• Source:JND
Add as a preferred

Domestic benchmark indices - Sensex and Nifty- which had been on a losing streak for the past 2 days, recovered in early trade on Friday but soon succumbed to selling pressure as high foreign fund inflows spooked investors. The 30-share BSE benchmark Sensex rose 270.76 points to 77,890.97 in early trade, while NSE's Nifty surged 69.5 points to close at 23,596. However, both the benchmark indices soon fell into negative territory. At around 10:15 am, The Sensex was trading at 77,206.69, down 413.52 or 0.53%, while the Nifty 50 was trading below 23,400.

Meanwhile, TCS shares rose 4 per cent from the Sensex pack of 30 stocks after it reported an 11.95 per cent jump in net profit to Rs 12,380 crore for the December quarter. Tech Mahindra, HCL Tech, Infosys, HDFC Bank, Mahindra & Mahindra, and Nestle were among the top gainers in early trade. Zomato,  IndusInd Bank, State Bank of India, NTPC, Adani Ports and Power Grid were losers in the opening hour.

Foreign institutional investors (FIIs) sold shares worth Rs 7,170.87 crore on Thursday, exchange data showed. In Asian markets, Seoul traded in positive territory, while Tokyo, Shanghai and Hong Kong traded lower. Global oil benchmark Brent crude rose 0.30 per cent to $77.15 a barrel.

Falling for the second consecutive day on Thursday, the 30-share BSE benchmark fell 528.28 points, or 0.68 per cent, to 77,620.21, below the 78,000 level. The Nifty fell 162.45 points, or 0.69 per cent, to 77,620.21.

Also Read: ‘Happy To Make You Work On Sundays’: After Narayana Murthy, L&T Chief Backs 90-Hour Work Week