ANI
12 Jun 2019, 17:07 GMT+10
Mumbai (Maharashtra) [India], June 12 (ANI): Equity benchmark indices ended three days of the rally on Wednesday with selling pressure witnessed in banking, auto and realty stocks.
The BSE SP Sensex closed 194 points lower at 39,757 while the Nifty 50 sank 59 points to settle at 11,906.
At the National Stock Exchange, most sectoral indices were in the negative zone. Realty fell by 2.05 per cent, auto by 1.13 per cent and private bank 1.02 per cent.
Shares of Indiabulls Housing Finance fell 7.8 per cent intraday after the company moved the Supreme Court seeking an urgent listing of a plea filed against it. The petition alleged that the company misappropriated Rs 98,000 crore of public money.
Reliance Capital sank 6.8 per cent to Rs 87.5o per share after the company's statutory auditor Price WaterhouseCo Chartered Accountants LLP (PwC) resigned with effect from Tuesday.
Shares of Eros International Media were locked in the lower circuit for the fifth straight day, down 9.89 per cent at Rs 33.25 apiece after Moody's Investors Service downgraded the corporate family ratings to B2 from B1. It also changed the outlook to negative from stable.
Yes Bank shed over 3 per cent after global rating agency Moody's on Tuesday placed its foreign currency issuer rating of Ba1 under review for downgrade.
The other which lost were Bharti Infratel, Tech Mahindra and Hero MotorCorp.
However, Tata Steel gained 2.7 per cent while GAIL was up 1.4 per cent. The other gainers were ONGC, Vedanta and Tata Consultancy Services.
Meanwhile, most Asian markets were in the red with Japan's Nikkei down 0.3 per cent and Shanghai blue chips falling 0.7 per cent.
Hong Kong's Hang Seng lost 1.7 per cent as demonstrators stormed roads next to government offices to protest against a bill that would allow people to be sent to China for trial.
Investors turned cautious after US President Donald Trump said on Tuesday that he was holding up a trade deal with China and had no interest in moving ahead unless Beijing agrees to four or five major points. (ANI)Get a daily dose of Australian Herald 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 Australian Herald.
More InformationWASHINGTON, DC - U.S. President Donald Trump on Tuesday claimed Elon Musk's success has been built on government subsidies. Without...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
BEIJING, China: China's national soccer team may struggle to stir excitement, but its humanoid robots are drawing cheers — and not...
]LONDON, U.K.: A World Health Organization (WHO) expert group investigating the origins of the COVID-19 pandemic released its final...
DOVER, Delaware: California Governor Gavin Newsom has taken legal aim at Fox News, accusing the network of deliberately distorting...
FRANKFURT, Germany: Germany has become the latest country to challenge Chinese AI firm DeepSeek over its data practices, as pressure...
SYDNEY, NSW, Australia - , Australian Federal Police (AFP) have shut down a secret drug lab in Sydney's west and seized more than 100kg...
Millions of people in New South Wales hunkered down last night as an intense bomb cyclone swept in. Falling trees took out power lines,...
New Delhi [India], July 1 (ANI): Former Indian cricketer Ravichandran Ashwin believes England will focus on playing cautiously against...
Birmingham [UK], July 1 (ANI): As Team India gears up for the second Test in Birmingham against England, there would be worries about...
Washington DC [US], July 1 (ANI): Australian Foreign Minister Penny Wong on Tuesday highlighted the Quad's significance, stating that...
Hyderabad (Telangana) [India], July 1 (ANI): NMDC, India's largest iron ore producer, marked a significant milestone with the inauguration...