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
  • Mahindra & Mahindra stock hits 52-week high as brokerages bullish on counter post Scorpio-N launch; check target prices
  • GST Council meet begins today: Know agendas of Finance Minister Nirmala Sitharaman's led two-day meeting
  • Security deposit on commercial LPG connection goes up by Rs 1050 for 19-kg cylinder; check new rates
  • Cash-starved Sri Lanka to end fuel duopoly to ease fuel shortages
  • Xiaomi 12S series set to launch with Leica cameras on July 4: Check key details here
Read in App
Business News » India News

Sensex, Nifty tank on rising geopolitical tension; Maruti Suzuki, RCom, Sobha Developers stocks dip

The BSE Sensex 407 points after closing at 39,194 levels while the 50-stock Nifty lost 107 points and closed at 11,724 levels. The index Bank Nifty went down 152 points andd closed at 30,628 levels. 

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Sensex, Nifty tank on rising geopolitical tension; Maruti Suzuki, RCom, Sobha Developers stocks dip
Overall the market is bullish and I would suggest market investors maintain buy on dips strategy because the market is trading in a broader range of 11,650 to 11,950. Photo: PTI

On account of rising geopolitical tension between the US and Iran and Sino-US tariff tension, Indian indices nosedived in the intraday trade. The BSE Sensex 407 points after closing at 39,194 levels while the 50-stock Nifty lost 107 points and closed at 11,724 levels. The index Bank Nifty went down 152 points and closed at 30,628 levels. Sobha Developers, Ujjivan Financial Services, Graphite India, Orient Cement and Emami stocks were the top losing stocks today while Jet Airways, Hexaware Technologie, Suzlon Energy, Lakshmi Vilas Bank and JaiprakashAssociates were among the top gaining stocks in the intraday trade.

Speaking on the market scenario SEBI registered technical analyst Simi Bhaumik said, "Overall the market is bullish and I would suggest market investors maintain buy on dips strategy because the market is trading in a  broader range of 11,650 to 11,950."

Auto stocks led the blood bath at Dalal Street as the BSE Auto index lost around 1.32 per cent in the intraday trade. Auto major Maruti Suzuki India share price slipped 3.13 per cent, Hero MotoCorp stock dipped 1.94 per cent, shares of TVS Motor Company went down 1.6 per cent, Ashok Leyland counter went down 1.37 per cent, Cummins India counter went off 1.24 per cent while Balkrishna Industries shares went southward near 1 per cent.

Telecom stocks witnessed heavy selloff in the intraday trade. Telecom major Reliance Communications aka RCom share price crashed 4.51 per cent, shares of Tata Communications went down 2.45 per cent, Tata Teleservices (Maharashtra) scrip dipped 2.84 per cent, Tejas Networks stocks went down 3.76 per cent, Sterlite Technologies counter went off 1.42 per cent, Bharti Infratel and Bharti Airtel stocks went down 1.58 and 1.1 per cent respectively.

Among Asian markets, the Japanese Nikkei 225 index lost over 1 per cent, South Korean Kospi went down 0.27 per cent, Hang Send went off 0.27 per cent and the Shanghai index went up half per cent.

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:
SensexNiftyBank NiftyDALAL STREETBSEMarkets
Written By: ZeeBiz WebTeam
Updated: Fri, Jun 21, 2019
03:48 pm
New Delhi, ZeeBiz WebDesk
RELATED NEWS
Closing Bell: Markets extend gain for 4th session in a row; Sensex up 16 points, Nifty50 at 15850 – Auto and Metals surge most Closing Bell: Markets extend gain for 4th session in a row; Sensex up 16 points, Nifty50 at 15850 – Auto and Metals surge 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: 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?

LATEST NEWS

15 more firms selected under PLI scheme for white goods

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

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

Amazon Fab Phones Fest: Up to 40% off on smartphones from Apple, Xiaomi, Samsung, Tecno and more

Xiaomi 12S series set to launch with Leica cameras on July 4: Check key details here

Realme TechLife Watch R100 India sale starts today - Check price, specifications and availability

Google to shut down Hangouts, tell users to switch to Chat

Lentra acquires AI company TheDataTeam, to deploy 'Cadenz' for data-driven decisions

ASCI releases advertisement complaints report; educational, healthcare products advertisements found most objectionable

Wealth Guide: ULIP investments - Advantages explained, myths busted by expert

  • 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