SME Times is powered by   
Search News
Just in:   • Adani Group to invest Rs 57,575 crore in Odisha  • 'Dollar Distancing' finally happening? Time for India to pitch Rupee as credible alternative: SBI Ecowrap  • 49% Indian startups now from tier 2, 3 cities: Jitendra Singh  • 'India ranks 3rd in global startup ecosystem & number of unicorns'  • LinkedIn lays off entire global events marketing team: Report 
Last updated: 17 May, 2024  

BSE.9.Thmb.jpg Sensex down 166 points, M&M gains over 6 pc

   Top Stories
» 49% Indian startups now from tier 2, 3 cities: Jitendra Singh
» 'India ranks 3rd in global startup ecosystem & number of unicorns'
» Tripura exported over 9K tonnes of pineapples in 2 years
» CPI inflation eases to 6.71% in July, IIP falls to 12.3%
» Rupee depreciates 12 paise to close at 79.64 against US dollar
IANS | 17 May, 2024
India equity indices were in red on Friday following muted global cues.

At 9:45 a.m., Sensex was down 166 points or 0.23 per cent, at 73,497 points and Nifty was down 45 points or 0.21 per cent, at 22,353 points.

Midcap and smallcap indices outperform benchmarks. The Nifty midcap index was up 204 points or 0.40 per cent, at 51,357 points and the Nifty smallcap was up 151 points or 0.87 per cent, at 16,747 points.

India Vix was down 0.85 per cent at 20.17 points.

Among the sector indices, Auto, PSU Bank, Metal, Realty, Media, Energy, Infra, and Oil&Gas were major gainers. IT, FMCG, Pharma, Fin services, and Pvt banks were major losers.

In Sensex, 22 out of 30 shares opened in the red and 8 shares in green.

M&M is the top gainer and jumps over 6 per cent. Tata Motors, Tata Steel, Power Grid, and SBI were other major gainers. Axis Bank, Maruti Suzuki, Reliance, Sun Pharma, and HUL were major losers.

As per the market experts, the net institutional buying turning positive while the sharp recovery of nearly 350 points from the lows in Nifty and the large short position in the market have the potential to aid recovery in the market. Going forward, news from the political front is likely to turn more positive.

They said that the FII-heavy stocks which bore the brunt of selling are likely to witness further recovery.

Print the Page
Add to Favorite
Share this on :

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

  Customs Exchange Rates
Currency Import Export
US Dollar
UK Pound
Japanese Yen 58.85 56.85
As on 13 Aug, 2022
  Daily Poll
PM Modi's recent US visit to redefine India-US bilateral relations
 Can't say
  Commented Stories
» GIC Re's revenue from obligatory cession threatened(1)
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter