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    Published On : Tue, Dec 22nd, 2020
    Business News | By Nagpur Today Nagpur News

    Equity indices in the red, Reliance slips by 1%

    Equity benchmark indices were in the negative zone during early hours on Tuesday as countries across the globe shut their borders to Britain due to fears about a new strain of coronavirus.

    Fresh lockdowns in the United Kingdom and concerns over the near-term global growth impact dampened investor sentiment.

    At 10:15 am, the BSE S&P Sensex was down by 79 points or 0.17 per cent at 45,475 while the Nifty 50 slipped by 14 points or 0.11 per cent to 13,314.All sectoral indices at the National Stock Exchange were in the red with Nifty PSU bank plunging by 2.9 per cent, metal and auto by 1.3 per cent each, pharma by 1 per cent and FMCG by 0.8 per cent.

    Among stocks, Tata Motors skidded by 3 per cent to Rs 159.55 per share while Hero Motocorp was down by 1.5 per cent to Rs 2,947.40.Energy stocks like ONGC and Indian Oil Corporation along with Bajaj Finance, State Bank of India, Dr Reddy’s, ITC and Adani Ports too were in the negative terrain.

    Index heavyweight Reliance Industries lost by 1 per cent to Rs 1,920.35 per share. However, some IT majors like Tech Mahindra, HCL Technologies, Tata Consultancy Services and Infosys witnessed marginal gains.

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