Equities trade volatile, Jet stocks slide further by 10 pc

ANI
18 Jun 2019, 15:03 GMT+10

Mumbai (Maharashtra) [India], June 18 (ANI): Equity benchmark indices opened with a positive bias on Tuesday but see-sawed during early hours in the absence of fresh catalysts.

At 10:15 am, the BSE SP Sensex was up 148 points at 39,109 while the Nifty 50 climbed up 39 points to 11,711.

Most sectoral indices at the National Stock Exchange were in the green but Nifty FMCG, metal and PSU bank showed thin losses.

Among stocks, Jet Airways nosedived another 10 per cent to Rs 61.50 per share, a day after lenders led by State Bank of India decided to seek resolution for the grounded airline under the Insolvency and Bankruptcy Code (IBC).

IndusInd Bank was up 1.7 per cent, Power Grid 1.6 per cent, Vedanta 1.4 per cent and Cipla 1.3 per cent. Infosys, HDFC, Hero MotorCorp, ICICI Bank and LarsenToubro also showed some gains.

However, Indiabulls Housing Finance, Asian Paints, Hindustan Lever and State Bank of India traded in the negative territory.

Meanwhile, Asian stocks saw muted gains as markets entered a holding pattern ahead of this week's key Federal Reserve decision.

Shares ticked higher in Japan, South Korea and Australia. Hong Kong and Shanghai equity gauges were also in the green.

(ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Brazil Sun.

More Information

South America

Section

Frenchman to ref Boks v All Blacks at World Cup

Cape Town - The Springboks' pool matches at the Rugby World Cup will be handled exclusively by French and English ...

US Says It has Clear Evidence Navy Ship Downed Iranian Drone

WHITE HOUSE - A U.S. official says "we have very clear evidence" the USS Boxer shot down an Iranian drone ...

Fraud! Over 700 tickets for All Blacks-Springboks Test cancelled

Cape Town - Hundreds of fans could be turned away at next weekend's Rugby Championship Test between the All Blacks ...

SA has its work cut out to save mining - IRR

Project manager at the Institute of Race Relations Terence Corrigan has warned in a report from the think tank that ...

Pumas hope Jaguares bite will feed first win over All Blacks

Buenos Aires - Argentina are looking to maintain the momentum from the Jaguares' remarkable Super Rugby season as they bid ...

SA men's water polo side beaten, but not eliminated

Cape Town - TheThe defeat was however good enough to see SA finish third in Group C, ahead of New ...

Business

Section