Business

Markets Close Marginally Lower Owing To Negative Asian Trends

The equity benchmark indices Sensex and Nifty closed marginally lower on Monday owing to negative Asain trends, dragged down by selling in banking and auto stocks.

The 30-share BSE Sensex sank 36.22 points, or 0.04 percent to 79,960.38. The Nifty marginally dropped 3.30 points, or 0.01 percent to 24,320.55.

Bank of Baroda, Divi’s Labs, Titan, Canara Bank, Jindal Steel & Power, BPCL, Shriram Finance, Interglobe Aviation, Bosch, Samvardhana Motherson, Adani Ports, Cholamandalam Invest, Siemens, Adani Power, JSW Steel, and Vedanta were the top laggards.

Among the gainers were IRFC, RECL, Marico, ONGC, Godrej Consumer, GAIL (India), Bharat Electronics, Dabur India, Power Finance Corp, Bajaj Holdings, ITC, HDFC Life Insurance, SBI Cards,  IRCTC, United Spirits, Hindustan Unilever, and Tata Consumer.

In Asian markets, Thailand, and Taiwan concluded in positive territory, while Tokyo, Hong Kong, Indonesia, Malaysia, Shanghai, South Korea, and Singapore ended in negative territory.

US markets closed higher on Thursday.

European stocks were trading higher.

Brent crude lost 0.89 percent to USD 85.77 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 1,241.33 crore on Friday.

On Friday, the Sensex slipped 53.07, or 0.06 percent to 79,996.60, while the Nifty advanced 21.70 points, or 0.08 percent to 24,323.85.

Also read: 10 Senior Citizens Die In Fire At Uruguay Nursing Home

Spriha Rai

Recent Posts

IPL 2025 To Resume On May 17 After India-Pakistan Ceasefire

The BCCI confirmed the revised schedule on Monday. Seventeen matches will be held across six…

1 hour ago

Virat Kohli’s Retirement: BCCI Hails Legacy Of Excellence In Test Cricket

The BCCI extended its heartfelt congratulations to Virat Kohli following retirement from Test cricket, a…

1 hour ago

Raymond Lifestyle Reports ₹45 Crore Q4 Loss Amid Weak Demand And Cyber Disruption

Raymond Lifestyle posted a consolidated net loss of ₹45 crore for the fourth quarter of…

1 hour ago

AI Upskilling Gains Momentum Among Indian Tech Professionals: Naukri Survey

India now receive some form of Artificial Intelligence (AI) training support from their employers, according…

2 hours ago

PM Modi Says ‘Made In India’ Weapons Proved Power In Operation Sindoor

“The world is witnessing the rise of Indian defence systems in modern warfare,” PM Modi…

2 hours ago

Nuclear Blackmail Won’t Work: PM Modi’s Stern Message To Pakistan

PM Modi addressed the nation on Monday evening, dedicating the success of Operation Sindoor to…

2 hours ago