homemarket Newsstocks News

Market extends losses, Nifty below 11,000 level; YES Bank, IndusInd Bank plunge

Market extends losses, Nifty below 11,000 level; YES Bank, IndusInd Bank plunge

Market extends losses, Nifty below 11,000 level; YES Bank, IndusInd Bank plunge
Profile image

By Mousumi Paul  Aug 20, 2019 1:16:07 PM IST (Published)

Indian benchmark indices traded lower in the afternoon session on Tuesday on the back of selling pressure seen in PSU banks, metals and realty stocks. 

Indian benchmark indices traded lower in the afternoon session on Tuesday on the back of selling pressure seen in PSU banks, metals and realty stocks.

Recommended Articles

View All

At 01:00 pm, the S&P BSE Sensex was trading at 37,258.55, lower by 143.94 points or 0.39 percent while the Nifty50 was at 10,997.45, down by 55.95 points or 0.51 percent.
The Nifty Midcap 100 dropped 1.30 percent while the Nifty Smallcap 100 was down 1.06 percent.
Other major sectoral laggards included Nifty PSU Bank, Nifty Metal and Nifty Realty while Nifty IT and Nifty Auto were trading in the green.
Maruti Suzuki, HCL Technologies, Infosys, Hero MotoCorp and Dr Reddy's Laboratories were the top gainers while YES Bank, Indiabulls Housing Finance, Britannia, IndusInd Bank and UltraTech Cement led losses.
Shares of CG Power and Industrial Solutions hit lower circuit after financial irregularities, including understating total liabilities, advances and unauthorized transactions were uncovered in an internal probe conducted by the company's board of directors.
Mahanagar Gas shares rose over 12 percent on Tuesday after British Gas exited the company by selling its remaining 10 percent stake in Mahanagar Gas.
Meanwhile, Asian shares rose on Tuesday as hopes for stimulus in major economies tempered anxiety about a global recession, boosting riskier assets and drawing money from safe-havens such as bonds and gold. MSCI's broadest index of Asia-Pacific shares outside Japan rose 0.53 percent.
Disclaimer: CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!

Top Budget Opinions

    Most Read

    Market Movers

    View All
    Top GainersTop Losers
    CurrencyCommodities
    CompanyPriceChng%Chng