Market starts on a tepid note amid weak global cues
Equity benchmarks BSE Sensex and NSE Nifty stared on a tepid note on Wednesday amid weak cues from global markets and foreign fund outflow.
The 30-share index was trading flat at 38,963.28 in morning trade, and the broader NSE Nifty slipped 3.40 points, or 0.02 per cent, to 11,584.95.Other losers in the Sensex pack included Yes Bank, Tata Motors, IndusInd Bank, Kotak Bank, HUL, ONGC, M&M, PowerGrid and L&T, shedding up to 2.50 per cent.
Among the gainers were HCL Tech, Bajaj Finance, TCS, TechM, Axis Bank, Sun Pharma and RIL, rising up to 2 per cent.In the previous session on Tuesday, the 30-share BSE Sensex closed 334.54 points, or 0.85 per cent, lower at 38,963.84. The broader NSE Nifty, too, tumbled 73.50 points, or 0.63 per cent, to settle at 11,588.35.
Foreign institutional investors (FIIs) were net sellers in the capital market, offloading Rs 557.50 crore on Tuesday, while domestic institutional investors sold shares worth Rs 985.47 crore, data available with stock exchange showed. PTI
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