Stocks trade lower in narrow range, banking and metal stocks suffer

Tue, 22 Oct 2019

Stocks trade lower in narrow range, banking and metal stocks suffer

ANI
10 Oct 2019, 15:18 GMT+10

Mumbai (Maharashtra) [India], Oct 10 (ANI): Equity benchmark indices moved in a narrow range during early hours on Thursday as investors seemed to be cautious ahead of Q2 corporate earning announcements.

At 10:15 am, the BSE SP Sensex was down by 105 points at 38,073 while the Nifty 50 edged lower by 29 points to 11,285. Except for IT, all sectoral indices at the National Stock Exchange were in the negative zone.

Among stocks, Yes Bank was down by 4.4 per cent at Rs 41.35 per share. State Bank of India, ICICI Bank, HDFC Bank, Axis Bank, Tata Motors, Tata Steel and Hindalco too were in the red by over 2 per cent each.

However, Grasim gained by 4.8 per cent, Bharti Airtel by 3.7 per cent and index heavyweight Reliance Industries by 2.6 per cent. IT majors Infosys, Tata Consultancy Services and Tech Mahindra showed marginal gains.

Meanwhile, Asian indices traded marginally higher as market participants watched for developments on the US-China trade front ahead of high-level negotiations.

Markets in Taiwan were closed on Thursday for a holiday but Japan's Nikkei gained by 0.3 per cent and Shanghai shares rose by 0.35 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 Chicago Chronicle.

More Information

International

Section

U.S. soldiers could remain in Syria, Trump now tweets

WASHINGTON, DC - U.S. President Donald Trump is now considering leaving some American troops, nearly 200, in Syria to guard ...

Bus crash in Democratic Republic of Congo claims many lives

MBANZA-NGUNGU, Democratic Republic of Congo - At least 31 people are dead and many others were injured after a bus ...

White House now looking for new G7 venue as Trump bows out

WASHINGTON, DC - In an abrupt about-face U.S. President Donald Trump announced on Saturday night the upcoming G7 in June ...

EU to decide on half-hearted request by UK to extend Brexit deadline

LONDON, UK - British Prime Minister Boris Johnson on Saturday sent the European Union an unsigned photocopy of a request ...

China-U.S. trade frictions could fracture globe, says Antnio Guterres

WASHINGTON, DC - Tensions relating to global trade and technology continue to rise and the international community needs to "do ...

UK prime minister vows to leave EU by 31 October after losing poll

LONDON, UK - British Prime Minister Boris Johnson is sticking to his guns despite failing to get parliamentary backing to ...

Illinois

Section

Public, Election Officials May Be Kept in the Dark on Hacks

WASHINGTON - If the FBI discovers that foreign hackers have infiltrated the networks of your county election office, you may ...

Marathon win of Brigid Kosgei, Eliud sparks controversy

Washington D.C. [USA], Oct 20 (ANI): After Kenyan athletes Brigid Kosgei won the Chicago marathon in the record timing and ...

Affordable housing among striking Chicago teachers' demands

Affordable housing among striking Chicago teachers' demands Houston Chronicle ...

Nebraska, Illinois will open 2021 football season in Ireland

Nebraska will play Illinois in Dublin, Ireland, to open the 2021 season, the second game in a five-game series of ...

Raiders' tackle Trent Brown inactive against Green Bay

Oakland Raiders' offensive tackle Trent Brown attends a press conference after a practice session at the Grove Hotel in Chandler's ...

North Carolina and Chicago Advance to N.W.S.L. Final

North Carolina and Chicago Advance to N.W.S.L. Final The New York Times ...

Movie Review

Overlord (2018)