Business

Sensex, Nifty plunge as small and midcap stocks come under pressure

ANI | July 22, 2019 10:29 AM
Small and midcap stock suffered the most on Monday morning

Mumbai (Maharashtra) [India], July 22 (ANI): Equity benchmark indices extended losses during early hours on Monday tracking weak global cues with small and midcap stocks suffering losses.

At 10:15 am, the BSE S&P Sensex was down 268 points at 38,069 while the Nifty 50 slipped 73 points to 11,346. At the National Stock Exchange, sectoral indices were mixed with Nifty bank, finance service, FMCG and realty in the red.

Among stocks, HDFC dropped 3.3 per cent while Bajaj Finserv slipped 3.02 per cent. HDFC Bank was down 2.8 per cent, Bajaj Finance by 2.5 per cent and Coal India 2.2 per cent.

However, mining major Vedanta gained 4.4 per cent while Yes Bank was up 3.2 per cent. The others which showed gains were Tata Motors, Maruti and Bharti Infratel.

Meanwhile, Asian stocks fell as investors were wary of an aggressive interest rate cut by the US Federal Reserve and heightened tensions in the Middle East after Iran's seizure of a British tanker lifted crude oil prices.

MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.4 per cent while the Nikkei fell 0.3 per cent. The Shanghai Composite Index was down 1.1 per cent, the Hang Seng dropped 0.9 per cent and South Korea's KOSPI shed 0.1 per cent. (ANI)

Have something to say? Post your comment
Must Read
Punjab Cabinet okays revision of river/canal water charges for non-agriculture purposes
Punjab Cabinet okays revision of river/canal water charges for non-agriculture purposes
Water supply and sanitation dept honoures 200 officials and employees for great services during Gurpurab celebrations
Water supply and sanitation dept honoures 200 officials and employees for great services during Gurpurab celebrations
Clean environment and sports are our priority: MP Chaudhary
Clean environment and sports are our priority: MP Chaudhary
 Playing D/N Test in India, a victory for world cricket: Rajeev Shukla
Playing D/N Test in India, a victory for world cricket: Rajeev Shukla
INX Media case: Court allows ED to quiz Chidambram on Nov 22-23
INX Media case: Court allows ED to quiz Chidambram on Nov 22-23
Time line to pay outstanding house tax or property tax extended by three months: Brham Mohindra
Time line to pay outstanding house tax or property tax extended by three months: Brham Mohindra
Centre's Financial Intelligence Unit extends support to Punjab Police to trace Foreign terror funding sources
Centre's Financial Intelligence Unit extends support to Punjab Police to trace Foreign terror funding sources
Bankers’ committee meet exposes Captain government’s claims over farm loan waiver: Kultar Singh Sandhwa
Bankers’ committee meet exposes Captain government’s claims over farm loan waiver: Kultar Singh Sandhwa
SC asks Army to take decision on granting permanent commission to 8 women officers
SC asks Army to take decision on granting permanent commission to 8 women officers
PM Modi condoles demise of UAE President's brother
PM Modi condoles demise of UAE President's brother
International Olympiad on Critical Life Skills on 14th & 15th December 2019
International Olympiad on Critical Life Skills on 14th & 15th December 2019
K'taka: Farmer finds unique, low-cost method to save crops from wild animals
K'taka: Farmer finds unique, low-cost method to save crops from wild animals