Equity Indices Decline Amid Global Weakness and Foreign Fund Outflows

10 Nov 2023 , 01:22 PM

Benchmark indices witness early trade decline on Friday, influenced by global market trends and continuous foreign fund outflows.

Sensex records a marginal increase, trading at Rs 64,850, up by 0.03% from the previous day’s close. Nifty stands at Rs 19,406, marking a 0.06% increase compared to the previous day.

Major Sensex laggards include Titan, Mahindra & Mahindra, IndusInd Bank, Asian Paints, Tata Steel, Maruti, Tata Motors, and Nestle. Bajaj Finance, Power Grid, Tech Mahindra, and NTPC show gains.

Asian markets, including Seoul, Tokyo, Shanghai, and Hong Kong, trade in negative territory. US markets end lower on Thursday, contributing to the overall global weakness.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,712.33 crore on Thursday. Global oil benchmark Brent crude rises by 0.34%, reaching USD 80.28 per barrel.

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