Skip to main content

Sensex drops over 185 points in early trade; Infosys, TCS, Reliance track losses

Mumbai: Equity benchmark Sensex dropped over 185 points in early trade on Monday, tracking losses in index-heavyweights HDFC twins, Infosys, TCS and Reliance amid a weak trend in the Asian markets.

The 30-share BSE index was trading 189.52 points or 0.37 percent lower at 51,233.36 in initial deals, and the broader NSE Nifty fell 43.20 points or 0.28 percent to 15,392.45.

M&M was the top loser in the Sensex pack, shedding more than 5 percent, followed by Infosys, HDFC, IndusInd Bank, Tech Mahindra, L&T, NTPC and HCL Tech.

On the other hand, ITC, Asian Paints, Bharti Airtel and ICICI Bank were among the gainers.

In the previous session, Sensex ended 307.66 points or 0.60 percent higher at 51,422.88, and Nifty rose 97.80 points or 0.64 percent to 15,435.65.

"There are two conflicting pieces of news for the market now. The steadily declining COVID fresh cases continue to be positive. Progressive unlocking has started in many states paving the way for a pick up in economic activity.

"But the negative news is rising fresh cases in countries like China & Vietnam. This might impact sentiments for Asian markets in general," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Usually, when markets touch new highs, some consolidation with minor corrections happen even in bull markets. This can happen since Nifty touched new highs last Friday, Vijayakumar said.

Auto numbers of May will be very dismal and some market reaction can be expected in this segment. Banking appears to be on a strong wicket in the light of new reliefs announced for the MSME segment, he noted.

Foreign institutional investors (FIIs) were net buyers in the capital market as they bought shares worth 913.59 crore on Friday, as per provisional exchange data.

Equities on Wall Street closed higher in the overnight session.

Elsewhere in Asia, bourses in Shanghai, Hong Kong, Seoul and Tokyo were trading in negative territory in mid-session deals.

International oil benchmark Brent crude was trading 0.41 percent higher at $69 per barrel.



from Firstpost India Latest News https://ift.tt/3p4JIac
Labels:

Comments

Post a Comment

Popular posts from this blog

COVID-19 vaccination: Registration for citizens above 18 years of age starts today on CoWin, Aarogya Setu portals

The registration for COVID-19 vaccination for people above the age of 18 years in India started from today ( Wednesday, 28 April ). Those who are eligible for vaccination can register themselves on two applications, namely CoWin and Aarogya Setu, to book their slots for taking the vaccine jab. For those above the age of 18, coronavirus vaccination will start from 1 May. People above the age of 18 can take the following steps to register for the vaccination: Step 1 : Open the play store to download the CoWin app or visit CoWin.gov.in Step 2 : Register on the portal using your mobile number. You will receive an OTP. Enter it to complete the registration Step 3 : You will have to enter your personal details including the number of your photo identification Step 4 : After the registration, select the date, time, and venue for your COVID-19 vaccination Step 5 : Visit the vaccination centre with your appointment slip and receive your first jab Once a person receives the first jab, th...
Post a Comment
Read more

7 leopard cubs die at Bengaluru biological park after virus attack: Report

Seven leopard cubs have died at Bannerghatta Biological Park in Bengaluru after being infected by a highly contagious virus, officials said on Tuesday. Feline panleukopenia (FP) is a viral disease of cats caused by the feline parvovirus. Kittens are most severely affected by the virus, they said. The seven cubs were aged between three and eight months. All of them were vaccinated but succumbed during the course of treatment. According to officials, the first outbreak was reported on August 22. Executive Director of Bannerghatta Biological Park, AV Surya Sen said though the seven cubs were vaccinated, they were still infected. “It is now under control and in the last 15 days, no deaths have been reported. We have completely broken the chain and taken all necessary measures. We followed all the required procedure and also held discussions with all our senior veterinarians. All correct course of action was taken. Also, we have ensured hygiene of the entire zoo and the rescue centre wa...
Post a Comment
Read more

Power supply, healthcare facilities remain concern for Asia’s oldest monastery

Uninterrupted power supply and access to medical care remain important worries for Asia’s oldest monastery in Arunachal Pradesh’s Tawang. The waste left behind by the monastery’s expanding number of tourists has also become a source of concern for Abbot Shedling Tulku Thupten Tendar Rinpoche, the monastery’s chief. The Rinpoche, who has been the head of the Tawang Monastery for a year, is pleased with the monks and learners under him, but he is concerned about other facilities accessible to them. Tawang Monastery is Asia’s second largest and oldest. It was established between 1680 and 1681. Speaking to PTI in his native Tibetan through an interpreter, Rinpoche said, “The monks of our monastery are much disciplined and concentrate on their studies. They have been following the laid-down traditions well enough. “For us, one major issue is healthcare facilities. In case of any health-related emergency, our monks have to travel to Guwahati or Tezpur. If the government can ensure simil...
Post a Comment
Read more