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
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • What should investors do with Bajaj Auto Buyback? Anil Singhvi suggests this
  • JP Morgan bullish on global markets in H2; rejects possibility of recession, sees inflation receding in second half
  • Dalal Street Corner: Easing commodity prices, buying interest in IT, Metal help market extend gains; what should investors do on
  • PM Modi meets Joe Biden, Emmanuel Macron and Justin Trudeau at G7 Summit
  • Mahindra Scorpio-N 2022: Finally, New Scorpio is here - Price, Booking Open Date, Delivery Date, Variants, Features and more
Read in App
Business News » India News

Closing bell: Sensex tanks 156 points, Nifty below 10,750 levels

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Closing bell: Sensex tanks 156 points, Nifty below 10,750 levels
Stocks from banking, metal, infra, oil, gas and energy sector were among the top losers while IT stocks try to pare the losses incurred at the Indian indices. Photo source: Reuters

On account of soaring US-Iran tension and slipping dollar index, Sensex closed 156 lower at 35,853 levels while the Nifty slippped 57 points lower at 10,737 — below psychological levels of 10,750. Stocks from banking, metal, infra, oil, gas and energy sector were among the top losers while IT stocks try to pare the losses incurred at the Indian indices. Shares of Jet Airways, Symphony, Strides Pharma and Yes Bank were among the top gainer while Avenue Supermart, Dish TV India, Federal Bank, Gail India, IL&FS Transportation were the top losers in today's intraday trade. 

Commenting upon the heavy selling at the Indian indices Anindya Banerjee, Analyst at Kotak Securities told Zee Business online, "Nifty would trade in the range of 10,750 to 10,900. If it goes further down then there can be further down slide into the Indian markets while any further swing above 10,900 would be a good news for the bulls operating at the Indian markets." He said that resistance at this levels can be attributed to various reasons that includes rising fiscal deficit, rupee slipping against the US dollar in the Forex market and sluggish economic growth registered into the Indian markets." Anindya went on to add that if the Brent Crude Oil prices further shoots and touches the $70 per barrel levels, there can be furthr selling into the Indian indices. However, he said that such a time looks bleak as investors are in wait and watch situattion till the Indian general elections get over. On Monday Forex trade, Indian rupee gained by near 0.53 percent against the green back, posting a robust 37 paise gains from its previous close.

Jet Airways shares soar by more than 16 per cent, Stride Pharma logged near 6 per cent gains while Yes Bank registered around 6.5 per cent. Among top losing stocks; Avenue Supermarts tanked by near 11 percent, Dish TV India went down by around 5.75 percent while Federal Bank and Wipro corrected by around 4.5 per cent. IT majors Infosys and MindTree went northward by around 2.75 per cent while L&T Technologies Services closed moe than 1 per cent higher from its previous close.

Asian markets too went red on Monday's intraday trade sessions. Kospi closed 0.53 per cent lower at 2,064; Shanghai index went southward by 0.71 per cent at 2,535; Heng Sang went down by 1.38 per cent to 26,298. On Friday, Dow and Nasdaq had also went down on slipping dollar index. Dow closed 0.02 per cent lower at 22,995 while Nasdaq closed 0.21 per cent down at 6,971 levels. 
 

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:
SensexMarketsNifty 50
Written By: ZeeBiz WebTeam
Updated: Mon, Jan 14, 2019
03:42 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Closing Bell: Markets extend gain for 3rd day in row; Sensex up over 400 points, Nifty above 15800 – IT and Metals gain most Closing Bell: Markets extend gain for 3rd day in row; Sensex up over 400 points, Nifty above 15800 – IT and Metals gain most
Closing Bell: Market sheds 2-day gaining streak as Sensex sees 700 points fall, Nifty50 settles over 200 points lower Closing Bell: Market sheds 2-day gaining streak as Sensex sees 700 points fall, Nifty50 settles over 200 points lower
Closing Bell: Markets extend gain for 2nd day; Sensex up over 900 points, Nifty50 above 15600 – Metal and IT lead the surge Closing Bell: Markets extend gain for 2nd day; Sensex up over 900 points, Nifty50 above 15600 – Metal and IT lead the surge
 Dalal Street Corner: Sensex, Nifty end 6-day losing streak; what should investors do on Tuesday? Dalal Street Corner: Sensex, Nifty end 6-day losing streak; what should investors do on Tuesday?
Closing Bell: Markets snap 6-day falling streak; Sensex up 237 points, Nifty settle at 15350 – FMCG and Financial stocks gain most Closing Bell: Markets snap 6-day falling streak; Sensex up 237 points, Nifty settle at 15350 – FMCG and Financial stocks gain most

LATEST NEWS

Stocks to buy today: Oil India, Sterling Tools, Oberoi Realty and ONGC among list of 20 stocks for profitable trade on June 28

Finance Ministry permits state-owned NBFCs to issue letter of comfort

Nifty IT index jumps nearly 3% intraday on these two triggers; Tech Mahindra, HCL Tech among others surge up to 4%

Mahindra Scorpio-N Launch Event LIVE: Date, time, direct link - When, where, how to WATCH arrival of New Scorpio 2022

JP Morgan bullish on global markets in H2; rejects possibility of recession, sees inflation receding in second half

Asia stocks edge down after Wall Street falls; oil rises

Cipla to invest Rs 26 crore in GoApptiv to raise stake to 22%

What should investors do with Bajaj Auto Buyback? Anil Singhvi suggests this

All New Mahindra Scorpio-N 2022 Price in India

Gold price outlook: Why yellow metal may trade volatile this week? Know key buy zone, sell zone here

  • 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