Markets decline in early trade on foreign fund outflows, global trade concerns

advertisement

Mumbai, Jun 3: Equity benchmark indices Sensex and Nifty declined in early trade on Tuesday amid uncertainty on the geopolitical and global trade front.

advertisement

Foreign fund outflows also weighed on investors’ sentiments.

The 30-share BSE Sensex declined 194.65 points to 81,179.10 in early trade. The NSE Nifty dipped 62.35 points to 24,654.25.

From the Sensex firms, Adani Ports, Larsen & Toubro, Bajaj Finance, ICICI Bank, Bharti Airtel and Hindustan Unilever were among the biggest laggards.

Eternal, Tata Steel, Mahindra & Mahindra and IndusInd Bank were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 2,589.47 crore on Monday, according to exchange data.

“With a lot of uncertainty in geopolitics, tariffs and trade, the market will continue to remain volatile. Therefore, investors may persist with the strategy of buying on dips,” V K Vijayakumar, Chief Investment Strategist, Geojit Investments Limited, said.

In Asian markets, South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng were trading in the positive territory.

US markets ended higher on Monday.

Global oil benchmark Brent crude climbed 0.57 per cent to USD 65 a barrel.

advertisement

After tumbling 796.75 points or 0.97 per cent to 80,654.26 in intra-day trade on Monday, the 30-share BSE Sensex witnessed volatile trends and later ended 77.26 points or 0.09 per cent lower at 81,373.75. The Nifty dipped 34.10 points or 0.14 per cent to settle at 24,716.60. (PTI)

advertisement

Hot this week

Pay hike of Assam ministers, MLAs likely as 3-member panel submits report

Full report likely by Oct 30 Guwahati Sept 25: There...

Meghalaya Biological Park Inaugurated After 25 Years: A New Chapter in Conservation and Education

Shillong, Nov 28: Though it took nearly 25 years...

ANSAM rejects Kuki’s separate administration demand, says bifurcation not acceptable

Guwahati, Sept 8: Rejecting the separate administration demand of...

Meghalaya man missing in Bangkok

Shillong, Jan 10: A 57-year-old Meghalaya resident, Mr. Treactchell...

Meghalaya’s historic fiber paves the way for eco-friendly products and sustainable livelihoods

By Roopak Goswami Shillong, Oct 25: From making earbuds to...

BJP slams Rahul over ‘abuses’ against PM

New Delhi/Patna, Aug 28: Alleging that abuses were hurled...

Sowjanya rape, murder case: Victim’s mother files fresh complaint before Dharmasthala SIT

Mangaluru (Karnataka), Aug 28: Kusumavati, mother of Sowjanya, a...

Excise revenue: Govt defers rollout of QR code system

Shillong, Aug 28: The state government has extended the...

‘Public support crucial to fight drug menace’

Shillong, Aug 28: Cabinet minister Kyrmen Shylla has asserted...

Mohan Bhagwat denies RSS role in picking BJP chief

New Delhi, Aug 28: RSS chief Mohan Bhagwat on...

Govt doing best to aid the flood-hit: Shylla

Shillong, Aug 28: Revenue and disaster management minister Kyrmen...

Three convicted in 2017 POCSO case

Shillong, Aug 28: The Ri Bhoi District Special Judge...
spot_img

Related Articles

Popular Categories