Friday, Sep 5, 2025
English News
  • Hyderabad
  • Telangana
  • AP News
  • India
  • World
  • Entertainment
  • Sport
  • Science and Tech
  • Business
  • Rewind
  • ...
    • NRI
    • View Point
    • cartoon
    • My Space
    • Olympics
    • Education Today
    • Reviews
    • Property
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • My Space
  • Reviews
  • Education Today
  • Property
  • Lifestyle
Home | Business | Markets Pare Early Gains Trade Lower Amid Continuous Foreign Fund Outflows

Markets pare early gains; trade lower amid continuous foreign fund outflows

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 495.17 crore on Tuesday, according to exchange data.

By PTI
Published Date - 23 August 2023, 10:22 AM
Markets pare early gains; trade lower amid continuous foreign fund outflows
whatsapp facebook twitter telegram

Mumbai: Equity benchmark indices began the trade on a bright note on Wednesday but later pared their gains to quote lower amid mixed global market trends and continuous foreign fund outflows.

The BSE Sensex climbed 216.07 points to 65,436.10 in early trade. The NSE Nifty gained 53.75 points to 19,450.20.

Also Read

  • Rupee rises 19 paise to close at 82.94 against US dollar
  • Rupee rises 7 paise against US dollar in early trade

Later both the benchmark indices pared their early gains and were trading in the negative territory. The BSE benchmark quoted 76.55 points lower at 65,143.48 and the Nifty traded at 19,376.35, down 20.10 points.

From the Sensex pack, Tata Steel, Axis Bank, JSW Steel, Infosys, Tata Consultancy Services, Reliance Industries, UltraTech Cement and NTPC were the major gainers.

Jio Financial Services, Bharti Airtel, ITC, Kotak Mahindra Bank, IndusInd Bank and Mahindra & Mahindra were among the laggards.

In Asian markets, Tokyo and Hong Kong were quoting in the green while Seoul and Shanghai traded lower.

The US markets ended on a mixed note on Tuesday.

“There are no immediate triggers which can take the market sharply up or down. Investors may wait and watch for new data expected this weekend from the US. Since the dollar index and the US bond yields remain high, FIIs will not be strong buyers in the market,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Global oil benchmark Brent crude gained 0.15 per cent to USD 84.16 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 495.17 crore on Tuesday, according to exchange data.

The BSE benchmark had eked out a marginal gain of 3.94 points or 0.01 per cent to settle at 65,220.03 on Tuesday. The Nifty inched up 2.85 points or 0.01 per cent to settle at 19,396.45.

  • Follow Us :
  • Tags
  • Bharti Airtel
  • FIIs
  • Hong Kong
  • NSE

Related News

  • Mcap of 8 of top-10 most valued firms jumps Rs 1.72 lakh cr; Reliance biggest winner

    Mcap of 8 of top-10 most valued firms jumps Rs 1.72 lakh cr; Reliance biggest winner

  • Hyderabad cybercrime police bust Rs 1 crore online fraud gang

    Hyderabad cybercrime police bust Rs 1 crore online fraud gang

  • Dhanush Srikanth seals spot for Deaflympics 2025

    Dhanush Srikanth seals spot for Deaflympics 2025

  • Highway Infrastructure shares jump over 67 pc in market debut trade

    Highway Infrastructure shares jump over 67 pc in market debut trade

Latest News

  • Hyderabad Pickleball League: Saina joins Keerthi Warriors as co-owner

    4 hours ago
  • Hyderabad sports roundup: Snehit, Sreeja for Asian Table Tennis

    4 hours ago
  • Doubles shuttler Jwala Gutta distributes kit to Telangana fencing squad members

    5 hours ago
  • Mahadev crushes Mayura as Preethesh hits unbeaten 148 in HCA C-Division championship

    5 hours ago
  • Yuvraj launches innovative multi-city Indian Golf Premier League

    5 hours ago
  • The Gambits, a documentary on Global Chess League

    5 hours ago
  • Traffic curbs in Hyderabad for Ganesh idol immersion on Saturday

    5 hours ago
  • 10 indian boxers get bye in first round of World Boxing Championships

    5 hours ago

company

  • Home
  • About Us
  • Contact Us
  • Privacy Policy

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

  • Telangana Today Telangana Today
Telangana Today Telangana Today

© Copyrights 2024 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam