Impact of ongoing tension in West Asia on business, fall in domestic stock markets, Sensex-Nifty opened in the red.
Mumbai. Sensex and Nifty fell in early trade on Wednesday after a day’s respite amid ongoing tension in West Asia and continued outflow of foreign capital. BSE Sensex fell 96.12 points to 78,109.86 in early trade while NSE Nifty slipped 22.95 points to 24,238.65. Among the 30 companies included in the Sensex, shares of Kotak Mahindra Bank, ICICI Bank, Axis Bank, HDFC Bank, Hindustan Unilever and Bajaj Finserv were the biggest losers.
Whereas shares of InterGlobe Aviation, Adani Ports, Tata Steel and NTPC registered a rise. In Asian markets, South Korea’s Kospi rose more than three percent while Japan’s Nikkei 225 gained 2.5 percent. China’s SSE Composite and Hong Kong’s Hang Seng index also remained in the positive zone. US markets closed flat on Tuesday.
The price of international standard Brent crude fell by 0.38 percent to $ 87.47 per barrel. According to stock market data, foreign institutional investors (FIIs) were on the losing side on Tuesday and sold shares worth Rs 4,672.64 crore. On the other hand, domestic institutional investors (DIIs) bought shares worth Rs 6,333.26 crore.
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