Business

Early trading saw a fall in equity markets due to ongoing withdrawals of foreign funds

Benchmark equity indices fell in early trade on Thursday, owing to ongoing foreign money withdrawals and mixed global market trends.

The BSE Sensex dropped 102.13 points to 64,873.48. The Nifty lost 34.35 points to 19,409.15.

Tech Mahindra, Reliance Industries, Hindustan Unilever, HDFC Bank, Infosys, and JSW Steel were the Sensex’s major laggards.

Among the winners were Mahindra & Mahindra, ICICI Bank, Maruti, Wipro, Larsen & Toubro, and Tata Motors.

In Asian markets, Seoul, Tokyo, and Shanghai were trading higher, while Hong Kong was trading lower.

On Wednesday, the US markets ended on a mixed note.

Brent crude gained 0.23 percent to USD 79.72 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 84.55 crore on Wednesday.

On Wednesday, the BSE Sensex climbed 33.21 points or 0.05 percent to 64,975.61. The Nifty gained 36.80 points or 0.19 percent to 19,443.50.

Also read: Israeli Military says Hamas has lost control in Northern Gaza

Spriha Rai

Recent Posts

US Election: India Confident Of Strong US Relations And Quad Continuity, Says Jaishankar

Jaishankar noted that the US-India relationship has flourished under both Democratic and Republican leadership, including…

5 mins ago

Sanskriti Diwas Marks 98th Birth Anniversary Of Kashiraj Dr Vibhuti Narayan Singh

Program coordinator Chakravarti Vijay Navad announced that 11 prominent individuals received the Kashiraj Dr. Vibhuti…

40 mins ago

Mallikarjun Kharge Slams ‘Batenge Toh Katenge’ Slogan During Jharkhand Campaign

Kharge emphasized that the BJP leaders promote divisive rhetoric as part of their agenda. He…

2 hours ago

Police Arrest Two In Fake Marriage Certificate Racket In Name Of Arya Samaj

DCP Nagar Abhishek Bharti revealed that five couples, including Shivani and Shrikant Yadav, recently filed…

3 hours ago

India And Nigeria Strengthen Counter-Terrorism Cooperation In Second Strategic Dialogue

Doval and Ribadu held detailed talks on challenges linked to terrorism and radicalization, including those…

3 hours ago

Ola Electric’s Share Hits All-Time Low Of Rs 74 Ahead Of Q2 Results

Analysts predict that the stock could drop closer to the Rs 70 mark. Ola Electric…

4 hours ago