23.6 C
Washington

Sensex, Nifty Fall In Early Trade Amid Continuous Foreign Fund Outflows

Date:

Share:

The BSE benchmark jumped 634.65 points or 1.01 per cent to settle at 63,782.80 on Friday. (File)

Mumai:

Equity benchmark indices declined in early trade on Monday after a day’s breather amid continuous foreign fund outflows and sluggish trends in the global market.

The 30-share BSE Sensex declined 179.06 points to 63,603.74 despite a positive beginning. The Nifty dipped 49.25 points to 18,998.

Among the Sensex firms, Tata Motors, Mahindra & Mahindra, Maruti, Power Grid, Bajaj Finance, Larsen & Toubro, Titan and Axis Bank were the major laggards.

Reliance Industries, Tech Mahindra, UltraTech Cement and Tata Consultancy Services were the gainers.

In Asian markets, Tokyo and Hong Kong traded in the negative territory while Seoul and Shanghai were quoted in the green.

The US markets ended mostly lower on Friday.

Global oil benchmark Brent crude declined 1.23 per cent to USD 89.37 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,500.13 crore on Friday, according to exchange data.

Foreign Portfolio Investors (FPIs) have pulled out over Rs 20,300 crore from Indian equities this month so far, primarily due to a sharp surge in the US treasury yield, and the uncertain environment resulting from the Israel-Hamas conflict.

The BSE benchmark jumped 634.65 points or 1.01 per cent to settle at 63,782.80 on Friday. The wider gauge Nifty surged 190 points or 1.01 per cent to 19,047.25. 

(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)

Source link

Subscribe to our magazine

━ more like this

Examining the meteorite that landed in a Georgia house up close

A meteorite appeared as a fireball seen in several states, including Georgia, where it landed in a house. Dave Malkoff explores its past. Source link...

ESPN will not air Spike Lee's docuseries on Colin Kaepernick, citing 'creative differences'

From left, San Francisco 49ers Eli Harold (58), quarterback Colin Kaepernick (7) and Eric Reid (35) kneel during the national anthem before their NFL...

'It's the worst decision that you could ever have to make'

Sarah Spooner suffered such severe hyperemesis gravidarum, or extreme pregnancy sickness, that she felt she had no choice but to have an abortion. Source link...

‘Era of Orange’: Panthers, Flyers top NHL teams acknowledging Swift’s new album

A new Taylor Swift era is among us as the Grammy Award-winning artist recently announced her new album, "The Life of a Showgirl."Editor's Picks1...