Sensex, Nifty, Share Prices Highlights: Indian benchmark indices decline after a slightly positive start on Monday.
Benchmark stock indices Sensex and Nifty continued their decline on Monday owing to unabated foreign fund outflows, selling in IT stocks and weak leads from the US markets. The 30-share BSE Sensex dropped by 241.30 points or 0.31 per cent to settle at 77,339.01, registering its fourth day of decline. During the day, it fell 615.25 points or 0.79 per cent to 76,965.06. Falling for the seventh day in a row, the NSE Nifty dipped 78.90 points or 0.34 per cent to 23,453.80. From the 30-share Sensex pack, Tata Consultancy Services, Infosys, NTPC, HCL Technologies, Axis Bank, Tech Mahindra, Bajaj Finserv, Sun Pharma, IndusInd Bank and Reliance Industries were the major laggards. Tata Steel, Hindustan Unilever, Mahindra & Mahindra, Nestle and State Bank of India were among the gainers. FIIs offloaded equities worth ₹1,849.87 crore on Thursday, according to exchange data. Foreign investors have pulled out ₹22,420 crore from the Indian equity markets so far this month, owing to high domestic stock valuations, increasing allocations to China, and the rising US dollar as well as Treasury yields. With this sell-off, FPIs have recorded a total outflow of ₹15,827 crore in 2024 so far.
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