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 Manufacturing Mirror 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 Manufacturing Mirror.
More InformationPatna (Bihar) [India], July 13 (ANI): A 50-year-old man was shot dead in the Pipra Police Station area of Bihar's Patna district, police...
Patna (Bihar) [India], July 13 (ANI): Pointing out the murder of a BJP leader in Patna, RJD leader Tejashwi Yadav on Sunday launched...
Vaishali (Bihar) [India], July 13 (ANI): The body of a woman was found in Pirapur of Goraul police station area of Vaishali district,...
Nalanda (Bihar) [India], July 13 (ANI): Bharatiya Janata Party (BJP) state president Dilip Jaiswal exuded confidence that the NDA will...
New Delhi [India], July 13 (ANI): Bharatiya Janata Party (BJP) MP Nishikant Dubey on Sunday slammed Congress leader Rahul Gandhi and...
Mumbai (Maharashtra) [India], July 13 (ANI): It's been a year since Anant Ambani and Radhika Merchant's wedding turned into one of...
(Photo credit: Gregory Fisher-Imagn Images) Matthew Boyd allowed four hits in eight outstanding innings to reach double-digit victories...
The automotive sector, which is already deeply integrated with the EU and the U.S., is already feeling the pain. BRUSSELS, July 12...
(250712) -- CHANGCHUN, July 12, 2025 (Xinhua) -- People visit the booth of Chinese carmaker Hongqi at the 22nd Changchun International...
HT Syndication Chengalpattu (Tamil Nadu) [India], July 12: The Department of Mechanical Engineering at SRM Institute of Science and...
New Delhi [India], July 11 (ANI): Trade negotiations between the United States and China are moving slowly, raising the chances that...
(Photo credit: Brad Penner-Imagn Images) Anthony Volpe scored the tiebreaking run on a bases-loaded sacrifice fly by Aaron Judge...