Indian equity indices rebounded after a three-day decline but later slipped into negative territory. Major gainers among Sensex firms included the State Bank of India, Bajaj Finserv, IndusInd Bank, Maruti, and Mahindra & Mahindra. Wipro, Power Grid, Titan, and Tata Steel were among the companies facing losses.
At the time of writing, Sensex was trading at 66317 (0.13%), and Nifty was trading at Rs 19,763 (0.11%)
Asian markets had mixed trends: Seoul and Tokyo were trading negatively, while Shanghai and Hong Kong were in the green. US markets closed in the negative on Thursday.
FIIs shifted from a ‘Buy India strategy’ to selling in September, amounting to Rs 16,934 crore. Brent crude, a global oil benchmark, rose by 0.53% to reach USD 93.79 a barrel. FIIs sold equities worth Rs 3,007.36 crore on Thursday.
India’s inclusion in JP Morgan’s emerging markets bond index was seen as a significant opportunity for global investors to participate in India’s fast-growing economy.
BSE benchmark fell by 570.60 points (0.85%) to settle at 66,230.24, and Nifty declined by 159.05 points (0.80%) to end at 19,742.35 on Thursday.
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