ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • Survey
  • videos
  • photos
  • ZNAA'22
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Whopping 1 lakh jobs on the cards in aviation and aeronautical manufacturing sector by 2024, says Minister
  • Money Guru: 10 funds for financial independence, this 15th August - details
  • India's forex reserves jump 60x since 1990s, surge 335 times since Independence | Check this data
  • India@100: Anil Singhvi predicts Nifty will reach 1,75,000 in next 25 years - Here's why
Read in App
Business News » India News

Closing Bell: Markets end marginally lower; IT stocks drag

During the day, the index touched an intra-day high of 39,172.76 and a low of 38,920.17. In similar movement, the broader NSE Nifty slipped 12.50 points, or 0.11 per cent, to close at 11,712.25. In the Sensex pack, losers included TCS, HUL, Tata Steel, HCL Tech, Infosys, Bajaj Finance, HDFC, IndusInd Bank, Asian Paints, ITC and Vedanta, shedding up to 3.70 per cent.  

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Closing Bell: Markets end marginally lower; IT stocks drag
Sensex and Nifty ended marginally lower Friday following a sudden sell-off at the fag end of the session amid weakness in IT bluechips, Photo: Reuters

Equity benchmarks Sensex and Nifty ended marginally lower Friday following a sudden sell-off at the fag end of the session amid weakness in IT bluechips. After trading on a positive note through the day, the BSE Sensex ended 18.17 points, or 0.05 per cent, lower at 38,963.26. During the day, the index touched an intra-day high of 39,172.76 and a low of 38,920.17. In similar movement, the broader NSE Nifty slipped 12.50 points, or 0.11 per cent, to close at 11,712.25. In the Sensex pack, losers included TCS, HUL, Tata Steel, HCL Tech, Infosys, Bajaj Finance, HDFC, IndusInd Bank, Asian Paints, ITC and Vedanta, shedding up to 3.70 per cent.

IT stocks came under pressure after tech giant Cognizant slashed its full-year revenue growth outlook. A strengthening rupee also weighed on the counters. The US-headquartered Cognizant, which has a significant portion of its employees based in India, revised its full-year 2019 revenue growth outlook to 3.6-5.1 per cent in constant currency terms, significantly less than 7-9 per cent projected just months ago. HUL too ended in the red ahead of its quarterly results. On the other hand, Bharti Airtel, ICICI Bank, NTPC, Yes Bank, Tata Motors, ONGC, Bajaj Auto, M&M, Maruti, Hero MotoCorp and Kotak Bank rose up to 3.11 per cent.

Meanwhile, foreign institutional investors (FIIs) bought equity worth Rs 597.54 crore on Thursday, while domestic institutional investors (DIIs) sold shares to the tune of Rs 791.69 crore, provisional data available with stock exchanges showed. Elsewhere in Asia, Kospi and Hang Seng ended on a mixed note, while other major bourses in China and Japan were shut for holidays. European equites started off on a firm footing. The rupee, meanwhile, appreciated marginally to 69.34 against the US dollar intra-day.

Global oil benchmark Brent crude was trading 0.62 per cent lower at USD 70.31 per barrel. 
 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
BSE SensexNiftyMarkets
Written By: PTI
Updated: Fri, May 03, 2019
04:44 pm
Mumbai, PTI
RELATED NEWS
Closing Bell: Nifty ends above 17,500, Sensex jumps over 400 points ahead of market holiday; Auto, Metal gain, PSU Bank declines Closing Bell: Nifty ends above 17,500, Sensex jumps over 400 points ahead of market holiday; Auto, Metal gain, PSU Bank declines
Opening Bell: Nifty above 17,400, Sensex gains 30 points amid muted global cues; PSU Bank declines most Opening Bell: Nifty above 17,400, Sensex gains 30 points amid muted global cues; PSU Bank declines most
Eight of top-10 valued firms add Rs 98,235 cr in m-cap; Infosys, TCS lead gainers Eight of top-10 valued firms add Rs 98,235 cr in m-cap; Infosys, TCS lead gainers
Opening Bell: Markets extend winning streak; Sensex up over 220 points, Nifty50 above 17450 – IT, Metal and Auto stocks gain Opening Bell: Markets extend winning streak; Sensex up over 220 points, Nifty50 above 17450 – IT, Metal and Auto stocks gain
Opening Bell: Nifty, Sensex open flat ahead of RBI MPC meet; metal, oil & gas stocks gain Opening Bell: Nifty, Sensex open flat ahead of RBI MPC meet; metal, oil & gas stocks gain

LATEST NEWS

Stock Markets: REVEALED! Why world economies fearing recession but India is emerging even stronger

7th Pay Commission to stay! Govt not mulling 8th Pay commission; Is performance-based increment for central government employees on the cards?

AP ECET Results 2022 rank card to be available at cets.apsche.ap.gov.in for download; Check rank card Manabadi direct link

CLAT Exam 2023 application form registration online begins; here's direct link to apply and check exam date

March session in Kashmir 2022 and Jammu and Kashmir schools? JKBOSE moots proposal - Details

Rakesh Jhunjhunwala portfolio: This auto stock can show potential upside of 40% in coming months, says expert

India@100: Anil Singhvi predicts Nifty will reach 1,75,000 in next 25 years - Here's why

Meta-owned WhatsApp is rolling out this feature - PRIVACY!

Samsung Galaxy Unpacked event tomorrow - What to expect, LIVE streaming, when, where and how to watch Samsung event

FIIs & DIIs allocation in Q1: Oil & Gas, Automobiles favourite sectors for both foreign and domestic investors - Details

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV