ADD ANI AS A TRUSTED SOURCE
googleads
ANI Logo
Menu
Business

Sensex closes 162 points lower at 38,701 as traders book profits

Mumbai (Maharashtra) [India], Apr 8 (ANI): Equity benchmark indices closed in the negative zone on Monday as heavyweight scrips like Reliance Industries, State Bank of India and ITC came under selling pressure.

ANI Apr 08, 2019 16:43 IST googleads

Markets continued to slide as the day progressed

Mumbai (Maharashtra) [India], Apr 8 (ANI): Equity benchmark indices closed in the negative zone on Monday as heavyweight scrips like Reliance Industries, State Bank of India and ITC came under selling pressure.
While corporates prepared to announce annual results this week, the BSE S&P Sensex closed 162 points down at 38,701. The NSE Nifty 50 slipped 61 points to 11,605.
The markets started on a moderate note following cues from upbeat global markets but continued to slide as the day progressed.
Except IT, all sectoral indices closed in the red. Investors are likely to adopt a cautious approach with general elections due to be held in seven phases beginning on April 11.
Among the prominent losers were Indiabulls Housing Finance and Indian Oil which lost over 4 per cent besides Bajaj Finance, Vedanta and Yes Bank which closed 2 to 3 per cent lower.
Tech Mahindra, Infosys, Tata Consultancy Services, Mahindra & Mahindra and Power Grid showed marginal gains.
Meanwhile, Asian shares inched up to seven-month highs following hints of more fiscal stimulus in China.
In a document published on the central government’s website late on Sunday, Beijing said it will step up a policy of targeted cuts to banks’ required reserve ratios to encourage financing for small and medium-sized businesses.
(ANI)

Get the App

What to Read Next

Business

India market "relatively resilient" compared to its Asian peers

India market

The deepening conflict in West Asia has placed the Indian economy and the broader Asian region in the "eye of the storm," as supply chain disruptions and surging energy costs threaten to trigger a significant negative growth shock.

Read More
Business

Indian envoy in Shanghai meets Ant Group top official

Indian envoy in Shanghai meets Ant Group top official

Consulate General of India in Shanghai Pratik Mathur on Thursday met Carrie Suen, Vice President and Head of Global Affairs and Strategic Development of Ant Group.

Read More
Business

Bajaj General Insurance Releases Guide to Lowering Car Insurance

Bajaj General Insurance Releases Guide to Lowering Car Insurance

Pune (Maharashtra) [India], March 12: Car insurance renewal is often seen as a routine administrative task, but it is much more than that. It presents an excellent opportunity to review your existing policy, assess whether your coverage still matches your needs, and take steps to optimise your premium. By understanding the key factors that influence car insurance costs, such as vehicle value, driving history, add-ons, and usage patterns, you can make informed adjustments that reduce expenses without compromising protection. Thoughtful planning and small, strategic choices at renewal can help you save money, maintain comprehensive coverage, and enjoy greater peace of mind on the road.

Read More
Business

West Asia conflict continues to weigh down India's stock indices

West Asia conflict continues to weigh down India's stock indices

Indian stock markets settled in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.

Read More
Business

Nifty down 250 pts, Sensex lost 800 pts in opening as crude surge

Nifty down 250 pts, Sensex lost 800 pts in opening as crude surge

Indian stock markets opened in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.

Read More
Business

Middle East war disrupting energy supplies, affecting multiple se

Middle East war disrupting energy supplies, affecting multiple se

The ongoing war in West Asia is disrupting global energy supply chains and creating challenges for several sectors in India, including industries dependent on gas and port-based trade, Ranjeet Mehta, CEO and Secretary General of the PHD Chamber of Commerce and Industry (PHDCCI), told ANI today.

Read More
Business

Asian Hospital Organises Women’s Day Cyclothon; 365 Participants

Asian Hospital Organises Women’s Day Cyclothon; 365 Participants

Faridabad (Haryana) [India], March 11: On the occasion of International Women's Day, the Asian Institute of Medical Sciences, Faridabad organised a grand cyclothon to promote health awareness. Around 365 participants from Delhi-NCR enthusiastically joined the cycling event. Two events -- 21 km and 10 km cycling races were organised, and participants ranging from children to senior citizens actively took part in them.

Read More
Business

Markets open marginally higher as crude eases, Nifty above 24,290

Markets open marginally higher as crude eases, Nifty above 24,290

The domestic stock markets opened with modest gains on Wednesday as easing crude oil prices supported investor sentiment, even as geopolitical tensions in the Middle East continued to remain in focus.

Read More
Business

India’s rise, global outlook set it apart from China: USIBC

India’s rise, global outlook set it apart from China: USIBC

India is not China as the two countries differ significantly in their global outlook, development model and approach to international partnerships, Amb (ret) Atul Keshap, President of the US-India Business Council (USIBC), told ANI today. Keshap, who is also Senior Vice President for South Asia at the US Chamber of Commerce, said India's rise in global affairs would benefit both the United States and the broader international community.

Read More
Business

Asian Paints Unveils ColourNext 2026: Mapping Culture, Material

Asian Paints Unveils ColourNext 2026: Mapping Culture, Material

Mumbai (Maharashtra) [India], March 10: Asian Paints today unveiled ColourNext 2026, its annual forecast that decodes the cultural, material, and emotional shifts shaping the future of design. Now in its 23rd year, ColourNext continues to be South Asia's most authoritative intelligence on colour, materials, textures, and finishes offering insights that are globally relevant yet deeply rooted in cultural context.

Read More
Home About Us Our Products Advertise Contact Us Terms & Condition Privacy Policy

Copyright © aninews.in | All Rights Reserved.