Business

Equities flat in choppy session, Sun Pharma loses by 3.8 pc

ANI | September 04, 2019 10:22 AM
Traders said the market could be largely driven by global trends

Mumbai (Maharashtra) [India], Sep 4 (ANI): Equity benchmark indices were flat in a choppy trading session during early hours on Wednesday tracking subdued global cues.

At 10:15 am, the BSE S&P Sensex was up by 50 points at 36,613 while the Nifty 50 edged lower by 11 points to 10,809.

At the National Stock Exchange, sectoral indices were mixed. Nifty pharma was down by 1.4 per cent. Auto, financial services, banks, media and realty too were in the red while FMCG, IT and metal witnessed marginal gains.

Traders said that due to lack of major domestic triggers, the market could be largely driven by global trends.

Among stocks, Sun Pharma slipped by 3.8 per cent to Rs 422.30 per share while IndusInd Bank was down by 2.5 per cent. Zee Entertainment, Tata Motors, Titan, Eicher Motors, Maruti and Reliance Industries showed some losses.

However, Bharti Infratel gained by 1.5 per cent while Vedanta was up by 1.4 per cent. State Bank of India, Indian Oil Corporation and Bharti Airtel showed marginal gains.

Meanwhile, Asian stocks bounced led by Chinese markets after a report showed growth in the country's service sector accelerating despite broader economic headwinds.

The Shanghai Composite Index added 0.45 per cent while MSCI's index of Asia-Pacific shares outside Japan gained 0.5 per cent. But sentiment in the wider region remained subdued amid worries about a global recession.

(ANI)

Have something to say? Post your comment
Must Read
Punjab CM asks DCs to prioritise core sectors of education, health, water & power for development
Punjab CM asks DCs to prioritise core sectors of education, health, water & power for development
A theft in the commission agents’ shop in Jaitu, town, residents allege police inaction, claim the frequent thefts are happening
A theft in the commission agents’ shop in Jaitu, town, residents allege police inaction, claim the frequent thefts are happening
Muktsar police hold an awareness seminar against drugs in village Kotli Ablu, 18 cases of having the property of drug peddlers attached forwarded to Delhi
Muktsar police hold an awareness seminar against drugs in village Kotli Ablu, 18 cases of having the property of drug peddlers attached forwarded to Delhi
Babu Singh Panjawa isn’t SC commission member, people shouldn’t be misled: Chairperson Tejinder Kaur
Babu Singh Panjawa isn’t SC commission member, people shouldn’t be misled: Chairperson Tejinder Kaur
Commissionerate Police issue various ban orders
Commissionerate Police issue various ban orders
Punjab Lokpal endorses Advocate Sandhu’s Book ‘Singapore-Indian Legal System-A Comparative Legal Study’
Punjab Lokpal endorses Advocate Sandhu’s Book ‘Singapore-Indian Legal System-A Comparative Legal Study’
From 'Son of Anarchy' to 'Son of Delhi': How AAP Overhauled Brand Kejriwal to Win Delhi for 3rd Time
From 'Son of Anarchy' to 'Son of Delhi': How AAP Overhauled Brand Kejriwal to Win Delhi for 3rd Time
District level approval committee clears two investment proposals worth Rs 4.83 crores for Jalandhar under business first portal
District level approval committee clears two investment proposals worth Rs 4.83 crores for Jalandhar under business first portal
DC dedicates two new Fard Kendras constructed at a cost of Rs 8 lakh to people
DC dedicates two new Fard Kendras constructed at a cost of Rs 8 lakh to people
Punjab CM orders ban on movie 'Shooter' based on life of gangster Sukha Kahlwan
Punjab CM orders ban on movie 'Shooter' based on life of gangster Sukha Kahlwan
Mega block between Mumbai Central and Churchgate till 6.15 am today
Mega block between Mumbai Central and Churchgate till 6.15 am today
Punjab DGP sets up all-women SIT to investigate Mohali gang-rape case
Punjab DGP sets up all-women SIT to investigate Mohali gang-rape case