Business

Equity indices close in the red, Jet plunges over 32 pc

ANI | April 18, 2019 04:39 PM
Stock markets close the week on a negative note

Mumbai (Maharashtra) [India], Apr 18 (ANI): Equity benchmark indices ended the week on a negative note with stocks of grounded Jet Airways plunging as much as 32.23 per cent.

The airline's stock closed at Rs 163.90 on Thursday, a day after the consortium of government-owned lenders refused to infuse critical interim funding in the cash-starved airline.

The S&P BSE Sensex closed 135 points down at 38,140 while the Nifty 50 dipped 34 points at 11,753.

All sectoral indices showed losses with realty down 2.5 per cent and public sector banks down 2 per cent.

Yes Bank, Indiabulls Housing Finance, Hindalco, Zee Entertainment and Vedanta shed over 3 per cent.

But SpiceJet gained 2.7 per cent at 136.25 after fresh announcement of new planes being added in the fleet to expand network and increase seat capacity.

Reliance Industries gained 2.85 per cent after reports suggesting a possible 25 per cent stake sale in its refining arm to Aramco.

Tata Motors, JSW Steel, Wipro and Bharat Petroleum also traded in the green.

The markets will remain closed tomorrow on account of Good Friday.

Meanwhile, shares in Asian markets slipped after losses on the Wall Street but trade was lacklustre.

Investors awaited business surveys in Europe and were trying to gauge how much more stimulus Beijing will use to boost growth without triggering financial risks.

Market participants are also eyeing signs of progress in US-China trade negotiations. (ANI)

Have something to say? Post your comment
Must Read
Webcasting scripts new success story in ensuring free, fair and transparent polls
Webcasting scripts new success story in ensuring free, fair and transparent polls
Sidhu’s out of turn outbursts amount to sabotage: Brahm Mohindra
Sidhu’s out of turn outbursts amount to sabotage: Brahm Mohindra
Senior Congress leader Tajinder Singh Bittu cast his vote
Senior Congress leader Tajinder Singh Bittu cast his vote
Chaudhary Santokh Singh along with his family cast their votes in Phillaur
Chaudhary Santokh Singh along with his family cast their votes in Phillaur
957 booths in Jalandhar to have webcasting today- general observer and DC
957 booths in Jalandhar to have webcasting today- general observer and DC
CPMF, Micro observers and webcasting at all 439 vulnerable polling booths for free, fair and transparent polls
CPMF, Micro observers and webcasting at all 439 vulnerable polling booths for free, fair and transparent polls
592 Polling Parties Dispatched For Polling Booths In The District
592 Polling Parties Dispatched For Polling Booths In The District
First voters from first time voter, PWD and senior citizen category to be awarded certificate by district administration
First voters from first time voter, PWD and senior citizen category to be awarded certificate by district administration
My wife would never lie: Navjot Singh on wife's claim against Amarinder Singh
My wife would never lie: Navjot Singh on wife's claim against Amarinder Singh
DC asks AROs to ensure basic facilities for poll staff during duty at dispatch/receiving centers, polling stations and counting centers
DC asks AROs to ensure basic facilities for poll staff during duty at dispatch/receiving centers, polling stations and counting centers
Modi raising  security threat to divert attention from threat to unity from BJP and RSS: Jakhar
Modi raising security threat to divert attention from threat to unity from BJP and RSS: Jakhar
Capt Amarinder shames ‘Divider in Chief’ Modi for lowering India’s global prestige
Capt Amarinder shames ‘Divider in Chief’ Modi for lowering India’s global prestige