Sensex, Nifty start on weak note amid sustained FII outflow

Sensex and Nifty opened on a rough note on Friday tracking muted global cues.

Domestic share market benchmarks Bombay Stock Exchange Sensex and Nifty 50 opened on a rough note on Friday amid sustained foreign fund outflow and a mixed trend in Asian peers.


BSE Sensex started on a slightly positive note but soon turned red to trade 46.89 points or 0.09 per cent lower at 52,302 in early deals. While, the Nifty 50 was lower by 0.06 per cent or 9.40 points at 15,670.


Adani Ports was the top gainer in BSE Sensex, up 1.50 per cent followed by Divis Labs, Coal India, ICICI Bank, IOC, Reliance Industries, ONGC, UPL, Titan Company, Tata Consumer Products, M&M, Bajaj Finance, Grasim, IndusInd Bank and NTPC were among the other gainers.


TCS was the top loser in the BSE Sensex , dropping over 1 per cent followed by Tata Steel, Infosys, Gland Pharma, JSW Steel, Tata Motors, HUL, Tech Mahindra, Bajaj Finserv, SBI Life Insurance, HCL Tech, Power Grid Corp were among the other laggards in the Nifty.


In the last session, BSE Sensex ended 0.31 per cent lower at 52,318, and Nifty inched 0.26 per cent down to 15,680.


Foreign institutional investors (FIIs) were net sellers in the capital market as they palm off shares worth Rs 1,245 crore on Thursday as per provisional exchange data.


On the global side, equity benchmarks in Asia bourses in Shanghai and Hong Kong were trading red in the mid-session deals while Seoul and Tokyo were trading with gains.

 

India Scanner News Network

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