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INDIA-STOCKS-MARKETS
Sensex, Nifty start on a tepid note
Mumbai, May 16, 2019 (BSS/PTI) Domestic equity benchmarks BSE Sensex and
NSE Nifty started on a tepid note Thursday tracking mixed cues from global
markets amid sustained foreign fund outflows.
The 30-share index was trading 8.25 points, or 0.02 per cent, higher at
37,123.13. The broader NSE Nifty was also trading 2.05 points, or 0.02 per
cent, up at 11,159.05.
In the previous session on Wednesday, the BSE bourse settled 203.65 points,
or 0.55 per cent, lower at 37,114.88; and the Nifty shed 65.05 points, or
0.58 per cent, to settle at 11,157.
Top gainers in the Sensex pack include Tata Motors, Vedanta, Infosys, Bajaj
Finance, PowerGrid, Yes Bank, Axis Bank, Reliance Industries, ICICI bank,
NTPC, Tata Steel, Hero MotoCorp, HUL, HCL Tech and Asian Paints, rising up to
3.39 per cent.
On the other hand, Kotak Bank, M&M, L&T, IndusInd Bank, Coal India ITC and
HDFC twins fell up to 0.71 per cent.
According to traders, sustained foreign fund outflow kept weighing on
investor sentiment here.
Foreign institutional investors (FIIs) sold equity worth Rs 1,142.44 crore
on Wednesday, while domestic institutional investors (DIIs) purchased shares
to the tune of Rs 671.77 crore, provisional data available with stock
exchanges showed.
A mixed trend in global equities too kept market mood subdued on Dalal
Street, traders said.
Bourses in China, Japan and Korea were trading on a mixed note in their
respective early sessions; while, Wall Street indices ended in the green on
Wednesday.
On the currency front, rupee appreciated marginally to 70.31 against the US
dollar in early trade.
Brent crude futures, the global oil benchmark, were trading 0.56 per cent
higher at USD 72.17 per barrel.
BSS/PTI/HR/1050