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 | Sensex Nifty Turn Flat Amid Weak Trend In Asian Markets

Sensex, Nifty turn flat amid weak trend in Asian markets

Later, both the benchmark indices faced volatility and were trading with marginal gains

By PTI
Updated On - 8 October 2024, 10:40 AM
Sensex, Nifty turn flat amid weak trend in Asian markets
whatsapp facebook twitter telegram

New Delhi: Equity benchmark indices turned flat after beginning the trade on a positive note early on Tuesday amid a weak trend in the Asian markets. The 30-share BSE Sensex climbed 128.88 points to 81,178.88 in early trade, while the NSE Nifty went up 43.35 points to 24,839.10.

Later, both the benchmark indices faced volatility and were trading with marginal gains. From the Sensex pack, Adani Ports & Special Economic Zones, NTPC, UltraTech Cements, Hindustan Unilever, HDFC Bank, State Bank of India, and Larsen & Toubro were among the major gainers.


Tata Steel, JSW Steel, Tata Motors, HCL Technologies, and Tata Consultancy Services were among the laggards. “Market has turned weak responding to negative cues from escalating geopolitical tensions in the Middle East, massive FPI selling and concerns surrounding the election results due on Monday,” VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,293.41 crore on Monday, while Domestic Institutional Investors (DIIs) bought equities worth Rs 13,245.12 crore, according to exchange data. The net FPI selling of Rs 50,011 crore during the last six trading sessions has been more than offset by the DII buying of Rs 53,203 crore, Vijayakumar said.

There are enough indicators to show that FPIs have been following a ‘Sell India, Buy China’ strategy. Elevated valuations in India and cheap valuations for Chinese stocks triggered this change in FPI strategy, he added.

In Asian markets, Tokyo, Hong Kong, Seoul are trading lower, while Shanghai is quoting in the green. The US markets ended in the negative territory on Monday. Global oil benchmark Brent Crude fell 1.42 per cent to USD 79.78 a barrel. On Monday, Brent Crude soared above USD 80 a barrel — its highest price since August.

  • Follow Us :
  • Tags
  • Adani Ports & Special Economic Zones
  • and Larsen & Toubro
  • BSE Sensex
  • Equity benchmark indices

Related News

  • GST Bonanza fuels stock markets rally; Sensex jumps nearly 900 points

    GST Bonanza fuels stock markets rally; Sensex jumps nearly 900 points

  • SBI cashier, manager among 44 arrested for diversion of gold, cash in Mancherial

    SBI cashier, manager among 44 arrested for diversion of gold, cash in Mancherial

  • Online betting with bank funds: Cashier held for Rs.13 crore fraud in Chennur

    Online betting with bank funds: Cashier held for Rs.13 crore fraud in Chennur

  • Sensex, Nifty rebound after two-day decline as investors eye value buying

    Sensex, Nifty rebound after two-day decline as investors eye value buying

Latest News

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

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

    5 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