The Sensex opened on a positive note at 82,335.94 and climbed to a day’s high of 82,516.27 in early trade. However, profit-booking at higher levels dragged the index into negative territory, with the 30-share index trading at 82,004.01 around midday, down 303.36 points or 0.37 per cent
Sensex and Nifty gave up early gains to trade flat on Friday, as worries over sustained foreign institutional investor outflows overshadowed relief from easing geopolitical concerns.
The Sensex opened on a positive note at 82,335.94 and climbed to a day’s high of 82,516.27 in early trade. However, profit-booking at higher levels dragged the index into negative territory, with the 30-share index trading at 82,004.01 around midday, down 303.36 points or 0.37 per cent.
Similarly, Nifty50 also pared gains, slipping to 25,190.95, down 98.95 points or 0.39 per cent, after moving between a high of 25,347.95 and a low of 25,190.95.
The market decline was largely driven by continued selling from foreign investors, who have offloaded equities for the 13th consecutive session in January. Early profit-booking at higher levels, weak corporate earnings from select companies, and rising global crude oil prices further dampened investor sentiment, putting pressure on benchmark indices.
Among Nifty, Eternal, InterGlobe Aviation, and SBI Life Insurance were the major laggards, falling up to 3 per cent, while Dr. Reddy’s Laboratories and Hindalco Industries advanced by up to 3 per cent. Market breadth remained negative, with 1,630 shares advancing, 1,729 declining, and 165 unchanged on the NSE.
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