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Equity indices dip by 0.5 pc, banking and financial stocks plunge
Equity benchmark indices slipped by nearly half a per cent during early hours on Friday due to weakness in Asian peers and selling pressure led by banking and financial stocks.
Mumbai: Equity benchmark indices slipped by nearly half a per cent during early hours on Friday due to weakness in Asian peers and selling pressure led by banking and financial stocks.
At 10:15 am, the BSE S&P Sensex was down by 180 points or 0.47 per cent at 37,960 while the Nifty 50 slipped by 60 points or 0.53 per cent at 11,156.
Except for Nifty pharma which moved up by 0.4 per cent, all sectoral indices at the National Stock Exchange were in the red with Nifty financial service down by 1.7 per cent, private bank by 1.5 per cent, metal by 1 per cent and auto by 0.5 per cent.
MSCI's broadest index of Asia Pacific shares outside Japan lost by 1.3 per cent. Tokyo was closed for a holiday but Nikkei futures were trading 250 points below the cash close. (ANI)