Markets decline in early trade amid foreign fund outflows


- Advertisement -

Equity benchmark indices fell in early trade on November 20, extending their previous day’s decline, amid fresh foreign fund outflows.

The 30-share BSE Sensex declined 97.18 points to 65,697.55 after a muted beginning. The Nifty slipped 15.3 points to 19,716.50.

Among the Sensex firms, Mahindra & Mahindra, Axis Bank, Kotak Mahindra Bank, Larsen & Toubro, Bajaj Finance and UltraTech Cement were the major laggards.

HCL Technologies, NTPC, Tech Mahindra, Infosys, State Bank of India and Power Grid were among the gainers.

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

The U.S. markets ended with marginal gains on Friday.

“The ongoing rally in the mother market US triggered by declining bond yields makes the market construct slightly favourable for the continuation of the rally in India, too. Like in cricket, there will be occasional set backs, but it is the long-term trend that matters in the market,” said V K Vijayakumar, Chief Investment Strategist, Geojit Financial Services.

Global oil benchmark Brent crude climbed 0.69% to $81.17 a barrel.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹477.76 crore on Friday, according to exchange data.

The BSE benchmark declined 187.75 points or 0.28% to settle at 65,794.73 on Friday. The Nifty slipped 33.40 points or 0.17% to 19,731.80.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by Metroclassify. Publisher:


Please enter your comment!
Please enter your name here

Share post:



More like this

Sebi Mulling Framework For Issuance Of Subordinate Units By REITs, InvITs To Sponsors

The Securities and Exchange Board of India (Sebi) has...

Weekly Horoscope, Dec 11 to Dec 17, 2023: Astrological Prediction for All Zodiac Signs

ARIESGanesha says this is a good week for you...

Leo, daily horoscope, December 11, 2023: Love and passion take center stage

For Leo on December 11, 2023, the day is...

Taurus daily horoscope, December 11, 2023: Embrace stability and growth

For Taurus on December 11, 2023, the day brings...
%d bloggers like this: