Share Market: Stock market index declines after early trade gain

Mumbai Domestic equity markets opened with gains in early trade on Friday amid continued capital inflows from foreign institutional investors and a positive trend in global equity markets, but later lost ground and showed volatility in the indices.

The 30-share BSE benchmark Sensex opened higher by 205.08 points at 61,636.82 in early trade and the National Stock Exchange’s Nifty also gained 56.2 points to open at 18,186.15. However, later both the indices turned volatile and declined. The Sensex fell 48.29 points to 61,383.45 and the Nifty fell 28.30 to 18,101.65.

State Bank of India, Infosys, HCL Technologies, Tech Mahindra, Axis Bank, Wipro, ICICI Bank, Power Grid, Kotak Mahindra Bank and Mahindra & Mahindra were among the major gainers on the Sensex. On the other hand, ITC was among the losers. Shares of NTPC, Titan, Larsen & Toubro, Maruti and Tata Motors were included.

In other markets in Asia, South Korea’s Cospi, Japan’s Nikkei, China’s Shanghai Composite index were in profit, while Hong Kong’s Hangseng saw a decline. The US market was on a strong note on Thursday. According to the stock market data, foreign institutional Investors remained busy and bought shares worth Rs 970.18 crore on Thursday.

PC:Aaj Tak

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