ANI
12 Aug 2020, 16:48 GMT+10
Mumbai (Maharashtra) [India], Aug 12 (ANI): Equity benchmark indices erased early losses but lay flat in the negative terrain at close on Wednesday with pharma stocks remaining under pressure.
The BSE SP Sensex wound up 37 points or 0.1 per cent lower at 38,370 while the Nifty 50 lost by 14 points or 0.12 per cent at 11,308.
Sectoral indices at the National Stock Exchange were mixed with Nifty pharma slipping by 1.6 per cent, metal by 0.6 per cent and private bank by 0.5 per cent. But Nifty PSU bank gained by 2.6 per cent and auto by 2 per cent.
Among stocks, Cipla fell by 2 per cent to Rs 762 per share while Sun Pharma was also down by 2 per cent and Dr Reddy's by 1.5 per cent.
Kotak Mahindra Bank slipped by 2 per cent, Britannia by 1.6 per cent, Wipro by 1.3 per cent and Bajaj Finserv by 1.2 per cent.
However, State Bank of India gained by 4.3 per cent to Rs 203.50 per share and Punjab National Bank by 3.2 per cent to Rs 33.90.
Auto stocks too showed some improvement with Eicher Motors gaining by 2.7 per cent, Tata Motors by 2.2 per cent, Hero MotoCorp by 2.1 per cent and Maruti Suzuki by 1.2 per cent.
Meanwhile, Asian stocks gained marginally amid growing uncertainty over whether the US lawmakers will agree on an additional round of fiscal stimulus to support the economy still struggling with the novel coronavirus.
Japan's Nikkei advanced by 0.41 per cent, Hong Kong's Hang Seng by 1.42 per cent and South Korea's Kospi by 0.57 per cent. (ANI)Get a daily dose of New Orleans Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to New Orleans Sun.
More InformationMILAN, Italy: Prada CEO Andrea Guerra suggested this week that the Italian luxury brand is keeping its options open regarding potential...
OSLO/COPENHAGEN: Tesla is experiencing a sharp drop in sales across Scandinavia and France as shifting consumer sentiment and an aging...
NEW YORK, New York - U.S. stocks fell sharply Thursday as investors and traders struggled with Presient Trump's controversial trade...
TOKYO, Japan: Honda is making a strategic shift in its production plans, moving the next-generation Civic hybrid manufacturing from...
CINCINNATI, Ohio: Kroger CEO Rodney McMullen has resigned following a board investigation that found his personal conduct to be inconsistent...
HANOI, Vietnam: Vietnam is set to fast-track licensing for Elon Musk's Starlink satellite internet service, while also exploring ways...
WASHINGTON, D.C.: The Pentagon told its civilian employees that they must provide a list of five bullet points detailing their accomplishments...
MELBOURNE, Australia: An Australian warship rescued Lithuanian adventurer Aurimas Mockus this week after he became stranded in the...
WASHINGTON, D.C.: The U.S. is sending about 3,000 more soldiers to the U.S.-Mexico border as President Donald Trump pushes to stop...
ANNAPOLIS, Maryland: Maryland's largest managed care organization for Medicaid recipients has had its accreditation suspended, prompting...
SEOUL, South Korea: A U.S. aircraft carrier reached South Korea over the weekend, shortly after North Korea test-fired cruise missiles...
WASHINGTON, D.C.: Firefly Aerospace has achieved a major milestone in private space exploration, successfully landing its Blue Ghost...