Benchmark indices Sensex and Nifty ended with losses for the first time in six days as a selloff in the US markets overnight dented investor sentiment. US stocks fell after its economy grew at a slower pace in the first quarter but inflation remained stubbornly high, dimming optimism around 'soft landing. The Dow Jones fell 1 per cent on Thursday.
The 30-share BSE Sensex declined 609 points or 0.82 per cent to settle at 73,730.16. During intraday, it lost as much as 723 points or 0.97 per cent to 73,616.65. A positive opening in the European market and an uptick in the US futures market helped the domestic markets recoup some losses.
Rising global crude prices, a depreciating rupee and persistent foreign fund outflows further weighed on sentiment, traders said. Foreign portfolio investors (FPIs) sold shares worth ₹3,405 crore, while domestic institutions provided buying support to the tune of 4,357 crore.
The Nifty 50 index declined 150 points, or 0.67 per cent, to 22,420.
Despite Friday's losses, the BSE benchmark advanced 641.83 points or 0.87, and the NSE Nifty climbed 272.95 points or 1.23 per cent for the week.
Esta historia es de la edición April 27, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición April 27, 2024 de Business Standard.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 8500 revistas y periódicos.
Ya eres suscriptor? Conectar
Stagger FD investments to catch peak rates
While some portion of your money should go into longer-tenure FDs offering higher rates, diversifying across maturities is essential as well
BHEL slips 8% after below-par Q4 results
Earnings missed Street expectations
Sebi cracks the whip in Superior Finlease case
The Securities and Exchange Board of India (Sebi) has barred 17 entities and individuals from the securities market for five years and two others for three years each for allegedly operating a pump and dump scheme in Superior Finlease through misleading recommendations through Telegram Channels.
Higher output, reasonable valuations positive for ONGC
Upstream majors ONGC and Oil India (OIL) results for the January-March quarter (Q4) of FY24 suggest better production in future.
Rebalancing: Adani Enterprises likely to dislodge Wipro from Sensex
Adani Enterprises is expected to replace Wipro in the benchmark Sensex.
India's mcap to GDP ratio at 15-yr high of 140%
Current ratio a few notches below all-time high of 149.4%
Stock traders seek cues from poll shadow bets
Traders in the stock markets are turning to illegal election betting platforms for clues to combat the uncertainty facing citizens and markets alike regarding the outcome of a long general elections.
Healthcare sector most violative of norms: Asci
Most cases of advertisement violation of norms were reported from the health care sector during 2023-24, followed by illegal offshore betting and personal care categories, according to the Advertising Standards Council of India's (Asci's) Annual Complaints Report released on Wednesday.
Tackling congestion for growing population
Many a time we wonder: \"Are our cities truly prepared?\" This question weighs heavily Lon us as our population grows and our resources dwindle, leaving our cities ill-prepared for what lies ahead.
The East wind blows harder
The global power balance is shifting as China and Russia assert dominance in technology and diplomacy
