Business

Sensex drops 143 points owing to persistent outflow of foreign funds

The benchmark Sensex slumped by 143 points on Thursday due to ongoing foreign fund outflows and conflicting global market trends.

The 30-share BSE Sensex fell 143.41 points or 0.22 percent to 64,832.20. It slid 206.85 points or 0.31 percent to 64,768.76 during the day.

The Nifty dropped 48.20 points or 0.25 percent to 19,395.30.

The major laggards on the Sensex were Hindustan Unilever, Tech Mahindra, Infosys, Reliance Industries, Bajaj Finance, Tata Consultancy Services, Titan, and UltraTech Cement.

Among the winners were Mahindra &a Mahindra, Power Grid, IndusInd Bank, Tata Motors, Larsen & Toubro, and Maruti.

In Asian markets, Seoul, Tokyo, and Shanghai finished up, while Hong Kong finished lower.

The majority of European markets were trading in the green.

On Wednesday, the US markets ended on a mixed note.

Brent crude rose 0.99 percent to $80.33 per barrel.

According to exchange data, Foreign Institutional Investors (FIIs) sold securities worth Rs 84.55 crore on Wednesday.

On Wednesday, the BSE benchmark grew 33.21 points or 0.05 percent to 64,975.61. The broader Nifty advanced 36.80 points or 0.19 percent to 19,443.50.

Also read: Thailand’s Miss Universe owner files for bankruptcy

Spriha Rai

Recent Posts

Govt Takes Action To Boost Pulses Production, Extends Free Import Of Tur Dal

The Centre is ramping up efforts to procure pulses, including tur, urad, and lentils, from…

24 mins ago

Govt Disburses ₹1,596 Crore Under PLI Schemes For Six Sectors

The government has released ₹1,596 crore under its Production-Linked Incentive (PLI) schemes for six sectors…

55 mins ago

Deloitte Revises India’s GDP Growth Forecast To 6.5-6.8% For 2024-25

Deloitte India has revised its 2024-25 GDP growth projection to 6.5-6.8%, citing global trade and…

1 hour ago

India Launches New Diamond Imprest Authorization Scheme To Boost Sector

In a bid to bolster India's position as a global leader in the diamond trade,…

1 hour ago

Direct Selling Industry In Northeast India Sees Significant Growth, Led By Assam

The direct selling industry in Northeast India grew to Rs 1,854 crore in 2022-23, up…

2 hours ago

Davos 2025: India’s Workforce ‘Skilled & Hungry To Learn,’ Says Siemens’ Peter Koerte

Siemens reaffirmed its commitment to India's growth and investments, as stated by Peter Koerte in…

2 hours ago