Home / Market Beat / Nifty softens to 5200. Hero Motors down 5%.

Nifty softens to 5200. Hero Motors down 5%.

Markets have seen down trades as the American markets closed in the red yesterday. Hiring in the private sector showed a decline in April, triggering cuts in the Dow and the S&P 500 indices.

Back home, the Nifty saw levels of 5209, down by 30 points or -0.6%.

Hero Motors (HEROMOTOCO) has fallen by 5%, with cuts of over 110 rupees. The stock traded at 2134.

Banking stocks have been the laggards. The Bank Nifty index has fallen over 0.6%. SBI is down by 0.8%, while ICICI Bank is down by 0.6%. PNB has fallen 0.8%.

Metal stocks have also shown some declines. Coal India is leading with 1.2% cuts. Hindalco is also down by 1.2%. Sterlite, Jindal Steel and Tata steel have all seen 0.7% cuts.

Oil & Gas major ONGC is down by 1.1%.



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