Business

Stocks markets volatile after opening in red, Nifty hovers below 11,300

ANI | May 13, 2019 10:59 AM
Most sectoral indices were in the red on Monday morning

Mumbai (Maharashtra) [India], May 13 (ANI): Equity benchmark indices turned volatile after opening in the red on Monday, tracking a sharp fall in Asian peers amid growing concerns over the brewing trade war between the United States and China.

Except for IT and FMCG, all sectoral indices were in the negative zone at the National Stock Exchange.

At 10:15 am, the BSE S&P Sensex was up 92 points at 37,555 while the Nifty 50 moved 10 points higher to 11,288.

Eicher Motors dropped over 4 per cent at Rs 19,503 while Indiabulls Housing Finance, Larsen & Toubro and Zee Entertainment were down over 2 per cent. Dr Reddy traded 1.6 per cent lower at Rs 2,829.15.

However, Bharti Infratel gained 2 per cent while Tata Consultancy Services, Tech Mahindra, ONGC and State Bank of India were in the green with tiny margins.

Meanwhile, Asian shares fell as investors debated whether the United States and China will be able to salvage a trade deal after Washington sharply hiked tariffs on 200 billion dollars worth of Chinese goods.

Beijing vowed to retaliate with countermeasures to protect its national interests. The world's two largest economies appeared at a deadlock over trade negotiations on Sunday.

(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