Sensex down 90 points, Nifty near 10,750; BoB gains 3%, Vijaya, Dena plunge
Share market LIVE updates: The domestic stock markets--Sensex and Nifty--opened lower on Thursday morning, tracking weak global cues. The Sensex is down about 85 points to 35,805.65, while the Nifty is nearing the 10,750 marks.
The domestic stock markets–Sensex and Nifty–opened lower on Thursday morning, tracking weak global cues. The Sensex is down about 85 points to 35,805.65, while the Nifty is nearing the 10,750 marks. Shares of Bank of Baroda rallied more than 3% to Rs 123.40 on NSE after the Union Cabinet on Wednesday approved the proposal to merge Bank of Baroda (BoB), Vijaya Bank and Dena Bank. Vijaya Bank shares plunged by nearly 7.5% to hit the day’s low at Rs 51.05. Dena Bank shares plunged by 20% to Rs 14.40 in the morning trade.
Earlier, US stock futures fell on Thursday after a rare revenue warning from Apple Inc added to worries about slowing global growth, but a move by China’s central bank to help to struggle smaller firms lifted shares there, cushioning losses for Asian markets. The Cupertino, California-based tech giant blamed fewer iPhone upgrades and slowing sales in China in warning about revenues in its most recent quarter, its first such warning since 2007. Its shares tumbled 8 percent in after-hours trade, Reuters reported.
Wall Street edged higher on Wednesday after stumbling out of the starting gate on the first trading day of 2019, while fears of a global economic slowdown were exacerbated after Apple cut its holiday-quarter revenue forecast, said the Reuters report. We bring to you LIVE updates.
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