Benchmark indices Sensex and Nifty slipped in early trade amid foreign fund outflows, low holiday volumes and weak cues. Investor sentiment remained fragile despite selective buying, as markets consolidated in the absence of major domestic or global triggers
Sensex and Nifty recovered from early losses in late morning trade, led by banking and auto stocks. Kotak Mahindra, HDFC Bank, and Reliance gained, while FIIs sold equities. US Fed rate cut had limited impact on Indian markets
The 30-share BSE Sensex dropped 130.24 points to 82,949.42, while the NSE Nifty fell 37.75 points to 25,380.80. Tech Mahindra, Infosys, TCS, HCL Technologies, Asian Paints, and Sun Pharma were the top losers among the 30 Sensex firms.
The 30-share BSE Sensex fell for the third consecutive day, dropping 233.98 points to 81,967.18 in early trade. The NSE Nifty decreased by 60 points to 25,085.10. Major laggards among the Sensex firms included State Bank of India, UltraTech Cement, Reliance Industries, NTPC, ICICI Bank, and Titan.
Accordingly, market watchers, said that the upswing seen late on last Friday on account of rejig in international index weights might not sustain in the coming week.
