Equity benchmark indices Sensex and Nifty saw turbulent movement in early trade on Thursday, amid mixed trends in the global markets.
After a slow start, the Sensex recovered and advanced 7.58 points or 0.01 percent to 72,630.67. However, the 30-share benchmark quickly reversed its momentum, falling 381.94 points or 0.53 percent to 72,241.15.
The broader Nifty initially showed some resilience, but succumbed to the selling pressure and fell 148.40 points or 0.67 percent to 21,906.65.
The broader Nifty also showed some resistance initially but gave in to the selling pressure and declined 148.40 points or 0.67 percent to 21,906.65 points.
In Asian markets, Japan’s Nikkei, Hong Kong’s Hang Seng, and South Korea’s Kospi all are trading in green.
On Wednesday, US equities finished mostly higher, while European stocks were concluded on a mixed note.
The US Federal Reserve’s January meeting revealed that the majority of policymakers were concerned about the risks of lowering interest rates too soon.
According to the data exchange, Foreign Institutional Investors (FIIs) brought securities worth Rs 284.66 crores on Wednesday.
On Wednesday, Sensex and Nifty ended their six-day winning streak. While Sensex slid 434.31 points to close at 72,623.09, Nifty sank 141.90 points to finish the day at 22,055.05.
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