For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Corona Virus Deaths Scare Asian Markets; Sensex Trades Higher

|

Benchmark indices were trading marginally higher, after three straight days of losses for the Nifty and the Sensex. Most of Asia was trading lower, particularly the shares in Mainland China, after worries over the deaths due to the Coronavirus.

The Shanghai Composite was down more than 1.5 per cent, while the Hong Kong's Hang Sang too was down more than 1 per cent on mounting casualties due to the Corona Virus.

The Sensex was trading with gains of 144 points, while the Nifty was up by 37 points. Among the stocks that reacted to results was the shares of Axis Bank and Larsen and Toubro.

Corona Virus Deaths Scare Asian Markets; Sensex Trades Higher
 

Axis Bank reported a net profit of Rs 1,757 crores, which missed analysts estimates, most of which had expected the bank to post a net profit in excess of Rs 2,000 crores. The stock was up more than 2 per cent in trade on lower provisions.

Shares in L&T too gained ground, as quarterly numbers for the period ending Dec 31, 2019 largely met estimates.

Shares in ONGC and Coal India, which saw declines of nearly 4 to 5 per cent on Wednesday, managed to gain some ground. Both the stocks were up 0.5 per cent each.

Vodafone Idea shares resumed their rally and were up 4 per cent in trade today.

Read more about: sensex nifty asian markets
Story first published: Thursday, January 23, 2020, 9:31 [IST]
Company Search
Get Instant News Updates
Enable
x
Notification Settings X
Time Settings
Done
Clear Notification X
Do you want to clear all the notifications from your inbox?
Settings X
We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more