ANI
20 Sep 2019, 10:48 GMT+10
Mumbai (Maharashtra) [India], Sep 20 (ANI): Equity benchmark indices were largely flat during early hours on Friday as investors awaited the outcome of Goods and Services Tax (GST) Council's crucial meeting on whether or not to cut rates for automobile and tourism sectors.
At 10:15 am, the BSE SP Sensex was up by 63 points at 36,157 while the Nifty 50 was lower by 4 points to 10,701.
At the National Stock Exchange, sectoral indices were mixed with Nifty media down by nearly 5 per cent and realty by over 1 per cent. Nifty IT, metal, pharma and PSU banks were also in the red but auto, financial service and private bank were in the green.
Among stocks, Zee Entertainment dropped by 9.6 per cent to Rs 279.15 per share following reports that its promoter has been restricted from selling its stake in the media company.
Zee's subsidiary Dish TV too lost by 12.4 per cent while Network18 Media and Investments slipped by 2.5 per cent and TV Today Network by 2.1 per cent. Among the other losers were NTPC, Coal India, Power Grid, ONGC and IndianOil Corporation.
However, those which showed some gains were private lenders Yes Bank, HDFC Bank and Kotak Mahindra Bank along with auto majors Hero MotoCorp, MahindraMahindra and Maruti Suzuki.
Meanwhile, Asian share prices inched higher on Friday as economic stimulus around the world eased fears over slowing growth. MSCI's broadest index of Asia Pacific shares outside Japan rose by 0.15 per cent while Japan's Nikkei rose by 0.46 per cent.
Monetary easing by the US Federal Reserve this week and by the European Central Bank last week underpinned investor sentiment. Central banks have been loosening policy to counter the risks of low inflation and recession. Easier monetary policy generally supports equities.
(ANI)Get a daily dose of Tucson Post 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 Tucson Post.
More InformationSANTA CLARA, California: Intel's stock soared nearly 15 percent this week following the announcement that former board member Lip-Bu...
DETROIT, Michigan: Volkswagen's decision to scale back production at its Chattanooga, Tennessee plant has sparked backlash from the...
STOCKHOLM, Sweden: Spotify set a new milestone in 2024, paying out US$10 billion in royalties—the highest annual payout to the music...
NEW DELHI, India: Jaguar Land Rover (JLR) has decided against manufacturing electric vehicles at Tata Motors' upcoming $1 billion factory...
LONDON, U.K.: Virgin Group is seeking to raise $900 million to fund its plan to launch cross-channel rail services, positioning itself...
SEATTLE, Washington: Boeing saw a significant increase in aircraft deliveries in February, reporting 44 planes delivered compared to...
(250317) -- LOS ANGELES, March 17, 2025 (Xinhua) -- Phoenix Suns' Bradley Beal (R) drives against Los Angeles Lakers' Austin Reaves...
(Photo credit: Gary A. Vasquez-Imagn Images) LAS VEGAS -- Josh Berry of Wood Brothers Racing pulled ahead of Daniel Suarez with 14...
(Photo credit: Mark J. Rebilas-Imagn Images) Time is of the essence for the Sacramento Kings, whose tenuous grasp on a spot in the...
(Photo credit: Isaiah J. Downing-Imagn Images) Luka Doncic had 33 points, 11 rebounds and eight assists, Austin Reaves added 28 points,...
(Photo credit: Sam Navarro-Imagn Images) With the start of the baseball season upon us, teams are finalizing their rosters, hoping...
(Photo credit: Darren Yamashita-Imagn Images) Remember Sham? Of course you do. On name alone, you just had to buy a ticket on him...