Equity indices dip amid weak global cues, PSU banks and metals drag
Updated:5 years, 5 months ago
Mumbai, Sept 09 (ANI): Equity benchmark indices traded lower during early hours on Wednesday following losses in Asian markets after yesterday's rout in Wall Street. At 10:15 am, the BSE S&P Sensex was down by 259 points or 0.68 per cent at 38,106 while the Nifty 50 was down by 79 points or 0.7 per cent at 11,238. Among stocks, State Bank of India dropped by 3.4 per cent to Rs 197 per share, Axis Bank by 2.3 per cent and ICICI Bank by 2.1 per cent each. AstraZeneca Pharma India's stock crashed by 10.4 per cent to Rs 3,773.35 per unit after its parent company delayed testing of a coronavirus vaccine. The other prominent losers were Hindalco, ONGC, GAIL, Coal India and IndianOil Corporation. However, those which showed some gains were Hero MotoCorp, Wipro, HDFC Life, Titan and Nestle India. Meanwhile, Asian shares fell after a rout of technology shares sank Wall Street for a third consecutive day and major drugmaker AstraZeneca Plc delayed testing of a coronavirus vaccine.
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