Equity indices gloomy amid weak global cues

Updated:1 month, 2 weeks ago

Mumbai, Sept 11 (ANI): Equity benchmark indices were downbeat during early hours on Friday on the back of weak global cues amid ongoing coronavirus spread and simmering India-China border tensions. At 10:15 am, the BSE S&P Sensex was down by 29 points or 0.08 per cent at 38,811 while the Nifty 50 lost by 1 point or 0.01 per cent at 11,448. Among stocks, Adani Ports lowered by 1.9 per cent to Rs 335 per share while private lenders. Among others which lost were HCL Technologies, Eicher Motors, IndianOil Corporation, Bajaj Finance and Power Grid Corporation. On the other hand, Bharti Infratel, Britannia, Titan, Maruti Suzuki and Hero MotoCorp witnessed marginal gains. Meanwhile, Asian shares struggled to stem a bearish mood after US big tech firm shares fell again overnight on growing doubts about US stimulus. Investors also remained concerned over their stretched valuations. MSCI's broadest index of Asia Pacific shares outside Japan dipped by 0.2 per cent but Japan's Nikkei rose by 0.3 per cent.

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