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Wednesday, May 22, 2019 2:41:00 PM  
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Axis Bank  778.55    (0.70%)
 
Bajaj Auto  3042.00    (2.05%)
 
Bajaj Fin.  3431.40    (-0.04%)
 
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Coal India  240.60    (1.39%)
 
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HCL Technologi...  1059.85    (0.27%)
 
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Tata Steel  471.65    (-0.39%)
 
TCS  2083.35    (-1.23%)
 
Vedanta  166.10    (0.39%)
 
Yes Bank  138.05    (-2.09%)
 
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You are here : Equity | News | Foreign Markets
Australia Market ends tad down
(16:31, 15 Mar 2019)
Headline indices of the Australian financial market closed marginally down after a seesaw trade on Friday, 15 March 2019, as risk sentiments subdued on fresh concerns about global trade and the Chinese economy. News that a meeting to end the trade war with China won't happen this month had weighed on sentiment. At closing bell, the benchmark S&P/ASX200 index fell 4.42 points, or 0.07%, at 6,175.17 points, while the broader All Ordinaries dropped 1.74 points, or 0.03%, at 6,265.06.

Mining stocks were lower, after copper prices dropped overnight as industrial output in top metals consumer China fell to a 17-year low. BHP was down 1.8%, Fortescue Metals down 1.2% and Rio Tinto down 0.13%.

Financial stocks extended losses, with the fall exacerbated by Morgan Stanley downgrading its rating on Australia and New Zealand Banking to “underweight” from “equal-weight”. Shares of three of the big four lenders declined between 0.4% and 1.6%, but National Australia Bank was slightly higher.

CURRENCY: The Australian dollar was up against the U.S. dollar on Friday. The Aussie dollar was quoted at 70.84 US cents, from 70.62 US cents on Thursday.

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