• Open an account Open an A/C
    • Open an A/C
    • Trading A/c
    • Mutual Fund A/c
    • NBFC A/c
    • NPS A/c

Home > News > Top News

  • Sensex drops below 39,000 as pivotals slide
  • June 17,2019  15:38
  • Domestic stocks dropped sharply on first trading day of the week led by slide in index heavyweights Reliance Industries (RIL), Axis Bank and L&T. The barometer index, the S&P BSE Sensex, lost 491.28 points or 1.25% to 38,960.79, as per the provisional closing data. The Nifty 50 index lost 151.15 points or 1.28% to 11,672.15, as per the provisional closing data. The Sensex dropped settled below the psychological 39,000 mark. Metal stocks slumped. PSU bank stocks fell.

    After opening on a weak note, the benchmark indices continued to drift lower as the day's trading session progressed. Selling pressure accentuated in late trade pulling the key indices to intraday low.

    The market breadth was weak. On BSE, 695 shares advanced and 1868 shares declined. A total of 133 shares were unchanged.

    The BSE Mid-Cap index fell 1.29%. The BSE Small-Cap index declined 1.35%.

    Shares of index heavyweights, Reliance Industries (down 2.69%), Axis Bank (down 2.93%) and L&T (down 1.97%) declined.

    Metal stocks dropped sharply. Tata Steel (down 5.73%), Jindal Steel & Power (down 5.66%), Steel Authority of India (down 4.86%), Vedanta (down 3.07%), Hindalco Industries (down 2.30%), Hindustan Copper (down 1.49%), National Aluminium Company (down 1.32%), NMDC (down 1.22%) and Hindustan Zinc (down 0.93%) edged lower.

    PSU bank stocks fell. Allahabad Bank (down 3.24%), IDBI Bank (down 1.81%), State Bank of India (down 1.70%), Bank of Baroda (down 1.68%), Bank of Maharashtra (down 1.57%), United Bank of India (down 0.89%), Punjab & Sind Bank (down 0.78%) and Central Bank (down 0.44%) declined.

    Overseas, European shares were trading higher on Monday. Asian shares were mixed. Investors were cautious ahead of a closely-watched Federal Reserve meeting, while political tensions in the Middle East and Hong Kong kept risk-appetite in check.

    US stocks ended lower on Friday, 14 June 2019, as investors turned cautious before this week's Fed meeting, while a warning from Broadcom on slowing demand weighed on chipmakers and added to U.S.-China trade worries.

    In economic data, industrial production rose 0.4% in May, a solid and broad-based gain helped by increased production of pickup trucks and cars, the Federal Reserve said Friday. It was the strongest monthly rise in six months.

    Powered by Capital Market - Live News

Economy News
Global News

Follow us:

Disclaimer: Investment in securities and commodities market are subject to market risks, read all the related documents carefully before investing. SMC Global Securities Ltd. (CIN : U67120DL1997PLC188881): NSE INB/ INF/INE 230771431, BSE INB/INF 011343937, MSEI INB/INF 260771432, CDSL/NSDL-IN-DP-130-2015, SMC Research Analyst Registration- INH 100001849 I SMC Comtrade Ltd.: NCDEX/MCX (8200)/ NMCE/ICEX-INZ000035839 I SMC Investments and Advisors Ltd.: PMS INP000003435 I SMC Insurance Brokers Pvt. Ltd., IRDAI Regi: No: DB 272/04, License No. 289 Valid upto 27/01/2020 I Registered Office: 11/6B, Shanti Chamber, Pusa Road, New Delhi-110005, Tel.: (011) 30111000. For any complaints email – igc@smcindiaonline.com, website: www.smctradeonline.com

Insurance is the subject matter of solicitation • All insurance products sold through SMC Insurance Brokers Pvt. Ltd. • Investment Banking Services provided by SMC Capitals Ltd. • Equity PMS and Wealth management services provided by SMC Investments & Advisors Ltd. • IPOs and Mutual Funds distribution services are provided by SMC Global Securities Ltd. • Financing Services provided by Moneywise Financial Services Pvt Ltd. • Commodity broking services provided by SMC Comtrade Ltd. • Real Estate Advisory services are offered through SMC Real Estate Advisors Pvt. Ltd.


Toll-free : 1800-11-0909
Email: contact@smctradeonline.com

Copyright ©2016 SMC. All Rights Reserved | Disclaimer | Privacy Policy | RMS Policy | Copyright| Testimonials| Sitemap| Grievance| design agency: triverse| Powered by C-MOTS Infotech (ISO 9001:2015 certified)
Open An Account

Open my trading account now!  X 

* All fields are compulsory