India Post News Paper

Blog

 Breaking News

Equities trade gap down, Adani Ports tumbles

Equities trade gap down, Adani Ports tumbles
June 17
10:32 2021

MUMBAI: Equity benchmark indices traded lower during early hours on Thursday tracking losses across Asian peers, a day after the US Federal Reserve projected at least two interest rate hikes in 2023.

At 10:15 am, the BSE S&P Sensex was down by 125 points or 0.24 per cent at 52,377 while the Nifty 50 slipped by 43 points or 0.27 per cent to 15,724.
Except for Nifty realty, all sectoral indices at the National Stock Exchange were in the negative territory with Nifty metal and financial service down by 0.7 per cent, private bank by 0.6 per cent and auto by 0.3 per cent.

Among stocks, Adani Ports tumbled by 2.1 per cent to Rs 691.70 per share. Axis Bank dipped by 0.9 per cent, ICICI Bank by 0.8 per cent and HDFC Bank by 0.7 per cent. HDFC, Bajaj Finance, Hindalco, Hero MotoCorp and Maruti Suzuki also traded lower with slim margins.

However, Reliance Industries gained by 0.6 per cent to Rs 2,224.60 per share. Nestle India, Asian Paints, Eicher Motors and Tata Steel too traded in the green. Meanwhile, Asian equities fell to a three-week low after the US Fed Reserve stunned investors by signalling it might raise interest rates at a much faster pace than assumed.

MSCI’s broadest index of Asia Pacific shares outside Japan was down about 0.6 per cent to its lowest since late May. Japan’s Nikkei fell 1 per cent and S&P 500 futures were 0.4 per cent lower in Asian trade. (ANI) 

Comments

comments

About Author

India Post Newspaper

India Post Newspaper

Related Articles

E-paper Latest Edition – July 30th, 2021

50 SPIRITUAL APPETIZERS – VINOD DHAWAN

50-ad-Indiapost

It’s a lovely book. It feels energetically clear and light. It’s easy to read, dip in and out and most importantly it offers information without fluff! Blessings on this project.

Jac O’Keeffe
Spirituality teacher based in USA.

*Available on Amazon, Flipkart & other online stores*

ADVERTISEMENT – JOBSORA- FIND A JOB NOW!

Jobsora Jobs

POPULAR CATEGORIES

Download Media Kit

India Post Media Kit