Equity indices end flat after volatile trade, metal stocks gain

ANI
05 Aug 2020, 16:48 GMT+10

Mumbai (Maharashtra) [India], Aug 5 (ANI): Equity benchmark indices wiped out all intra-day gains to end flat on Wednesday but metal and auto stocks gained substantially.

When the closing bell rang, the BSE SP Sensex was down by 25 points or 0.07 per cent at 37,663 but the Nifty 50 gained by 6 points or 0.06 per cent at 11,102.

Except for Nifty pharma, PSU bank and FMCG, all sectoral indices at the National Stock Exchange were in the positive terrain with Nifty metal moving up by 4.2 per cent and auto by 2.1 per cent.

Among stocks, Hindalco emerged as the top gainer by adding 8.6 per cent at Rs 176.40 per share. Tata Steel was up by 6.6 per cent at Rs 397.05 while JSW Steel ticked up by 3 per cent to Rs 235.15 per share.

Auto majors too advanced with Eicher Motors up by 4.3 per cent, Tata Motors by 3.6 per cent, MahindraMahindra by 2.6 per cent and Maruti Suzuki by 2.5 per cent.

However, those which lost included Reliance Industries, Wipro, HDFC Bank, Nestle India, Tech Mahindra and HCL Technologies.

Meanwhile, Asian markets were mixed as global investors hoped for a fresh stimulus in the United States to shore up the economy in the wake of Covid-19 crisis.

Hong Kong's Hang Seng moved up by 0.62 per cent while South Korea's Kospi gained by 1.493 per cent. But Japan's Nikkei was down by 0.26 per cent. (ANI)

Watch latest videos

News RELEASES

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 Information

null in null

Business

Section

Ex-UK PM Sunak takes advisory role at Goldman Sachs

NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...

Gold ETF inflows hit 5-year high as tariffs drive safe-haven bets

LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...

PwC: Copper shortages may disrupt 32 percent of chip output by 2035

AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...

U.S. stocks recover after Trump-tariffs-induced slump

NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...

Stocks slide as Trump unveils 25% tariffs on Japan, S. Korea

NEW YORK CITY, New York: Financial markets kicked off the week on a cautious note as President Donald Trump rolled out a fresh round...

BRICS issues rebuke on trade and Iran, avoids direct US criticism

RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...

Travel and Tourism

Section