Markets turn volatile amid unabated foreign fund outflows, mixed trends from Asian peers
The Hindu
Equity markets fluctuate as Sensex and Nifty rise initially, then fall; global markets and oil prices also discussed.
Equity benchmark indices began the day on an optimistic note on Tuesday but soon turned volatile amid unabated foreign fund outflows and mixed trends from Asian markets.
The 30-share BSE benchmark Sensex climbed 192.03 points to 78,732.20 in early trade. The NSE Nifty went up 44.65 points to 23,798.10.
However, soon the benchmark indices pared most of the early gains and were quoting between highs and lows. The BSE benchmark gauge quoted 27.66 points lower at 78,538.95, while the Nifty traded 7 points up at 23,760.45.
From the 30 blue-chip stocks, Tata Consultancy Services, Tata Motors, Infosys, Nestle and HCL Tech were among the gainers.
Zomato, Tata Steel, Bharti Airtel, Bajaj Finance, HDFC Bank and Adani Ports were among the laggards.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 168.71 crore on Monday, according to exchange data.
In Asian markets, Shanghai and Hong Kong traded higher while Seoul and Tokyo were quoting in the negative territory.
Equity indices Sensex and Nifty close lower due to auto stocks, foreign fund outflows, and global market concerns.
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Equity indices decline due to foreign fund outflows, weak US markets, and tariff threats, impacting Sensex and Nifty.
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Benchmark indices Sensex and Nifty decline for third day due to tariff threats, weak Asian markets, and foreign fund outflows.
Rupee strengthens against the dollar, supported by weakening American currency, amid global economic uncertainties and foreign fund outflows.