Sensex Ends 194 Points Lower; Realty and Telecom Stocks Witness Selling

Sensex Ends 194 Points Lower; Realty and Telecom Stocks Witness Selling

by admin- Wednesday, June 12th, 2019 07:20:19 PM

Share markets in India persevered to change in the purple during closing hours and ended their buying and selling session decrease. Barring metallic region and FMCG zone, all sectoral indices ended on a terrible be aware with realty stocks and telecom shares witnessing maximum of the selling pressure.

At the last bell, the BSE Sensex stood lower with the aid of 194 points (down zero.5%) and the NSE Nifty closed down by means of fifty nine points (down zero.Five%). The BSE Mid Cap index ended the day down by zero.Eight%, while the BSE Small Cap index ended the day down by means of zero.5%.

The rupee became buying and selling at 69.33 in opposition to the USA$.

Asian inventory markets completed on a poor note. As of the most recent last prices, the Hang Seng became down by way of 1.7% and the Shanghai Composite become down with the aid of 0.6%. The Nikkei 225 became down 0.Four%.

From the banking area, Yes Bank percentage charge changed into in attention today.

Stock of the lender witnessed promoting stress after the rating enterprise Moody’s the day gone by located the financial institution’s rankings underneath evaluate for a downgrade.

The employer positioned Yes Bank’s scores beneath evaluate for a downgrade mentioning its big publicity to debt-encumbered non-banking economic companies (NBFC) and the possibility that the bank’s loans underneath watch listing ought to slip into non-acting property (NPAs).

Meanwhile, Mukesh Sabharwal, chairman of the nomination and remuneration committee of the bank, cease on Tuesday mentioning private motives.

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