Business

Markets Slip In Early Trade Amid Profit-Taking

The equity benchmark indices Sensex and Nifty slipped in early trade on Friday, weighed down by selling in finance services and banking stocks.

In early trading, the 30-share BSE Sensex dipped 471.17 points, or 0.58 percent to 79,578.50. The Nifty sank 109.15 points, or 0.44 percent to 24,193.00.

HDFC, Mahindra & Mahindra, Titan, Samvardhana Motherson, Bajaj Holdings, Tata Steel, Induslnd Bank, ABB India, Zomato, and ICICI Bank were the top laggards.

Among the gainers were IRFC, Bharat Electronics, TVS Motor Company, Divi’s Labs, ONGC, Cipla, RECL, Zydus, and HAL.

In Asian markets, Indonesia, Thailand, and South Korea were trading in positive territory, while Tokyo, Hong Kong, Malaysia, Shanghai, Singapore, and Taiwan were trading in negative territory.

US markets closed higher on Thursday.

European markets ended in positive territory on Thursday.

Brent crude lost 0.37 percent to USD 87.11 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 2,575.85 crore on Thursday.

On Thursday, the Sensex advanced 62.87 points, or 0.08 percent, to 80,049.67, while the Nifty moved 15.65 points, or 0.06 percent, to 24,302.15.

Spriha Rai

Recent Posts

Passenger & Cargo Traffic On National Waterways Sees Massive Surge

India’s national waterways have witnessed a significant rise in both passenger and cargo traffic over…

11 mins ago

Supreme Court Seeks Reply On Uttarakhand Madrasa Crackdown

The Supreme Court sought responses from the Centre and Uttarakhand on a petition challenging the…

48 mins ago

Supreme Court Rejects Medha Patkar’s Plea In Defamation Case

The Supreme Court upheld Medha Patkar’s defamation conviction in a case filed by Delhi’s Lieutenant…

1 hour ago

Supreme Court To Review Waqf Bill Amid Rising Opposition

The Supreme Court will hear challenges to Waqf Act amendments limiting the Board’s authority over…

1 hour ago

Supreme Court Transfers Bihar Bridge Collapse Petition To Patna HC

The Supreme Court has transferred a plea seeking an inquiry into Bihar’s frequent bridge collapses…

2 hours ago

Modi Government Introduce Waqf Amendment Bill In Parliament: A Numbers Game

The second phase of budget session is underway in Parliament, and amidst ongoing protests, the…

2 hours ago