+

Cookies on the Business Insider India website

Business Insider India has updated its Privacy and Cookie policy. We use cookies to ensure that we give you the better experience on our website. If you continue without changing your settings, we\'ll assume that you are happy to receive all cookies on the Business Insider India website. However, you can change your cookie setting at any time by clicking on our Cookie Policy at any time. You can also see our Privacy Policy.

Close
HomeQuizzoneWhatsappShare Flash Reads
 

Markets halt 4-day rally on weak global trends, foreign fund outflows

Oct 20, 2022, 10:23 IST
PTI
Equity benchmark indices began the trade on a bearish note on Thursday halting their four-day rally following weak global market trends and continuous foreign fund outflow.
Advertisement

The 30-share BSE Sensex declined 315.91 points to 58,791.28 in early trade. Similarly, the broader NSE Nifty fell 90.2 points to 17,422.05.

From the Sensex pack, IndusInd Bank, Titan, Mahindra & Mahindra, NTPC, ICICI Bank, HDFC Bank, HDFC and Maruti were the biggest laggards in early trade.

Nestle, Reliance Industries, ITC and Hindustan Unilever were among the winners.

Among other Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.

Advertisement

Wall Street ended in the negative territory on Wednesday.

The BSE benchmark climbed 146.59 points or 0.25 per cent to settle at 59,107.19 on Wednesday. The Nifty advanced 25.30 points or 0.14 per cent to end at 17,512.25.

International oil benchmark Brent crude was trading 0.17 per cent lower at USD 92.25 per barrel.

Foreign institutional investors (FIIs) were net sellers in the capital market on Wednesday as they offloaded shares worth Rs 453.91 crore, as per exchange data.

SEE ALSO: Tracxn Technologies lists at 3.7% premium
Moderating FPI outflows suggest QT cycle could be peaking says report
Advertisement
You are subscribed to notifications!
Looks like you've blocked notifications!
Next Article