Benchmark equity indices Sensex and Nifty fell from their record highs and traded lower in early trade on Friday, as investors were cautious ahead of RBI’s interest rate announcement, amid muted global trends and increased crude oil prices.
The 30-share BSE Sensex tumbled 196.49 points or 0.25 percent to 74,031.14. The broader NSE Nifty lost 72.85 points or 0.32 percent to 22,441.80.
Among the laggards were Tech Mahindra, JSW Steel, L&T, Tata Steel, and Axis Bank.
However, HDFC Bank, Bajaj Finserve, Nestle India, and Mahindra & Mahindra defied the trend, trading higher.
Asian markets were trading down, with Japan’s Nikkei 225 shedding 2.42 percent, South Korea’s Kospi lost 0.89 percent, and Hong Kong’s Hang Seng down 0.69 percent.
Brent crude gained 0.35 percent to USD 90.97 a barrel.
The US markets finished mostly lower on Thursday.
European markets finished Thursday’s session on a mixed note.
According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 1,136.47 crore on Thursday.
On Thursday, the BSE benchmark Sensex soared 350.81 points or 0.47 percent to reach a career-high of 74,227.63, while the NSE Nifty also reached a new high of 22,514.65, up 80 points or 0.36 percent.
Also read: Sensex And Nifty Reach All-Time Highs As HDFC And TCS Soar
India T20I captain Shreyas Iyer says the Asian Games will give India an opportunity to…
Ranveer Singh and Deepika Padukone have welcomed their second child, a baby girl, on September…
Union Home Minister Amit Shah will inaugurate Delhi’s Barapullah Phase III corridor on September 29,…
Union Home Minister Amit Shah welcomed the ABVP’s performance in the Delhi University Students’ Union…
Bihar Chief Minister Samrat Choudhary has donated one month’s salary to the Chief Minister’s Relief…
India and China need pragmatic engagement, stronger economic capabilities and sustained dialogue to manage strategic…