Stock Market Today: Initial gains lost due to selling pressure by foreign investors, Sensex-Nifty fall amid fluctuations
Mumbai. Sensex and Nifty made a positive start on Friday but soon both fell due to selling by foreign institutional investors (FIIs). BSE Sensex opened at a high of 82,335.94 points and later touched a high of 82,516.27. However, it declined due to profit booking by investors.
By 10 am, the index fell 22.13 points or 0.03 per cent to 82,285.24. NSE Nifty fell marginally by 2.95 points or 0.01 per cent to 25,286.95. The index fluctuated between 25,347.95 and 25,249.10 points in the early session.
Among the 30 companies included in the Sensex, shares of Eternal, IndiGo, Adani Ports, Power Grid, ICICI Bank, Axis Bank, Bajaj Finserv, Larsen & Toubro, Titan, State Bank of India and Reliance Industries declined.
Whereas Asian Paints, Tata Consultancy Services, Hindustan Unilever, UltraTech Cement, Tech Mahindra, Tata Steel, Infosys, HCL Technologies, Bajaj Finance, NTPC and Mahindra & Mahindra were among the gainers. In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225, China’s SSE Composite and Hong Kong’s Hang Seng were in the lead. American stock markets closed with gains on Thursday.
The price of international standard Brent crude stood at $ 64.57 per barrel with an increase of 0.80 percent. According to stock market data, foreign institutional investors (FIIs) were sellers on Thursday and sold shares worth a net Rs 2,549.80 crore. On the other hand, domestic institutional investors (DIIs) bought shares worth Rs 4,222.98 crore.
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