Sensex falls 150 points on foreign fund outflows in early trade
.jpg)
The BSE benchmark Sensex on Tuesday plunged over 150 points to slip below the 39,000-mark in early trade amid capital outflows by foreign funds and mixed global cues.
However, a strengthening rupee and global crude oil prices restricted further losses in equity markets, brokers said. The 30-share index dropped 154.60 points, or 0.40%, to 38,912.73 in early morning trade, after touching a high of 39,068.67. Similarly, the NSE Nifty declined by 19.75 points, or 0.44%, to 11,703.30.
Top losers in the Sensex pack include Yes Bank, IndusInd Bank, Sun Pharma, HeroMoto Corp, and Maruti. On the other hand, the gainers in the lot include HCL Tech, HDFC Bank, Asian Paints, Infosys, Hindustan Uniliver, Axis Bank and ONGC.
On Friday, the Sensex closed 336.47 points, or 0.87%, higher at 39,067.33. The NSE Nifty too ended 112.85 points, or 0.97%, up at 11,754.65. Domestic equity markets were closed on Monday due to elections in Mumbai.
Meanwhile, Chinese manufacturing sector index fell in April to 50.1, compared to 50.5 in previous month, according to the data released by the National Statistics Bureau. The U.S. equity indices touched a record high on Monday on strong gross domestic product data, which grew at 3.2% in January-March period this year.
Foreign institutional investors (FIIs) emerged as net sellers in the capital markets on Friday, pulling out ₹70.73 crore, while domestic institutional investors (DIIs) bought shares to the tune of ₹920.88 crore. The rupee appreciated by 32 paise to 69.70 against the U.S. dollar in opening trade on Tuesday.
Brent crude futures, the global oil benchmark, fell 0.22% to trade at $71.88 per barrel.
Elsewhere in Asia, benchmark equity indices in Tokyo and Seoul were trading lower, while Shanghai index surged higher. Investors remained cautious over U.S. Federal Reserve policy decision due on Wednesday.
Other Latest News
.webp)
At least nine people were burnt alive and 15 injured when a moving bus caught fire near Tauru in Haryana's Nuh district in the early hours of Saturday, police said.
The incident occurred around 2 am on the Kundli-Manesar-Palwal (KMP) Expressway. The bus was carrying around 60 people, all residents of Punjab's Hoshiarpur and Ludhiana, who were returning from pilgrim towns of Mathura and Vrindavan. All of them are relatives, police said.
.webp)
Softbank-backed OYO is set to refile its much-awaited IPO as the global travel tech player is close to finalising its refinancing plans to raise up to $450 million via sale of dollar bonds, sources said.
JP Morgan is the likely lead banker for the refinancing through the sale of dollar bonds at an estimated interest rate of 9 to 10 per cent per annum, a source said.
.webp)
The national capital on Saturday morning recorded a minimum temperature of 27.1 degrees Celsius, 0.6 notch above the season's average, according to the India Meteorological Department (IMD).
On Friday, Delhi witnessed 47.4 degrees Celsius in Najafgarh, making it the hottest place in the country.
.webp)
Shareholders in Nestle India have rejected a company proposal to increase royalty payments to its Swiss parent Nestle, the company said late on Friday.
The motion called for the royalty paid to its parent to climb to 5.25 per cent of net sales, net of taxes, compared to the current level of 4.5 per cent. The increase was proposed at a rate of 0.15 per cent per annum.
.webp)
Shares of Zee Entertainment soared up to 5.2 per cent at Rs 141.65 per share on the BSE in Saturday’s intraday trade. The hike in the stock prices came after the company delivered a turnaround in quarterly growth for the January-March quarter of fiscal year 2023-24 (Q4FY24).
In the March quarter, the company reported a consolidated net profit of Rs 13.35 crore, marking a reversal from a consolidated net loss of Rs 196.03 crore in the same period of the previous fiscal year.
.webp)
.webp)
.webp)
.webp)
.webp)
