Equity parameters close with marginal gains, IT stocks under pressure

ANI
09 Dec 2019, 16:33 GMT+10

Mumbai (Maharashtra) [India], Dec 9 (ANI): Equity benchmark indices ended on Monday with marginal gains after a volatile session on Friday while heavy buying was witnessed in metal, auto, energy and infra stocks.

The BSE SP Sensex closed 42 points higher at 40,487 while the Nifty 50 was up by 15 points at 11,937.

Sectoral indices at the National Stock Exchange (NSE) were mixed with Nifty auto gaining by 0.8 per cent and metal by 0.5 per cent. But Nifty realty slipped by 1.57 per cent, IT by 0.93 per cent, and media by 0.79 per cent.

Among stocks, auto majors Maruti and MahindraMahindra added gains of 1.7 per cent and 0.8 per cent respectively while JSW Steel was up by 1.7 per cent.

The other prominent gainers were Bharat Petroleum Corporation, IndianOil Corporation, Axis Bank, Adani Ports, HDFC. Reliance Industries and Power Grid Corporation of India.

However, IT major suffered losses. Tata Consultancy Services was down by nearly 3 per cent, HCL Technologies by 1.6 per cent and Tech Mahindra by 0.8 per cent. Cipla, LarsenToubro, IndusInd Bank, Kotak Mahindra Bank, State Bank of India and ITC also closed in the red.

Meanwhile, Asian stocks edged up, catching some of Wall Street's momentum after surprisingly strong US jobs data.

Japan's benchmark Nikkei and South Korea's Kospi added gains of 0.33 per cent each while China's Shanghai Composite stood virtually flat at 0.08 per cent.

Wall Street rose to near-record highs on Friday on the strong jobs data and some signs of optimism about the US-China trade talks.

(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 India Gazette.

More Information

null in null

Business

Section

Piaggio hits record profit margins in 2024 despite economic challenges

Vespa maker Piaggio posts record margin despite 'anomalous' economy

PONTEDERA, Italy: Italy's Piaggio, the maker of the iconic Vespa scooter, reported record-high core profit margins for 2024 despite...

Wall Street climbs wall of worry over trade tariffs

U.S. stocks bounce back after faulty start Friday

NEW YORK, New York - U.S. stocks fell sharply at the open and stayed in the red for much of the day Friday, however as the day wore...

Euro jumps to highest level since 2009 as U.S. dollar sinks

U.S. dollar slide continues, euro hits 16-year high

NEW YORK, New York - The U.S. dollar continued to come under pressure Friday with President Donald Trump's flip flops on trade tariffs,...

Nordstrom beats holiday sales forecasts, CFO departs for Starbucks

Nordstrom beats holiday-quarter sales estimates; CFO joins Starbucks

SEATTLE, Washington: Nordstrom delivered stronger-than-expected holiday-quarter sales and announced a leadership shakeup, with Chief...

Prada keeps acquisition options open, CEO Andrea Guerra says

Prada CEO hints at acquisitions amid Versace, Jimmy Choo rumors

MILAN, Italy: Prada CEO Andrea Guerra suggested this week that the Italian luxury brand is keeping its options open regarding potential...

Tesla sales plunge in Scandinavia and France amid EV market shift

OSLO/COPENHAGEN: Tesla is experiencing a sharp drop in sales across Scandinavia and France as shifting consumer sentiment and an aging...

Delhi

Section