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.


Thank you for
taking the pledge

Vote responsibly as each vote counts
and makes a diffrence


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 off Record Highs; Banking Stocks Drag

After trading on a volatile note through the day, the 30-share BSE Sensex settled 79.90 points or 0.19 per cent lower at 41,872.73.


Updated:January 15, 2020, 4:15 PM IST
facebookTwitter Pocket whatsapp
Sensex, Nifty off Record Highs; Banking Stocks Drag
Image for Representation.

Mumbai: Market benchmarks Sensex and Nifty on Wednesday closed in the red, pausing their four-session winning run on emergence of selling mainly in banking stocks.

After trading on a volatile note through the day, the 30-share BSE Sensex settled 79.90 points or 0.19 per cent lower at 41,872.73.

Similarly, the broader Nifty closed 19 points, or 0.15 per cent, down at 12,343.30.

Both indices -- Sensex and Nifty -- had closed at their life-time high levels for the second day in a row on Tuesday.

IndusInd Bank was the top loser in the Sensex pack, dropping 5.44 per cent. Infosys, SBI, PowerGrid, Tech Mahindra, Bharti Airtel and HDFC Bank too fell up to 1.21 per cent.

On the other hand, Hero MotoCorp, Titan, Maruti, Asian Paints, M&M, TCS, Bajaj Auto and Ultratech Cement rose up to 2.58 per cent.

Analysts are of the view that indices retreated from record highs after US officials said the trade truce with China, set to be signed on Wednesday, does not include a deal to roll back tariffs imposed on most Chinese goods.

Vinod Nair, Head of Research, Geojit Financial Services Ltd, said, "After the solid pre-budget rally, market is getting a bit sceptical post higher than expected NPA numbers in the recent Q3 banks results and very high consumer inflation which may stay for another month or two. Market would watch the Q3 results & actual budget, for further direction."

Bourses in Shanghai, Hong Kong, Tokyo and Seoul ended on a negative note, while exchanges in Europe were off to a tepid start.

Domestic investors were also concerned about possible stagflation in India due to low growth and high inflation in wake of recently released government data, traders said.

Brent crude oil futures fell 0.33 per cent to $64.28 per barrel.

The rupee was trading flat at 70.87 per US dollar (intra-day).

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

Read full article
Next Story
Next Story

facebookTwitter Pocket whatsapp
Most Active
Company Price Change %Gain
Bharti Infratel 223.40 2.13
HDFC Bank 1,199.35 -0.03
Maruti Suzuki 6,285.90 0.77
Bajaj Finance 4,763.00 -0.97
ICICI Lombard 1,251.30 1.46
Top Gainers
Company Price Change %Gain
Sun Pharma 388.40 3.68
Titan Company 1,279.05 1.87
Axis Bank 738.30 1.17
Asian Paints 1,844.35 0.97
Maruti Suzuki 6,285.90 0.77
Top Losers
Company Price Change %Gain
ONGC 93.30 -2.61
HCL Tech 570.85 -2.25
M&M 493.40 -2.01
SBI 321.95 -1.92
IndusInd Bank 1,115.60 -1.71

Live TV

Countdown To Elections Results
To Assembly Elections 2018 Results