ANI
22 Feb 2021, 10:48 GMT+10
Mumbai (Maharashtra) [India], Feb 22 (ANI): Equity benchmark indices drifted lower during early hours on Monday amid concerns over rising inflation and bond yields.
At 10:15 am, the BSE SP Sensex was down by 417 points or 0.82 per cent at 50,472 while the Nifty 50 edged lower by 99 points or 0.66 per cent to 14,883.
Most sectoral indices at the National Stock Exchange were in the red with Nifty auto down by 0.9 per cent and pharma by 0.8 per cent. But Nifty metal was up by 2.8 per cent.
Among stocks, MahindraMahindra lost by 2.4 per cent to Rs 858.05 per share while Maruti Suzuki skidded by 1.4 per cent. Eicher Motors was down by 1.3 per cent to Rs 2,550.50 per share.
The other major losers were LarsenToubro, HDFC, Axis Bank, IndusInd Bank, HCL Technologies and Tata Consultancy Services.
However, metal stocks gained substantially with Hindalco up by 4.5 per cent, Tata Steel by 3.3 per cent and JSW Steel by 3.2 per cent. Besides, HDFC Bank, Adani Ports, ONGC and Asian Paints traded higher.
Meanwhile, Asian share markets inched up as expectations for faster economic growth and inflation globally boosted commodities.
MSCI's broadest index of Asia Pacific shares outside Japan added 0.2 per cent. Japan's Nikkei recouped by 1 per cent and South Korea by 0.4 per cent. (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 InformationMILAN, Italy: Italian regulators have flagged four non-EU countries—including Russia—as carrying systemic financial risk for domestic...
NEW YORK CITY, New York: With just weeks to spare before a potential government default, U.S. lawmakers passed a sweeping tax and spending...
PARIS, France: Fast-fashion giant Shein has been fined 40 million euros by France's antitrust authority over deceptive discount practices...
PALO ALTO/TEL AVIV: The battle for top AI talent has claimed another high-profile casualty—this time at Safe Superintelligence (SSI),...
FRANKLIN, Tennessee: Hundreds of thousands of Nissan and Infiniti vehicles are being recalled across the United States due to a potential...
REDMOND, Washington: Microsoft is the latest tech giant to announce significant job cuts, as the financial strain of building next-generation...
KABUL, Afghanistan: Afghanistan, long associated with war and instability, is quietly trying to rebrand itself as a destination for...
New Delhi [India], July 6 (ANI): A grand jungle safari project coming up in the Aravalli Hills is going to redefine Haryana's identity....
Thiruvananthapuram (Kerala) [India], July 6 (ANI): British F-35B fighter jet, stuck at Thiruvananthapuram International Airport for...
Shimla (Himachal Pradesh) [India], July 6 (ANI): Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu on Sunday urged the Central...
Dehradun (Uttarakhand)[India], July 6(ANI): Uttarakhand Chief Minister Pushkar Singh Dhami on Sunday conducted an aerial survey of...
Srinagar (Jammu and Kashmir) [India], July 6 (ANI): Union Minister Piyush Goyal enjoyed a 'shikara' ride on Dal Lake during his visit...