Sensex Slips on Foreign Fund Outflows - Market News
By Rediff Money Desk, Mumbai May 15, 2024 15:49
Indian stock markets ended lower on Wednesday, with the Sensex and Nifty dragged down by selling pressure in HDFC Bank and continued foreign fund outflows.
![Sensex Slips on Foreign Fund Outflows - Market News](https://im.rediff.com/money/2021/jan/11sensex.jpg)
Photograph: Utpal Sarkar / ANI Photo.
Mumbai, May 15 (PTI) Equity benchmark indices Sensex and Nifty ended lower on Wednesday after three days of rally, dragged down by selling pressure in HDFC Bank and unabated foreign fund outflows.
Halting its three-day rally, the 30-share BSE Sensex declined 117.58 points or 0.16 per cent to settle at 72,987.03. During the day, it lost 281.95 points or 0.38 per cent to 72,822.66.
The NSE Nifty dipped 17.30 points or 0.08 per cent to 22,200.55.
From the Sensex pack, Tata Motors, Asian Paints, HDFC Bank, JSW Steel, Hindustan Unilever, Nestle and Titan were the major laggards.
In contrast, Bharti Airtel, Power Grid, NTPC, Mahindra & Mahindra, Larsen & Toubro and HCL Technologies were among the major gainers.
In Asian markets, Tokyo settled in the positive territory while Shanghai ended lower. Markets in South Korea and Hong Kong were closed for a holiday.
European markets were trading mostly higher. Wall Street ended with gains on Tuesday.
Global oil benchmark Brent crude climbed 0.21 per cent to USD 82.55 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,065.52 crore on Tuesday, according to exchange data.
The BSE benchmark climbed 328.48 points or 0.45 per cent to settle at 73,104.61 on Tuesday. The NSE Nifty went up 113.80 points, or 0.51 per cent, to 22,217.85.
Halting its three-day rally, the 30-share BSE Sensex declined 117.58 points or 0.16 per cent to settle at 72,987.03. During the day, it lost 281.95 points or 0.38 per cent to 72,822.66.
The NSE Nifty dipped 17.30 points or 0.08 per cent to 22,200.55.
From the Sensex pack, Tata Motors, Asian Paints, HDFC Bank, JSW Steel, Hindustan Unilever, Nestle and Titan were the major laggards.
In contrast, Bharti Airtel, Power Grid, NTPC, Mahindra & Mahindra, Larsen & Toubro and HCL Technologies were among the major gainers.
In Asian markets, Tokyo settled in the positive territory while Shanghai ended lower. Markets in South Korea and Hong Kong were closed for a holiday.
European markets were trading mostly higher. Wall Street ended with gains on Tuesday.
Global oil benchmark Brent crude climbed 0.21 per cent to USD 82.55 a barrel.
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,065.52 crore on Tuesday, according to exchange data.
The BSE benchmark climbed 328.48 points or 0.45 per cent to settle at 73,104.61 on Tuesday. The NSE Nifty went up 113.80 points, or 0.51 per cent, to 22,217.85.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- GTL Infrastructure
- 2.93 ( -4.87)
- 226206286
- IFL Enterprises
- 1.30 (+ 4.84)
- 81461564
- Vodafone Idea L
- 16.79 (+ 0.66)
- 67447398
- NCL Research
- 0.95 ( -4.04)
- 31996628
- Franklin Industries
- 3.73 (+ 3.32)
- 21511209
MORE NEWS
![Navi Mumbai...](https://im.rediff.com/80-80/money/2021/jun/10navi-mumbai-airport7.jpg)
Navi Mumbai Airport ILS Signal Testing Begins
The Airports Authority of India (AAI) has begun ILS signal testing at the...
![Air India VRS for...](https://im.rediff.com/80-80/money/2020/sep/09tata-vistara-3.jpg)
Air India VRS for Non-Flying Staff Ahead of...
Air India has announced a voluntary retirement scheme (VRS) and voluntary separation...
Fisher Groups Oppose WTO Fisheries Subsidy Talks
Small-scale fisher groups from India, Indonesia, and Bangladesh demand WTO keep...