In a day marked by volatility, the benchmark Sensex faced a decline of 143 points on Thursday, closing at 64,832.20, driven by continued foreign fund outflows and mixed global market trends. The 30-share BSE Sensex experienced fluctuations throughout the trading session, falling 0.22%, or 143.41 points. At the intraday low, it fell 0.31%, or 206.85 points, to 64,768.76. Similarly, the Nifty saw a decline of 0.25%, lost 48.20 points to settle at 19,395.30.
Among the Sensex constituents, Hindustan Unilever, Tech Mahindra, Infosys, Reliance Industries, Bajaj Finance, Tata Consultancy Services, Titan, and UltraTech Cement were among the major laggards. On the flip side, Mahindra & Mahindra, Power Grid, IndusInd Bank, Tata Motors, Larsen & Toubro, and Maruti were among the gainers.
In the wider global context, Asian markets presented a mixed close, with Seoul, Tokyo, and Shanghai settling in positive territory, while Hong Kong ended on a lower note. European markets showed mostly positive trends, in contrast to a mixed close in US markets on Wednesday.
Commenting on the situation, Vinod Nair, Head of Research at Geojit Financial Services, said, “Reflecting the mixed global sentiment, the Indian market has entered a range trend and the Nifty index is unable to break above the key level of 19,500. . Selling by FIIs has eased but inflows are still easing on concerns of rising interest rate and global slowdown.”
In the previous trading day the benchmark BSE advanced 0.05%, gaining 33.21 points to settle at 64,975.61, while the broader Nifty gained 0.19%, adding 36.80 points to settle at 19,443.50. A sensitive balance of domestic and international factors continues to influence market movements, contributing to its current range-bound trajectory.
Sector trends
Sectoral trends were mixed, with real estate and auto indices rising 1% and information technology, FMCG, and oil and gas indices declining 0.5%.
Also read | SEBI streamlines the process for investors to access unclaimed funds in REITs, InvITs, and debt securities
Latest Business News
Denial of responsibility! vismuseum.org.in is an automatic aggregator around the global media. All the content are available free on Internet. We have just arranged it in one platform for educational purpose only. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials on our website, please contact us by email – at loginhelponline@gmail.com The content will be deleted within 24 hours.