Business

Markets Slip In Early Trade On Negative Global Trends

The equity benchmark indices Sensex and Nifty opened in red on Friday as investors sought to book profits owing to mixed global market trends.

In early trading, the 30-share BSE Sensex dipped 153.13 points, or 0.18 percent to 81,190.33. The Nifty dropped 77.50 points, or 0.31 percent to 24,723.35.

BPCL, Trent, Zydus, LIC, GAIL (India), Hindalco, Tata Steel, Zomato, Jindal Steel & Power, Tata Power, Samvardhana Motherson, ONGC, Shree Cement, Torrent Pharma, siemens, ICICI Prudential were the top laggards.

Among the gainers were Infosys, Britannia Industries, Berger Paints, LTIMindtree, Asian Paints, ITC, Bajaj Holdings, HCL Technologies, TCS, and Nestle India.

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

US markets closed lower on Thursday.

European markets ended on a mixed note on Thursday.

Brent crude lost 0.41 percent to USD 84.76 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) bought equities worth Rs 5,483.63 crore on Thursday.

On Thursday, the Sensex climbed 626.91, or 0.78 percent to 81.343.46, while the Nifty advanced 187.85 points, or 0.76 percent to 24,800.85.

Spriha Rai

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