26 points and a low of 35,522.88 points during the intra-day trade. The BSE market breadth was bearish 1,317 declines and 985 advances.
The top gainers on the Sensex were Yes Bank, ITC, Maruti Suzuki, Hero MotoCorp and Mahindra and Mahindra whereas Infosys, Vedanta, Tata Motors, Tata Steel and Tata Motors (DVR) were the major losers.
On the NSE, Yes Bank, Ultratech Cement and ITC were the highest gainers while Infosys, Titan and Vedanta lost the most.
Shares in Fiat Chrysler and Ferrari fell more than 5 percent after CEO Sergio Marchionne fell seriously ill when suffering complications from surgery, prompting a premature change at the helm of both companies.
Automobile industry in India is opting for inorganic route to balance investments to support current growth cycles and prepare for future global disruptions, says a report.
Uttar Pradesh government will be presenting a 'vision document' on the Taj Mahal in Agra before the Supreme Court on Thursday, an official said.
Improved punctuality, cleaner toilets and coaches and better quality food and bedrolls provided in trains are needed to match the increased fare in premier trains, according to a survey carried out by the Comptroller and Auditor General (CAG) of India.
"The 20 million production milestone is a testimony of trust in brand Maruti Suzuki," MSIL Managing Director & CEO Kenichi Ayukawa said.
The station, which was named after Lord Elphinstone, the Governor of Bombay Presidency from 1853 to 1860, has now been renamed in honour of a local deity.
Lavasa -an ultimate getaway, a city that would offer the charms of European locales, with five star comforts in a scenic part of Maharashtra has now become an abandoned town.
A second chargesheet by the ED has confirmed the trail of illegal cash Mallya transferred to his accounts across global tax havens.
Delayed payment by GMR-led DIAL, the Delhi airport operator, to the CISF guards could eventually lead to passengers paying more to fly out of the Indian Capital.
The West Bengal Police has claimed to have busted a Rs 100 crore plus job racket in the Indian Railways following a crucial arrest in the Indian Capital.