Equity indices slip amid selling pressure in auto, financial sectors

Last Updated: May 15 2020 | 1:36 PM IST

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Mumbai, May 15 (ANI): Equity benchmark indices traded lower during early hours on Friday as selling pressure built up in auto and financial sectors. A day earlier, Union Finance Minister Nirmala Sitharaman had unveiled details of the second tranche of Rs 20 lakh crore economic package with a focus on migrant workers, street vendors and small farmers. There was no positive impact of that in today's trading as investors remained concerned about the economic fallout of coronavirus pandemic even as businesses and cities readied to open up after the countrywide lockdown is lifted in phases. At 10:15 am, the BSE SandP Sensex was down by 249 points or 0.8 per cent at 30,874 while the Nifty 50 edged lower by 61 points or 0.67 per cent at 9,082. Except for Nifty metal which was up by 1.2 per cent, all sectoral indices at the National Stock Exchange were in the negative zone with Nifty auto down by 1.4 per cent, private bank by 1 per cent and financial service by 0.6 per cent. Auto stocks suffe