Missing stimulus: Equity indices largely flat

Fri, 13 September 2019

10:38

Equity benchmark indices dithered during early hours on Friday in the absence of a fresh stimulus package to reverse the slowdown in economic growth despite global liquidity seeing strength in stocks.At 10:15 am, the BSE S&P Sensex was down by 73 points at 37,031 while the Nifty 50 edged lower by 28 points to 10,954.

At the National Stock Exchange, sectoral indices were mixed with Nifty auto, FMCG, IT and media showing marginal gains. But Nifty PSU bank slipped by over 2 per cent while pharma, realty and financial services too were in the negative zone.

Among stocks, Yes Bank dropped by 4.5 per cent to Rs 64.56 per share while State Bank of India slipped by 1.4 per cent and HDFC Bank by 0.8 per cent lower.

The other prominent losers were Indiabulls Housing Finance, Bharti Airtel, Bharat Petroleum, UPL, Britannia and GAIL.However, Infosys, Tata Consultancy Services, HCL Technologies, Maruti, Titan, ITC and Hindustan Lever showed marginal gains. -- ANI

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