Sensex, Nifty finish marginally decrease; L&T rallies over Four computer

Mumbai, August 13

Equity benchmarks ended with marginal losses for the second straight day on Thursday as uncertainty surrounding the COVID-19 pandemic saved traders cautious amid lack of directional cues.

After opening on a constructive word, the BSE Sensex pared all beneficial properties to finish 59.14 factors or 0.15 per cent decrease at 38,310.49.

The NSE Nifty slipped 7.95 factors or 0.07 per cent to complete at 11,300.45.

Bharti Airtel was the highest laggard among the many Sensex constituents, shedding 2.35 per cent, adopted by Sun Pharma, ITC, SBI, Axis Bank, HDFC, M&M and HDFC Bank.

On the opposite hand, L&T, Titan, HCL Tech, NTPC and ExtremelyTech Cement had been among the many gainers, rallying as much as 4.31 per cent.

According to merchants, lack of directional cues from international markets amid spiking COVID-19 instances saved traders on the sting.

“Uncertainty in international markets has emerged as a result of uncertain US stimulus package deal and affect of the US-China commerce assembly over the weekend.

“Domestic stock valuation concerns and continuing high rate of virus infections impacted the Indian markets. Markets seem to be in a wait and watch mode, and investors are advised to tread cautiously and accumulate stocks,” mentioned Vinod Nair, Head of Research at Geojit Financial Services.

BSE telecom, healthcare, bankex, teck, finance and vitality indices ended as much as 1.49 per cent decrease, whereas capital items, industrials, shopper durables and metallic rose as much as 3.81 per cent.

Broader BSE mid-cap and small-cap indices outperformed the benchmarks, rallying as much as 1.59 per cent.

Global equities had been combined forward of the essential US-China commerce talks.

Bourses in Shanghai, Tokyo and Seoul ended with beneficial properties, whereas Hong Kong closed within the pink.

Stock exchanges in Europe had been buying and selling on a unfavorable word in early offers.

Global oil benchmark Brent crude was buying and selling 0.20 per cent decrease at USD 45.34 per barrel.

On the foreign money entrance, the rupee settled on a flat word, edging simply 1 paisa decrease to 74.84 towards the US greenback. 

With a document single-day improve of 66,999 instances, India’s COVID-19 tally mounted to 23,96,637 on Thursday, whereas the variety of sufferers who’ve recovered from the illness surged to 16,95,982, pushing the restoration charge to 70.77 per cent within the nation.

The dying toll resulting from COVID-19 climbed to 47,033 with 942 folks succumbing to the illness within the final 24 hours, Union Health Ministry knowledge confirmed. PTI

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