Wednesday, 23 May, 2018

Sensex trades 85 points lower; Tata Motors, ONGC top losers

The benchmark Sensex down 160.05 points or 0.50% to 31,637.79 in early trade The benchmark Sensex down 160.05 points or 0.50% to 31,637.79 in early trade
Sammy Stanley | 11 August, 2017, 01:19

Key equity indices opened on a weaker note extending losses on Thursday.

Analysts said any fall in domestic equities could be limited. Poor results, geopolitical issues and unwinding in mid cap stocks impacted markets. The sentiments were also negative after the SEBI' order to restrict trading in 331 suspected shell entities listed on exchanges.

Shares of Housing Development and Infrastructure advanced 5.77% to the day's high of Rs 60.5 as recently the stock recovered after the company's board considers to finalise the loan settlement term with Union Bank this week. It was followed by Hindustan Construction Company (1.11 million), Spicejet (0.61 million) and Uttam Value Steels (0.53 million). On BSE, the stock was trading at Rs 395.60 per piece down by Rs 22 or 5.07%. Total expenses during the period remained nearly flat at Rs 3,004.03 crore as compared to Rs 3,004.51 crore in the corresponding quarter of last fiscal. However, consolidated net revenue saw decline of 10% year-on-year to Rs 58,651 crore due to lower wholsale volumes. "Top gainers on the NSE were Auropharma, Tech Mahindra and Lupin, while the losers for morning trade were Tata Motors DVR, Tata Motors and Eicher Motors", Desai added. The rupee was trading at 63.97 against the USA dollar which was 0.20 per cent down from its Tuesday's close of 63.84.

Tractor Trailer Accident Covers Interstate In Little Rock With Frozen Pizzas
He said the agency hadn't decided by late Wednesday how to dispose of the no-longer-edible pizzas. He says "there were some people shaken up" but that no one was hurt.

A Reuters report said, investors fretted about the latest flare-up of tensions between the United States and North Korea, sending Seoul shares skidding to two-month lows even as the previous day's rush into safe-haven assets appeared to slow.

Overseas, Asian stocks ended lower and European shares were down in their early deals.

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