ANI
15 May 2019, 18:08 GMT+10
Mumbai (Maharashtra) [India], May 15 (ANI): Equity markets resumed their downward momentum with a huge selloff in the closing hour of trade on Wednesday.
The SP BSE Sensex was down 204 points and closed at 37,115 while the Nifty 50 shed 65 points to wind up at 11,157.
Except for IT and realty, all sectoral indices at the National Stock Exchange were in the negative zone. The Nifty Media was down 3.7 per cent, metal 2.1 per cent, PSU bank 1.8 per cent and auto 1.2 per cent.
Jet Airways slipped to Rs 123.70 per share, down over 4 per cent, after four top executives resigned a day earlier.
On the other hand, SpiceJet gained 7.6 per cent and traded at Rs 131.15 when the closing bell rang. InterGlobe Aviation, the parent company of low-cost carrier IndiGo, was also up 2.9 per cent at Rs 1,608.55.
Shares of Yes Bank nosedived by 8.6 per cent and IndusInd Bank by 4 per cent.
Tata Motors was down 7.5 per cent, Zee Entertainment 6.8 per cent, JSW Steel 5 per cent and IndusInd Bank 4 per cent -- indicating a buildup of heavy short positions.
Among other gainers, however, were Bajaj Finance, Bajaj Finserv, Eicher Motors and Indian Oil Corporation.
Meanwhile, shares in Asia were led by strong gains in Chinese equities which rebounded after two days of losses.
Asian stocks moved up after US President Donald Trump's statement that he expected trade negotiations with China to be successful. Reports also said that Beijing could release more economic stimulus to escalate growth. (ANI)Get a daily dose of International Travel News news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to International Travel News.
More InformationSANTA CLARA, California: Executives at Nvidia have quietly been cashing in on the AI frenzy. According to a report by the Financial...
NEW YORK, New York - Global stock indices closed with divergent performances on Tuesday, as investors weighed corporate earnings, central...
TORONTO, Canada: Canadian Prime Minister Mark Carney announced late on June 29 that trade negotiations with the U.S. have recommenced...
Vancouver, Canada: A high-stakes legal showdown is brewing in the world of athleisure. Lululemon, the Canadian brand known for its...
LONDON, U.K.: British oil giant Shell has denied reports that it is in talks to acquire rival oil company BP. The Wall Street Journal...
NEW YORK, New York - U.S. stock markets closed firmly in positive territory to start the week Monday, with the S&P 500 and Dow Jones...
EVERGLADES, Florida: Over the weekend, a diverse coalition of environmental activists, Native American leaders, and residents gathered...
NEW DELHI, India: India has decided not to allow a United Nations (UN) investigator to join the investigation into the recent Air India...
BANGKOK, Thailand: This week, Thailand implemented land border restrictions, including a ban on tourists traveling to Cambodia, as...
New Delhi [India], July 1 (ANI): Prime Minister Narendra Modi on Tuesday lauded the decision of the Union cabinet to approve the construction...
New Delhi [India], July 1 (ANI): On the occasion of the approval of the new 'Khelo Bharat Niti 2025', Prime Minister Narendra Modi...
Shimla (Himachal Pradesh) [India], July 1 (ANI): Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said that the Government is...