Equity indices down by 1.5%, metals and PSU banks drag
Sep 24, 2020
Mumbai, Sept 24 (ANI): Equity benchmark indices plunged by nearly 1.5 per cent during early hours on September 24 on the back of weak global cues. At 10:15 am, the BSE S&P Sensex was down by 561 points or 1.49 per cent at 37,107 while the Nifty 50 tumbled by 155 points or 1.4 per cent at 10,976. Among stocks, Hindalco cracked by 3.9 per cent to Rs 159 per share and JSW Steel by 2.3 per cent to Rs 261.95. IndusInd Bank fell by 3.6 per cent, Bajaj Finance by 2.9 per cent, Tata Motors by 3 per cent and Mahindra & Mahindra by 2.6 per cent. However, those which gained marginally were Bharti Infratel, Dr Reddy's Power Grid Corporation and Kotak Mahindra Bank. MSCI's broadest index of Asia Pacific shares outside Japan tumbled by 1.35 per cent on broad losses across the region. Chinese blue-chips dropped by 1.09 per cent, Hong Kong's Hang Seng fell 1.72 per cent, Seoul's Kospi sank 1.73 per cent and Japan's Nikkei fell 0.74 per cent.
