Markets decline in early trade on weak trends from Asian peers, foreign fund outflows
The Hindu
Equity markets decline as Sensex and Nifty fall, with foreign fund outflows and weak Asian market trends.
Equity benchmark indices Sensex and Nifty declined in early trade on Wednesday (August 21, 2024) amid continuous foreign fund outflows, weak trends from Asian markets and selling in banking stocks.
The 30-share BSE Sensex declined 138.58 points or 0.17% to 80,664.28 in early trade. The NSE Nifty snapped its four-day rally and slipped 15.20 points to 24,683.65.
From the 30 Sensex firms, UltraTech Cement, Kotak Mahindra Bank, Tech Mahindra, ICICI Bank, HDFC Bank, IndusInd Bank, Power Grid and Axis Bank were the laggards.
Larsen & Toubro, Bharti Airtel, Nestle India, Hindustan Unilever, Bajaj Finserv and Adani Ports were among the gainers.
In Asian markets, Tokyo, Shanghai, Hong Kong and Seoul were trading lower on Wednesday (August 21, 2024).
The US markets settled lower on Tuesday (August 20, 2024).
Foreign Institutional Investors (FIIs) again turned sellers on Tuesday (August 20, 2024) as they offloaded equities worth ₹1,457.96 crore, according to exchange data.
ICAI President Charanjot Singh Nanda highlights importance of tax audits, AI in accounting, and work-life balance for CAs.
RBI Bulletin highlights economic momentum, potential risks, and growth prospects for India amid global uncertainties.
Google opens Ananta, its largest office globally in Bengaluru, showcasing commitment to India's tech advancement and innovation.
Infosys denies using force in trainee layoffs, assures 20,000 freshers hiring, and cooperates with Labour Department.
Sensex and Nifty dip marginally as IT stocks drag, with Sensex closing at 75,967.39 and Nifty at 22,945.30.
Sensex and Nifty recover from early losses, driven by bank stocks and foreign fund inflows.
Tesla plans to open showrooms in New Delhi and Mumbai, moving closer to selling electric cars in India.
Bookings open for Toyota Land Cruiser 300 SUV with powerful twin-turbo V6 engine, luxury features, and off-road capability.
According to KASSIA, KIADB allocates plots at provisional rates and after allotment, the land rates are increased substantially on a regular basis.
Thinking Machines Lab by former OpenAI CTO Mira Murati has tapped about 30 leading researchers and engineers from OpenAI, Meta and Mistral.
India Justice Report 2025-26 reveals declining budget allocations for justice-related schemes, with underutilization of funds in recent years.
SEC seeks Indian assistance in investigating Adani Group for securities fraud and bribery scheme, ongoing efforts to serve complaint.
2025 TVS RONIN: Retro aesthetics meet cutting-edge technology with vibrant colors and enhanced safety features.