The BSE Sensex declined 225.17 points to 79,707.66 in early trade. The NSE Nifty fell by 60.85 points to 24,280. File
| Photo Credit: The Hindu

Benchmark equity indices Sensex and Nifty fell in early trade on Thursday (October 31, 2024), dragged down by IT stocks and relentless foreign fund outflows.

The BSE Sensex declined 225.17 points to 79,707.66 in early trade. The NSE Nifty fell by 60.85 points to 24,280.

From the 30-share Sensex pack, Tech Mahindra, Tata Consultancy Services, Infosys, HCL Technologies, Titan, Maruti Suzuki and UltraTech Cement were the biggest laggards.

In contrast, Larsen & Toubro jumped over 5% after the infrastructure major posted a 5% rise in consolidated profit after tax to ₹3,395 crore in the September 2024 quarter on account of higher income.

Sun Pharma, Axis Bank, Tata Steel and State Bank of India were also among the gainers.

Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday (October 30, 2024), as they offloaded shares worth ₹4,613.65 crore, according to exchange data.

In Asian markets, Seoul and Tokyo were trading lower while Shanghai and Hong Kong were quoted in the green.

The U.S. markets ended in negative territory on Wednesday (October 30, 2024).

“This Diwali, it is unlikely to see fireworks in the market. India has been underperforming in October, with the Nifty down 5.7% when markets in the U.S. and Japan have delivered positive returns and China and Hong Kong have hugely outperformed.

“India’s underperformance is driven by lofty valuations, relentless FII selling and concerns over slowing earnings growth. In the near term, this scenario is unlikely to change, reversing the trend decisively, even though mild pullbacks are possible,” V.K. Vijayakumar, Chief Investment Strategist, Geojit Financial Services, said.

Global oil benchmark Brent crude climbed 0.48% to $72.90 a barrel.

The BSE benchmark Sensex tumbled 426.85 points or 0.53%, to settle at 79,942.18 on Wednesday (October 30, 2024). The Nifty dropped 126 points or 0.51%, to 24,340.85.

Unabated buying by domestic institutional investors (DIIs) also helped in the rebound, traders said. File
| Photo Credit: Vivek Bendre

Rising for the second straight session, equity benchmark indices Sensex and Nifty closed higher on Tuesday (October 29, 2024), helped by fag-end buying in banking counters and a firm trend in global markets.

The BSE Sensex climbed 363.99 points or 0.45% to settle at 80,369.03. Intra-day, it fell by 583.69 points to 79,421.35.

The NSE Nifty rose 127.70 points or 0.52% to 24,466.85.

Unabated buying by domestic institutional investors (DIIs) also helped in the rebound, traders said.

From the 30 Sensex pack, State Bank of India jumped 5%, followed by ICICI Bank, Bajaj Finserv, NTPC, Adani Ports, Bajaj Finance and Larsen & Toubro.

In contrast, Maruti, Tata Motors, Sun Pharma, Bharti Airtel, IndusInd Bank and Mahindra & Mahindra were among the laggards.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,228.08 crore on Monday (October 28, 2024), while DIIs bought equities worth ₹1,400.85 crore, according to exchange data.

In Asian markets, Seoul, Tokyo and Hong Kong settled in the green while Shanghai ended lower.

European markets were trading higher. The U.S. markets ended in positive territory on Monday (October 28, 2024).

Global oil benchmark Brent crude climbed 0.66% higher at $71.89 a barrel.

The BSE benchmark jumped 602.75 points or 0.76% to settle at 80,005.04 on Monday (October 28, 2024). The Nifty soared 158.35 points or 0.65% to 24,339.15.

People walk past the Bombay Stock Exchange (BSE) building, in Mumbai.
| Photo Credit: PTI

Equity benchmark indices fell in early trade on Tuesday (October 29, 2024) amid continuous foreign fund outflows from the capital markets and largely muted earnings from corporates so far.

The BSE Sensex declined 322.24 points to 79,682.80 during the initial trade. The NSE Nifty went lower by 86.55 points to 24,252.60.

From the 30 Sensex pack, Bharti Airtel fell by nearly 3% even as the company reported a 168% year-on-year rise in consolidated net profit to ₹3,593 crore for the September quarter.

Mahindra & Mahindra, Sun Pharma, Tata Motors, JSW Steel, Infosys and IndusInd Bank were also among the laggards.

NTPC, ICICI Bank, Larsen & Toubro and Nestle were the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹3,228.08 crore on Monday (October 28, 2024), according to exchange data.

“Caution prevails due to upcoming U.S. jobs data and the presidential election, alongside heavy FII outflows,” Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd., said.

In Asian markets, Seoul and Shanghai were quoting lower while Tokyo and Hong Kong traded in the green.

The U.S. markets ended in positive territory on Monday (October 28, 2024).

Global oil benchmark Brent crude traded 0.18% higher at $71.55 a barrel.

The BSE benchmark jumped 602.75 points or 0.76% to settle at 80,005.04 on Monday (October 28, 2024). The Nifty soared 158.35 points or 0.65% to 24,339.15.