• Source:JND
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Stock Market: Key equity indices declined in early trade on Thursday on the back of IT stocks and unabated foreign capital outflows. The BSE Sensex was down 225.17 points at 79,707.66. The NSE Nifty fell 60.85 points to 24,280.

Tata Consultancy Services, Infosys, Tech Mahindra, Titan, HCL Technologies, Maruti Suzuki and Ultratech Cement are the top losers from the 30-share Sensex pack. In contrast, in the September quarter of 2024, the infrastructure major jumped more than 5 per cent on increased earnings of 5 per cent to Rs 3,395 crore.

It also acquired Sun Pharma, Tata Steel, Axis Bank, and State Bank of India. Foreign institutional investors turned net sellers in the capital markets on Wednesday as they offloaded shares worth Rs 4,613.65 crore, according to exchange data.

In Asian markets, Seoul and Tokyo are trading lower, while Shanghai and Hong Kong are in the green. U.S. markets ended in the negative territory on Wednesday.
Brent crude, the global benchmark, rose 0.48 per cent to US$72.90 a barrel. The BSE benchmark Sensex fell 426.85 points, or 0.53 per cent, to 79,942.18 on Wednesday. The Nifty fell 126 points, or 0.51 per cent, to 24,340.85.

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Rupees

The rupee, which began trading in a flat manner in early trade on Thursday, gained 1 paise to 84.07 against the U.S. dollar. Forex traders said the rupee remained within a narrow range as month-end demand supported the U.S. dollar bid. Furthermore, the muted trend in domestic equities weighed on the local units, while any intervention by the Reserve Bank of India could support the local currency at lower levels, they said.

In the interbank foreign exchange market, it opened at 84.08 against the greenback, up 1 paise from its previous close of 84.07.

Also Read: Stock Market: Sensex, Nifty Settle Lower On Weak Global Cues; ICICI Bank, Infosys Top Losers