Image Source : PTI Stock markets replace — January 25
Stock markets replace: Equity benchmark indices tumbled in early commerce on Thursday amid weak traits in Asian markets and unabated overseas fund outflows. The 30-share BSE Sensex fell 227.72 factors to 70,832.59 in early commerce. Meanwhile, the Nifty declined 55.7 factors to 21,398.25.
Among the Sensex corporations, Tech Mahindra fell almost 4 per cent after the corporate on Wednesday reported a 60 per cent decline in internet revenue to Rs 510.4 crore within the December quarter.
HCL Technologies, Infosys, Wipro, Axis Bank, Tata Consultancy Services, HDFC Bank, ICICI Bank, and Kotak Mahindra Bank had been among the many different main laggards. IndusInd Bank, NTPC, Hindustan Unilever, and the State Bank of India had been among the many gainers.
Asian and US markets
In Asian markets, Shanghai and Hong Kong had been quoting within the optimistic territory whereas Seoul and Tokyo traded decrease. The US markets ended on a blended observe on Wednesday. Foreign Institutional Investors (FIIs) offloaded equities value Rs 6,934.93 crore on Wednesday, in line with change knowledge. Global oil benchmark Brent crude climbed 0.36 per cent to USD 80.33 a barrel.
Rupee opens on a flat observe
Meanwhile, the rupee opened on a flat observe towards the US greenback within the morning session on Thursday, amid a muted development in home equities. Forex merchants stated the rupee is buying and selling in a slim vary as rising crude oil costs, sturdy American foreign money, and sustained overseas fund outflows dented sentiments.
At the interbank overseas change, the rupee opened at 83.13 towards the greenback and touched an preliminary excessive of 83.11 and an early low of 83.14 towards the dollar.
(With PTI inputs)
ALSO READ: India overtakes Hong Kong to grow to be fourth-largest inventory market globally
Source: www.indiatvnews.com
