Take the pledge to vote

For a better tommorow#AajSawaroApnaKal
  • I agree to receive emails from News18

  • I promise to vote in this year's elections no matter what the odds are.
  • Please check above checkbox.

    SUBMIT

Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence

Disclaimer:

Issued in public interest by HDFC Life. HDFC Life Insurance Company Limited (Formerly HDFC Standard Life Insurance Company Limited) (“HDFC Life”). CIN: L65110MH2000PLC128245, IRDAI Reg. No. 101 . The name/letters "HDFC" in the name/logo of the company belongs to Housing Development Finance Corporation Limited ("HDFC Limited") and is used by HDFC Life under an agreement entered into with HDFC Limited. ARN EU/04/19/13618
LIVE TV DownloadNews18 App
News18 English
News18 » Business
1-min read

Sensex, Nifty Fall for 6th Straight Session; Yes Bank Zooms 31%

Top losers in the Sensex pack include Bharti Airtel, Infosys, Asian Paints, RIL, Coal India, HDFC Bank, HDFC, TCS, ONGC and M&M, falling up to 3.09 percent.

PTI

Updated:February 14, 2019, 4:31 PM IST
facebookTwitterskypewhatsapp
Sensex, Nifty Fall for 6th Straight Session; Yes Bank Zooms 31%
Image for representation only.
Loading...

Mumbai: Continuing its fall for the sixth straight session on Thursday, the benchmark BSE Sensex dropped 158 points led by losses in IT, metal and energy stocks amid sustained foreign fund outflows and mixed global cues.

The 30-share index, after shuttling between 35,799.42 and 36,109.10, finally settled 157.89 points, or 0.44 per cent, down at 35,876.22. It had lost 840 points in the previous five sessions.

The broader NSE Nifty lost 47.60 points, or 0.44 per cent, to end at 10,746.05. Intra-day, it shuttled between 10,718.75 and 10,792.70.

Selling was more pronounced in oil and gas, IT, metal, PSU and state-run oil marketing company stocks that dragged the key indices into the negative territory.

Energy stocks cracked as fresh concerns about rising crude oil prices resurfaced, with Brent crude oil futures zooming 1.26 per cent, to USD 64.41 per barrel, after Saudi Arabia, world's top crude exporter, said it would cut crude exports and its production.

Sustained foreign fund outflow and fresh weakness in the rupee against the dollar too impacted domestic market sentiments, brokers said.

Foreign portfolio investors sold shares worth a net Rs 676.63 crore, while domestic institutional investors bought shares worth a net Rs 713.10 crore on Wednesday, provisional data showed.

Top losers in the Sensex pack include Bharti Airtel, Infosys, Asian Paints, RIL, Coal India, HDFC Bank, HDFC, TCS, ONGC and M&M, falling up to 3.09 per cent.

On the other hand, Yes Bank was the biggest gainer, rallying 30.73 per cent, after the company said that the RBI has not found any divergence in the asset classification and provisioning done by the lender during 2017-18.

Other gainers include, Tata Motors, Sun Pharma, IndusInd Bank, Bajaj Finance, ICICI Bank and Hero MotoCorp, rising up to 3.17 percent.

Mixed leads from most other Asian bourses accelerated the selling pace, but a higher opening of European shares helped trim losses to some extent.

Meanwhile, inflation based on wholesale prices fell to a 10-month low of 2.76 per cent in January over the previous month on softening prices of fuel and some food items, according to government data released on Thursday.

The Wholesale Price Index (WPI)-based inflation stood at 3.8 per cent in December, 2018, and 3.02 percent in January 2018.

Get the best of News18 delivered to your inbox - subscribe to News18 Daybreak. Follow News18.com on Twitter, Instagram, Facebook, TikTok and on YouTube, and stay in the know with what's happening in the world around you – in real time.

Subscribe to Moneycontrol Pro and gain access to curated markets data, trading recommendations, equity analysis, investment ideas, insights from market gurus and much more. Get Moneycontrol PRO for 1 year at price of 3 months. Use code FREEDOM.

Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwitterskypewhatsapp
Most Active
Company Price Change %Gain
LIC Housing Fin 429.35 -7.35
DLF 149.20 -13.05
Yes Bank 61.00 -6.73
Indiabulls Hsg 451.45 -6.64
Maruti Suzuki 6,244.90 0.26
Company Price Change %Gain
LIC Housing Fin 429.40 -7.40
DLF 149.75 -12.73
Yes Bank 60.95 -6.80
Tata Steel 341.25 -0.52
Indiabulls Hsg 451.60 -6.47
Top Gainers
Company Price Change %Gain
Britannia 2,462.55 3.27
Dr Reddys Labs 2,553.20 2.01
TCS 2,220.40 1.56
HUL 1,878.15 1.52
GAIL 124.25 1.43
Company Price Change %Gain
TCS 2,219.65 1.55
HUL 1,877.30 1.48
ITC 243.75 0.89
HCL Tech 1,080.45 0.81
Maruti Suzuki 6,244.05 0.34
Top Losers
Company Price Change %Gain
Yes Bank 61.00 -6.73
Indiabulls Hsg 451.45 -6.64
Coal India 180.75 -4.26
Vedanta 134.90 -3.61
UPL 517.50 -3.43
Company Price Change %Gain
Yes Bank 60.95 -6.80
Coal India 180.95 -4.13
Vedanta 134.90 -3.57
Reliance 1,244.70 -2.05
IndusInd Bank 1,342.05 -1.75

Live TV

Loading...
Countdown To Elections Results
To Assembly Elections 2018 Results