Business

Equities Slump In Early Trade Amid Unfavourable Global Trends

Equity benchmark indices Sensex and Nifty fell in early trade on Friday owing to unfavourable global trends and continued foreign fund outflows.

The 30-share BSE Sensex sank 185.42 points to 73,478.30. The NSE Nifty dropped 50.35 points to 22,353.50.

HAL, Marico, Eicher Motors, L&T, Nestle India, Cipla, Britannia, SBI Life Insurance, Tata Consumer, Cholamandalam Invest, and Godraj Consumer were the top laggards.

Among the gainers were Mahindra & Mahindra, Info Edge(India), Zydus, Siemens, Power Finance Corp, IRFC, Interglobe Aviation, Bharat Electronics, and Adani Enterprises.

In Asian markets, Singapore, Hong Kong, Indonesia, Thailand, and Malaysia were trading higher while, Tokyo, South Korea, Shanghai, and Taiwan were trading lower.

US markets closed lower on Thursday.

Brent crude gained 0.25 percent to USD 83.48 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 776.49 crore on Thursday.

On Thursday, the BSE benchmark jumped 676.69 points or 0.93 percent to 73,663.72, while the Nifty soared 203.30 points or 0.92 percent to 22,403.85.

Also read: Friendly Fire Kills 5 Israeli Soldiers In Gaza Strip

Spriha Rai

Recent Posts

Delhi HC Rejects Khalid Saifi’s Plea To End Attempted Murder Case In 2020 Riots

The Delhi Police opposed Saifi’s bail, citing evidence from WhatsApp messages exchanged among the accused.…

30 mins ago

Maha Kumbh 2025: Uttar Pradesh Enhances Security With Face Recognition Cameras

To protect millions of devotees at Maha Kumbh, the UP govt is implementing advanced security…

36 mins ago

SBI CME Soldierathon Set To Honour Indian Army’s Brave Soldiers On 244th Sappers Day At CME Pune

This landmark event, organized at the historic Military Institute, will honor the sacrifices of the…

47 mins ago

SC Seeks Responses In Mathura Krishna Janmabhoomi-Idgah Dispute, Grants Two Weeks To All Parties

The Supreme Court has also paused the Allahabad High Court’s order for a survey of…

59 mins ago

Yogi Government Launches Massive Green Initiative For Maha Kumbh 2025

The Yogi Adityanath administration has launched a tree-planting campaign to make Prayagraj environmentally sustainable for…

1 hour ago

BJP MLA Rajeshwar Singh Calls On Akhilesh Yadav To Act As Positive Opposition In UP DGP Debate

Singh noted that, over seven years, police encounters have killed 197 criminals and injured 6,329.…

1 hour ago