Sensex, Nifty Open Lower as Foreign Outflows Weigh on Investor Sentiment
Foreign investors sold Rs 10,148.41 crore in equities on Wednesday, while easing Brent crude prices helped limit early losses.
- Market benchmark indices Sensex and Nifty drifted lower on Thursday as relentless foreign fund outflows weighed on investor sentiment, though cooling crude oil prices cushioned the fall.
- Chief Investment Strategist Vijayakumar of Geojit Investments Limited noted intense FII selling over the last two sessions, warning that "FIIs may continue to sell" as 10-year bond yields rose to 5.3%.
- The 50-share NSE Nifty declined 0.42%, while the BSE Sensex dropped 0.07%, with major laggards including Mahindra, Maruti, UltraTech Cement, Bharat Electronics, Eternal, and Asian Paints.
- Brent, the global oil benchmark, traded 0.92% lower, easing below the USD 100 mark, which Hariselvan Radhakrishnan, Founder & CEO of HST Wealth, said offers relief amid recent price surges.
- Asian markets including South Korea's KOSPI and Japan's Nikkei quoted higher, even as the domestic market remains under pressure following the Nifty's steepest monthly fall recently.
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Stock markets decline in early trade
Mumbai: Market benchmark indices Sensex and Nifty drifted lower in early trade on Thursday, October 1, as relentless foreign fund outflows weighed on investors’ sentiment, although cooling crude oil prices that traded below the USD 100 per barrel mark cushioned the fall. The 30-share BSE Sensex declined 215 points to 72,257.30 in early trade. The … Get the latest updates in Hyderabad City News, Technology, Entertainment, Sports, Politics and Top…
Stock Markets Today: Sensex, Nifty Down on FII Outflow
Indian benchmark indices, Sensex and Nifty, experienced a decline in early trade due to relentless foreign institutional investor (FII) outflows, although a drop in crude oil prices below USD 100 per barrel provided some cushioning. Track Sensex, Nifty on October 1.
Sensex, Nifty open lower as FII selling offsets relief from softer crude
Indian benchmark indices opened lower on persistent foreign investor selling, even as crude oil eased. The move kept markets on course for an eighth straight weekly decline while volatility stayed elevated.
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