SME Times is powered by   
Search News
Just in:   • Mahindra unveils all-new Thar SUV  • 'Need for fiscal stimulus for exports sector'  • ICICI Bank raises Rs 15k cr through QIP of equity shares  • Thai Airways reports $900mn loss for 2020 1st half  • Arunachal CM launches entrepreneurship plan to boost economy 
Last updated: 14 Jul, 2020  

BSE.9.thmb.jpg Sensex loses 660 points, banking, finance stocks down

Bse.9..jpg
   Top Stories
» 'Need for fiscal stimulus for exports sector'
» Rupee to remain steady on stimulus hopes
» Responsibilities have grown with faceless approach: FM
» Rs 100L Cr to be spent on 7K infra projects: Modi
» Exports contraction narrowed to (-)10.12 pc in July
SME Times News Bureau | 14 Jul, 2020
Amid a global sell-off, Indian stock market too witnessed a slump on Tuesday, with the BSE Sensex losing 660 points.

The Nifty50 on the National Stock Exchange also fell nearly 200 points to end just above the 10,600 mark.

Heavy selling pressure was witnessed in banking, finance and auto stocks. The S&P BSE Banking index lost 3.06 per cent, the Finance index was down 2.56 per cent, and the Auto index closed 2.43 per cent lower.

Both Asian and European markets traded on a negative note on Tuesday.

On the technical front, Deepak Jasani, Head of Retail Research at HDFC Securities, said: "With the Nifty breaking down from the recent trading range, the short-term trend has now turned downwards. Further downsides are likely once the immediate support of 10,562 is broken. Any pullback rallies could find resistance at 10,666."

On Tuesday, the Nifty50 closed at 10,607.35, lower by 195.35 points or 1.81 per cent from its previous close of 10,802.70 points.

Sensex closed at 36,033.06, lower by 660.63 points or 1.80 per cent from its previous close of 36,693.69.

It had opened at 36,517.28 and touched an intra-day high of 36,538.10 and a low of 35,877.42 points

The only gainers on the Sensex on Tuesday were Titan Company and Bharti Airtel, which rose by 0.78 per cent and 0.40 per cent respectively.

The major losers on the Sensex were IndusInd Bank (down 5.33 per cent), Axis Bank (down 5.08 per cent), and Maruti Suzuki India (down 3.69 per cent).
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 16 Aug, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» Starting an import export business: Basic guide for beginners(2)
» Importance of technology in Indian agriculture(1)
» One time loan restructuring(1)
» Improve MSME footprint in aspirational districts: Gadkari(1)
» Govt, RBI discussing on allowing co-op banks to lend under ECLGS(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter