Equity Indices Decline in Early Trade on Foreign Fund Outflows

9 Nov 2023 , 01:26 PM

Benchmark equity indices see early trade decline on Thursday, attributed to continuous foreign fund outflows and mixed global market trends. Sensex is trading at Rs 64,936, marking a 0.06% decrease from the previous day’s close.

Nifty is at Rs 19,439, reflecting a 0.02% dip from the previous day’s close. Major laggards among Sensex firms include Tech Mahindra, Reliance Industries, Hindustan Unilever, HDFC Bank, Infosys, and JSW Steel.

Gainers on the Sensex include Mahindra & Mahindra, ICICI Bank, Maruti, Wipro, Larsen & Toubro, and Tata Motors. In Asian markets, Seoul, Tokyo, and Shanghai exhibit positive trends, while Hong Kong shows a decline.

US markets closed with mixed results on Wednesday. The global oil benchmark of Brent crude rises by 0.23% to USD 79.72 a barrel. Foreign Institutional Investors (FIIs) sold equities worth Rs 84.55 crore on Wednesday, according to exchange data. 
 

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