Business

Markets Decline In Early Trade On Profit-Booking

The benchmark equity indices Sensex and Nifty declined in early trade on Thursday, owing to negative global market trends and profit booking.

The BSE Sensex sank 155.30 points, or 0.20 percent to 77,182.29. The NSE Nifty slipped 44.40 points, or 0.15 percent to 23,471.60.

Power Finance Corp, RECL, ICICI Lombard, Sun Pharmaceutical, HDFC Life Insurance, Colgate-Palmolive, Bajaj Finance, Power Grid Corp, Bajaj Auto, and Bajaj Finserv were the top laggards.

Among the gainers were Jio Finance Serv., Kotak Mahindra Bank, SRF, Samvardhana Motherson, Tata Motor-DVR, Berger Paints, Jindal Steel & Power, Avenue Supermarts, and Vedanta.

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

US markets were closed on Wednesday in celebration of Juneteenth.

European markets ended on a mixed note on Wednesday.

Brent crude gained 0.64 percent to USD 85.07 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 7,908.36 crore on Wednesday.

On Wednesday, the Sensex inched up 36.45 points, or 0.05 percent to 77,337.59 while the Nifty went down by 41.90 points, or 0.18 percent to 23,516.00.

Also read: Senior Journalist Fatally Shot In Khyber Pakhtunkhwa Province, Pakistan

Spriha Rai

Recent Posts

Kochi Police Book YouTuber Amrit Singh Darren Over Alleged Communal Remarks About Fort Kochi Cafe

Kerala Police book YouTuber Amrit Singh Darren over alleged communal remarks targeting Fort Kochi’s Kashi…

5 mins ago

Israel Election Results: Netanyahu’s Likud Bloc Wins 53 Seats; Opposition Secures 48

Israel’s election leaves Netanyahu’s Likud bloc short of a majority, with 53 seats, while opposition…

2 hours ago

Tiger Shroff Firing Case: 12th Accused Arrested In Sonipat; Police Probe Money Trail

Mumbai Police arrest the 12th accused in the Tiger Shroff firing case, with investigators scrutinising…

2 hours ago

Gold, Silver Prices Fall Up To 2% On Hawkish Fed Signals Ahead Of Festive Buying

Gold and silver prices fell up to 2% on MCX as hawkish Fed signals fuelled…

2 hours ago

West Bengal Textbook Changes: ‘Jal’ To Replace ‘Pani’ In Proposed Curriculum Overhaul

West Bengal panel proposes textbook changes, including new words, revised history chapters and literary additions.

3 hours ago

PM Modi Draws Crowds During Roadshow In Gujarat’s Banaskantha

Prime Minister Narendra Modi held a roadshow in Gujarat’s Banaskantha district on Friday, drawing large…

4 hours ago