Only high-tech sector in India got into the "green" zone
Date of publication: 25 January 2019
On Friday, January 25, the key stock indices of India finished trading in the negative territory, while only the high-tech sector got into the "green" zone. So Nifty IT has advanced 0.45%, while the largest decline was recorded Nifty Auto, Nifty and Nifty Realty Media retreated by 3.25%, 4,38% of 16.37%, respectively.
Natalia Asadova analyst CC FINAM
Uncertainty about trade negotiations between Washington and Beijing, as well as the slowdown in the global economy, continue to put pressure on the market. At the same time, even the growth of indices in Europe and the US could not inspire Indian investors to buy.
Following the session, Nifty 50 went down by 0.64% to reach 10780,55 points, while BSE Sensex lost 0.47 per cent and closed at 36025,54 points.
By 13:50 Moscow time the currency pair USD/INR rose by 0.29% to 71,195, and the pair EUR / INR is trading in the black by 0.57% and is at the level of 80,7090. The yield of ten-year government bonds, meanwhile, was 7,545%.
Among the favorites of trading the second session in a row was the creditor of Yes Bank. Thus, the Bank's securities rose by 1.95% due to the applications for the appointment of a new CEO.
As noted above, the shares of the high-tech sector looked better than the market. In particular, the market capitalization of HCL Technologies, Tata Consultancy, Wipro and Tech Mahindra increased by 3.02%, 0.94%, 0.70% and 0.45% respectively.
Was unsuccessful bidding for companies in the media sector, with the largest drop of the stock was observed in companies Dish TV India (-37,41%) and Zee Entertainment (-30,92%).