Sensex ends flat as Titan and Bharti Airtel top losers

Mumbai: Indian equity indices closed flat on Wednesday as Titan, Bharti Airtel and Maruti Suzuki were top losers.

During the trading hours, Sensex and Nifty made a new lifetime high of 77,851 and 23,664 respectively. This is the fourth consecutive session when benchmarks hit a fresh lifetime high.

At closing, Sensex was at 77,337, up 36 points or 0.05 per cent, and Nifty was down 41 points or 0.18 per cent.

On Wednesday, Bank Nifty emerged as the top sectoral contributor to the main indices. It surged by 1.90 per cent and settled at 51,398.

Stocks of Axis Bank, HDFC Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, SBI, IDFC First Bank, and Bandhan Bank shot up by 1 to 3 per cent.

According to experts, “Nifty50 and Sensex hit fresh record highs for the fourth consecutive session today. After the release of US retail sales data that fell short of expectations, the gains were led by stocks in the Banking and IT sector.”

“However, these factors strengthened expectations of the Federal Reserve cutting interest rates in near-term 10-year bond yield also declining to 4.22 per cent. These factors are pushing FII to buy more benefiting stocks like HDFC bank, ICICI bank and Axis Bank which are available at an attractive valuation,” they added.

Axis Bank, HDFC Bank, ICICI Bank, IndusInd Bank, Kotak Mahindra Bank, and SBI were the top gainers in the Sensex pack. Titan, Maruti Suzuki, Bharti Airtel, L&T, NTPC, Reliance and Power Grid were the top losers.

IANS

 

CrowdStrike bug hit 8.5 mn Windows devices, says Microsoft

Washington: Microsoft said on Saturday that the CrowdStrike update that grounded hundreds of fights around the world besides disrupting online services affected 8.5 million systems using the Windows operating software,...

US issues warning on Microsoft outage, Nadella says working to bring systems back online

San Francisco: US cybersecurity agency CISA has warned that hackers are trying to take advantage of Microsoft outage for phishing and other malicious activity, as the tech giant’s Chairman and...

Microsoft outage gave seizure to automotive supply chain: Musk

New Delhi: Hitting hard at Microsoft Chairman and CEO Satya Nadella, tech billionaire Elon Musk has said that the mega Windows outage “gave a seizure to the automotive supply chain”....

Predicting space storms can now be possible: Study

New Delhi: Recent advancements in space weather forecasting may soon enable scientists to predict the speed and arrival time of coronal mass ejections (CMEs), commonly known as space storms, according...

Centre issues advisory on Microsoft Windows outage

New Delhi: The Centre on Friday issued an advisory on the outage of Microsoft Windows owing to CrowdStrike agent 'Falcon Sensor' update. Union Minister for Railways, I&B, Electronics & IT...

realme expanded its product strategy with Watch S2 to create AI-enabled ecosystem

New Delhi: The landscape of wearable technology is undergoing a transformative shift, fueled by the rise of artificial intelligence (AI). While wearables initially gained popularity for features like fitness tracking...

Google to empower 10,000 Indian startups in AI, unveils new tools

Bengaluru: Google on Wednesday said it is working with MeitY ‘Startup Hub’ to train 10,000 startups in artificial intelligence (AI), as the tech giant expanded access to its AI models...

Meta rolls out ‘verified subscription’ plans for businesses in India

Mumbai: Meta on Wednesday introduced verified subscription plans for businesses on Facebook and Instagram in India. The Meta Verified for businesses will offer them with a verified badge, enhanced account...

Tech company OnePlus unveils first 5G metal unibody smartphone & more

Milan: Global technology brand OnePlus on Tuesday unveiled four new products at an event here that includes Nord 4 which is the only 5G metal unibody smartphone ever. The company...

Apple approves first PC emulator for iOS to run classic games

New Delhi: Tech giant Apple has approved the first PC emulator for the iOS ecosystem to run classic software and games. The iPhone maker approved ‘UTM SE’ after initially rejecting...

Human-centric, responsible mobile AI is the future: Experts

Paris: Human-centric mobile artificial intelligence (AI) is the future and open collaboration among the industry and a distinct approach to hybrid AI is the only way to achieve the best...

Nothing sells 1 lakh units of India-made CMF Phone 1 in 3 hours

New Delhi: London-based technology company Nothing on Friday announced that 1 lakh units of its sub-brand's debut smartphone CMF Phone 1, which is being manufactured in India, was sold in...

Read Previous

India’s seafood exports scale record high, US & China top buyers

Read Next

Will sit on indefinite fast if water issue not resolved by June 21: Atishi writes to PM

Leave a Reply

Your email address will not be published.

WP2Social Auto Publish Powered By : XYZScripts.com