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Friday, July 19, 2024

In early trading, the Sensex and Nifty fell due to poor Asian markets and outflows of foreign funds

<p>Alongside each other, the benchmark stock indexes Sensex and Nifty fell in early trading on Tuesday due to sluggish Asian markets and new outflows of foreign funds.</p>
<p><img decoding=”async” class=”alignnone wp-image-528741″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/03/theindiaprint.com-in-early-trading-the-sensex-and-nifty-fell-due-to-poor-asian-markets-and-outflows-.jpg” alt=”theindiaprint.com in early trading the sensex and nifty fell due to poor asian markets and outflows” width=”993″ height=”663″ title=”In early trading, the Sensex and Nifty fell due to poor Asian markets and outflows of foreign funds 3″></p>
<p>Ahead of this week’s US Federal Reserve interest rate announcement, investors also became more cautious.</p>
<p>The 30-share BSE Sensex opened weakly and fell 420.56 points to close at 72,327.86. At 21,929.35, the NSE Nifty had a 126.35 point loss.</p>
<p>The top losers from the Sensex basket were NTPC, Larsen & Toubro, Reliance Industries, Maruti Suzuki India, Nestle, Tata Consultancy Services, and Bajaj Finserv.</p>
<p>Among the winners were Bharti Airtel, JSW Steel, Bajaj Finance, and Tata Steel.</p>
<p>Hong Kong, Shanghai, Tokyo, Seoul, and other Asian markets were quoted lower.</p>
<p>On Monday, Wall Street concluded in positive territory.</p>
<p>According to exchange statistics, foreign institutional investors (FIIs) offloaded stocks on Monday worth Rs 2,051.09 crore.</p>
<p>The conclusion of the Fed meeting on March 20 will now command the attention of the markets, according to Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.</p>
<p>The benchmark for world oil, Brent crude, fell 0.14 percent to USD 86.77 a barrel.</p>
<p>On Monday, the 30-share BSE benchmark increased by 104.99 points, or 0.14 percent, to end the day at 72,748.42. At 22,055.70, the NSE Nifty increased by 32.35 points, or 0.15 percent.</p>

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