Indian Indices Slip Amid Mixed Global Trends and Foreign Outflows

23 Aug 2023 , 01:39 PM

In today’s trade, both benchmark indices witnessed a decline and entered negative territory, further revealing the day’s market dynamics. At the time of writing, the Sensex was observed at 65,159, indicating a marginal drop of 0.09% compared to the previous day’s closing figure. Concurrently, the Nifty was trading at 19,383.35, marking a slight 0.07% decline from the previous day’s closing position.

Among the noteworthy gainers, Sun TV Network soared by 4.82%, M&M Financial witnessed a rise of 2.63%, and CG Consumer showed an increase of 5.27%. However, some stocks faced losses, with Max Financial dipping by 1.73%, Torrent Pharma dropping by 1.49%, and Balrampur Chini sliding by 1.45%.

Several stocks achieved their 52-week high, including Poly Medicure at 6.10%, Linde India at 5.69%, Varroc Engineering at 4.98%, Suzlon Energy at 4.80%, and Easy Trip at 8.13%.

The global oil benchmark, Brent crude, managed a 0.15 % gain, reaching USD 84.16 per barrel. Foreign Institutional Investors (FIIs) exhibited a trend of offloading equities, amounting to Rs 495.17 crore on Tuesday, as per data from the exchange. In the currency realm, the Indian rupee showed a 6-paise decrease in its value against the USD during the day’s initial trading.

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