Flat start in stock market; Sensex slips after rising 100 points, Nifty below 25000
Sensex Opening Bell: The 30-share BSE Sensex rose 280.04 points to 81,781.40 points in early trade and the NSE Nifty rose 58.2 points to 25,029.50 points. However, later both the indices weakened and were seen trading in the red.
Major domestic stock market indices, Sensex and Nifty made a higher opening early Thursday morning but soon the market weakened due to continued foreign capital outflow, and the indices began trading in the red.
In the early trading, the 30-share BSE Sensex gained 280.04 points to 81,781.40 points and the NSE Nifty advanced 58.2 points to 25,029.50 points, but later both the indices weakened to be seen trading in red.
While the Sensex declined 210.87 points to 81,265.97, the Nifty lost 116.15 points to 24,848.25. Infosys, State Bank of India, Larsen & Toubro, Reliance Industries, Sun Pharma, and Tata Consultancy Services were the biggest Sensex gainers among the 30 companies on the list. Mahindra & Mahindra, Maruti, Axis Bank, and HDFC Bank were the stocks that witnessed heavy selling.
Asian markets experienced increases in China's Shanghai Composite and Hong Kong's Hang Seng but declines in South Korea's Kospi and Japan's Nikkei 225. On Wednesday, US markets concluded on a strong note.
At $74.43 a barrel, international standard Brent crude saw a 0.28 percent increase. Foreign institutional investors (FIIs) sold shares worth Rs 3,435.94 crore on Wednesday, according to stock market data, making them net sellers.
