Categories: Business

Sensex Slides After Touching An All-Time High In Early Trade; Nifty Falls Roughly 50 Points

Benchmark indices Sensex and Nifty fell in early trade on Thursday, mirroring negative trends in Asian markets and foreign fund outflows.

The 30-share BSE Sensex dipped 149.41 points to 78,524.84, after setting a fresh all-time high of 78,771.64 in early trading. The Nifty dropped 47.45 points to 23,821.35.

Havells India, PNB, Godrej Consumer, Mahindra & Mahindra, Maruti Suzuki, HCL Technologies, Tech Mahindra, Eicher Motors, Coal India, and Apollo Hospitals were the top laggards.

Among the gainers were UltraTech Cement, Grasim Industries, Dr reddy’s Labs, RECL, JSW Steel, SRF, Bajaj Holdings, Ambuja Cements, Shree Cement, and Colgate-Palmolive.

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

US markets closed higher on Wednesday.

European markets ended lower on Wednesday.

According to exchange data, Foreign Institutional Investors (FIIs) sold equities worth Rs 3,535.43 crore on Wednesday.

Brent crude lost 0.21 percent to USD 85.07 per barrel.

On Wednesday, the Sensex soared 620.73 points or 0.80 percent to 78,674.25, while the Nifty advanced 147.50 points or 0.62 percent to 23,889.90.

Also read: Israel To Roll Out Plan To Replace Hamas Government In Gaza

Spriha Rai

Recent Posts

JP Nadda Slams Rahul Gandhi’s ‘Match-Fixing’ Claims As ‘Desperation Of Losing’ Polls

Rahul Gandhi's opinion piece appeared in a national daily and sparked political uproar. Opposition parties…

9 hours ago

Poverty In India Reduced Via Tangible Boost In Household Living Standards, Incomes

In 2022–23, poverty under the revised $3.00 line stood at just 5.25 per cent in…

10 hours ago

Chhattisgarh: Seven Maoists Killed In Indravati National Park Operation

Five Maoists were killed in two separate encounters with security forces in Chhattisgarh’s Bijapur district,…

10 hours ago

Carney Invites Modi To G7 Summit, Highlights India’s Global Supply Chain Role

Canadian Prime Minister Mark Carney said the most populous country, with the fifth-largest economy, must…

11 hours ago

RBI Frontloads Rate Cuts To Boost Growth Amid Low Inflation: Crisil

The Reserve Bank of India (RBI) has frontloaded its rate cuts to support economic growth,…

11 hours ago

PM Modi Urges Global Action On Coastal Resilience At Nice Summit

PM Narendra Modi on Saturday called for urgent global action to build infrastructure that can…

11 hours ago