Thursday saw a fall in equity markets, with Sensex falling 542.47 points and the Nifty down by 157.80 points, mostly due to foreign fund outflows and profit-taking in blue-chip stocks.
Despite the markets starting off with gains in the day, the 30-share BSE Sensex failed to carry forward the momentum, falling 542.47 points or 0.66 per cent to settle at 82,184.17. During the day, it tumbled 679.42 points, or 0.82 per cent, to 82,047.22.
The 50-share NSE Nifty dropped 157.80 points, or 0.63 per cent, to 25,062.10.
From the Sensex pack, Trent, Tech Mahindra, Bajaj Finserv, Reliance Industries, Infosys, Kotak Mahindra Bank, HCL Technologies, and NTPC were among the biggest laggards.
Also Read: Infosys reports 8.7 pc rise in June quarter
Infosys declined over 1 per cent amid profit-taking after its June earnings announcement.
The gainers of the day included Eternal, Tata Motors, Sun Pharma, Tata Steel, and Titan.
In Asian markets, it was a day of gains as South Korea’s Kospi, Japan’s Nikkei 225 index, Shanghai’s SSE Composite index and Hong Kong’s Hang Seng settled in the green.
European markets were also in the positive territory, as were the US markets, which ended higher on Wednesday.
With India and the UK announcing the signing of a landmark free trade agreement (FTA) on Thursday, investors felt encouraged by the potential boosting of bilateral trade between the two, which officials said would be around USD 34 billion annually. Tariffs will be cut on a range of products including British whiskey, cars, and some agri-products.
The deal was signed by India’s Commerce and Industry Minister, Piyush Goyal, and his British counterpart, Jonathan Reynolds, in the presence of Prime Minister Narendra Modi and his British counterpart, Keir Starmer.
The FTA is expected to benefit 99 per cent Indian exports as tariffs get slashed, making it easier for British firms to export a multitude of products to India, besides boosting the overall trade basket, according to Indian officials.
Foreign Institutional Investors (FIIs) offloaded equities worth ₹4,209.11 crore on Wednesday, according to exchange data. However, Domestic Institutional Investors (DIIs) bought stocks worth ₹4,358.52 crore in the previous trade.
Global oil benchmark Brent crude jumped 1.24 per cent to USD 69.36 a barrel.
On Wednesday, the Sensex jumped 539.83 points, or 0.66 per cent, to settle at 82,726.64. The Nifty gained 159 points or 0.63 per cent to settle at 25,219.90.
Follow us
