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MARKETS LIVE: Indices extend losses, Sensex down over 200 pts; metals shine
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SI Reporter |
Last Updated at June 12, 2019 10:44 IST
EVENT HIGHLIGHTS
Markets
Indices were trading in the negative territory on Wednesday ahead of the release of key macro data such as CPI inflation for May and IIP growth print for April.
At 09:18 am, the S&P BSE Sensex was trading over 150 points lower at 39,800 levels with Asian Paints being the biggest gainer and YES Bank the worst laggard.
The broader Nifty50 index of the National Stock Exchange (NSE) was ruling at 11,938 , down 27 points or 0.23 per cent.
Sectorally, all the indices on NSE, except metals were trading in the red with IT pack taking the biggest knock, followed by auto, financial services and realty counters.
In the broader market, the S&P BSE MidCap index lost 21 points or 0.14 per cent to trade at 15,020 while the S&P BSE SmallCap index was trading 20 points or 0.14 per cent down at 14,599.
BUZZING STOCKS
Shares of Reliance Capital dipped 7 per cent to Rs 87.55 on the BSE in the early morning trade on Wednesday after the company’s statutory auditor Price Waterhouse & Co Chartered Accountants LLP (PwC) resigned with effect from June 11, 2019. CLICK TO READ FULL REPORT
Shares of Reliance Capital dipped 7 per cent to Rs 87.55 on the BSE in the early morning trade on Wednesday after the company’s statutory auditor Price Waterhouse & Co Chartered Accountants LLP (PwC) resigned with effect from June 11, 2019. CLICK TO READ FULL REPORT
YES Bank shed over 3 per cent in the early trade after global rating agency Moody’s on Tuesday placed its foreign currency issuer rating of Ba1 under review for downgrade as liquidity pressures on finance companies may negatively impact credit profile of Indian private lender.
Oil & Rupee
Oil prices fell on Wednesday, weighed down by a weaker oil demand outlook and a rise in the US crude inventories. Brent crude futures were down 1.22% at $61.53 a barrel by 6:00 am. The rupee was trading at 69.37 levels in the early morning deals.
(With inputs from Reuters)
(With inputs from Reuters)
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