Business

Equity Markets Decline In Early Trade

The benchmark equity indices Sensex and Nifty declined in early trade on Friday, owing to mixed trends in global markets.

The BSE Sensex sank 198.54 points, or 0.25 percent to 76,612.36 in the early trade. The NSE Nifty slipped 44.90 points, or 0.19 percent to 23,354.00.

Tech Mahindra, JSW Steel, NTPC, Kotak Mahindra Bank, Wipro, United Spirits, HCL Technologies, Adani Power, and TCS were the top laggards.

Among the gainers were Trent, ICICI Lombard, ABB India, Grasim Industries, Bharat Electronics, Siemens, Shriram Finance, HAL, Ambuja Cement, and GAIL(India).

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

US markets closed on a mixed note on Thursday.

European stocks closed lower on Thursday.

Brent crude lost 0.41 percent to USD 82.41 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 3,033 crore on Thursday.

On Thursday, the Sensex soared 204.33 points, or 0.26 percent to 76,810.90, while the Nifty moved 75.95 points, or 0.32 percent to 23,074.30.

Also read: Russian Strike Kills 8 In Zelensky’s Hometown, Ukraine

Spriha Rai

Recent Posts

PM Modi’s Gifts: A Glimpse Of India’s Cultural Heritage In Global Diplomacy

These gifts to world leaders reflect the diverse traditions, arts, and crafts of India, emphasizing…

1 hour ago

Dr Rajeshwar Singh Calls For Bold Goals To Make India A Global Power By 2047

Dr Singh stressed the importance of reaching a GDP of $15 trillion by 2047 to…

2 hours ago

Gautam Adani Faces Indictment In US: Legal Expert Vijay Aggarwal Dismisses Immediate Repercussions

Criminal lawyer Vijay Aggarwal weighed in on the charges against Adani. He believes the indictment…

2 hours ago

Adani Group Stocks Recover As Sensex nd Nifty Post Gains

After a major sell-off earlier in the week, Adani Group stocks, led by Ambuja Cements…

3 hours ago

Sensex Soars 1,961 Points, Nifty Gains 557 In Broad-Based Market Rally

A sharp rally in financial stocks and encouraging US labor market data fueled the uptrend.…

3 hours ago

PM Modi Engages In 31 Bilateral Meetings During Three-Nation Tour

PM Narendra Modi held 31 bilateral meetings and discussions during his visit to Nigeria, Brazil,…

4 hours ago