Mumbai. Domestic stock markets witnessed a decline in early trade on Thursday. BSE’s 30-share sensitive index Sensex opened with a gain of 235.57 points at 83,969.82 points, but later went into decline. At the time of writing, it was at 83,636.89 points, down 97.36 points (0.12 percent) compared to the previous trading day. Similarly, the Nifty-50 index of the National Stock Exchange opened 54 points higher at 25,873.35.
Sensex and Nifty started trading on a positive note on Thursday but soon fell due to selling pressure in services and consumer durables stocks. BSE Sensex rose 245.11 points or 0.29 per cent to 83,979.36 in early trade while NSE Nifty rose 65.95 points or 0.25 per cent to 25,885.30. Both markets, however, soon gave up their early gains. Sensex fell 131.07 points to trade at 83,603.18 points and Nifty slipped 30.70 points to trade at 25,788.65 points.
Among the 30 companies included in the Sensex, shares of IndiGo, Asian Paints, Adani Ports, Bharat Electronics Limited, ITC, Trent, Larsen & Toubro, Kotak Mahindra Bank, Axis Bank, PowerGrid, Reliance Industries and Bajaj Finance declined. On the other hand, shares of Infosys, HCL Technologies, Tata Consultancy Services, Tech Mahindra, Maruti Suzuki India, Hindustan Unilever, State Bank of India, Bharti Airtel and NTPC were among the gainers. In Asian markets, South Korea’s Kospi gained three percent and Japan’s Nikkei 225 gained nearly one percent.
Markets in Hong Kong and China were closed for Lunar New Year holidays. American stock markets closed with gains on Wednesday. The price of international standard Brent crude stood at $ 70.61 per barrel with an increase of 0.37 percent. According to stock market data, foreign institutional investors (FIIs) were buyers on Wednesday and bought shares worth Rs 1,154.34 crore. On the other hand, domestic institutional investors bought shares worth Rs 440.34 crore.
Comments are closed.