Markets in South Korea, Shanghai markets and other parts of the region were closed for holidays. Among technology companies in Japan, SoftBank Group Corp. stock extended its losses, plunging 6%. Hitachi Ltd. lost 7%, but Fujitsu and Sony Corp. recovered
The BSE Sensex dropped 464.22 points to 85,107.63 in early trading, while the NSE Nifty fell 133.85 points to 26,045.10. Among the 30 Sensex firms, major laggards included Tech Mahindra, Mahindra & Mahindra, ICICI Bank, Reliance Industries, Axis Bank, and UltraTech Cement.
The 30-share BSE Sensex dropped 138.58 points, or 0.17%, to 80,664.28 in early trade. Meanwhile, the NSE Nifty ended its four-day rally, slipping 15.20 points to 24,683.65. Among the 30 Sensex companies, UltraTech Cement, Kotak Mahindra Bank, Tech Mahindra, ICICI Bank, HDFC Bank, IndusInd Bank, Power Grid, and Axis Bank were the major laggards.
Regional markets shrugged off data showing Japan's economy contracted at 5.1% annual pace in the last quarter as numbers of new coronavirus cases surged.
Hyderabad: The OpenText World Asia Pacific will be held on May 20 and 21. According to a press release, the two-day event will bring together OpenText leadership and experts, guest speakers, strategic partners, and industry professionals to discuss market trends, explore the opportunities within the Asian markets and show customers how they can grow faster. […]
PowerGrid was the top laggard in the Sensex pack, shedding over 2 per cent, followed by Axis Bank, ICICI Bank, HDFC duo, Asian Paints and Bharti Airtel.
