Flat start in stock market; Sensex slips up 100 points, Nifty below 25000
New Delhi| Major indices of the domestic stock market Sensex and Nifty rose in early trade on Thursday, but soon the market weakened due to continuous withdrawal of foreign capital and the indices started trading with a decline.
The 30-share BSE Sensex rose 280.04 points to 81,781.40 in early trade and the NSE Nifty rose 58.2 points to 25,029.50. However, later both the indices weakened and were seen trading on the red mark.
Sensex fell by 210.87 points at 81,265.97 and Nifty slipped by 116.15 points to reach 24,848.25 points. Of the 30 Sensex-listed companies, shares of Infosys, State Bank of India, Larsen & Toubro, Reliance Industries, Sun Pharma and Tata Consultancy Services gained the most. Selling was seen in shares of Mahindra & Mahindra, Maruti, Axis Bank and HDFC Bank.
In Asian markets, South Korea’s Kospi and Japan’s Nikkei 225 showed a decline, while China’s Shanghai Composite and Hong Kong’s Hang Seng showed gains. American markets closed with a positive trend on Wednesday.
International standard Brent crude was up 0.28 percent at $74.43 a barrel. Foreign institutional investors (FIIs) were net sellers on Wednesday and sold shares worth a net Rs 3,435.94 crore, according to stock market data.
