Markets open higher; turn volatile later on foreign fund outflows, weak global cues
The Hindu
Equity indices in Mumbai face volatility amid foreign fund outflows, monthly expiry, and weak global cues.
Equity benchmark indices Sensex and Nifty began the trade on a positive note on Thursday (February 27, 2025) but later faced volatile trends amid unabated foreign fund outflows, monthly derivatives expiry and weak global market cues.
The 30-share BSE benchmark Sensex climbed 231.97 points to 74,834.09 in early trade. The NSE Nifty went up by 65.75 points to 22,613.30.
Later, the indices faced volatile trends and were trading between highs and lows.
From the Sensex pack, Bajaj Finserv, Bajaj Finance, IndusInd Bank, Axis Bank, Nestle and Tata Steel were the biggest gainers.
UltraTech Cement, Mahindra & Mahindra, NTPC, HCL Tech, Tech Mahindra and Tata Motors were among the major laggards.
Foreign institutional investors (FIIs) offloaded equities worth ₹3,529.10 crore on Tuesday (February 25, 2025), according to exchange data.
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