Markets settle modestly lower in volatile trade

PTI, Sep 6, 2022, 4:22 PM IST

Representative Image (Source: Shutterstock)

Mumbai: The Sensex and Nifty closed modestly lower on Tuesday after investors offloaded FMCG, IT, and banking stocks in the last hour of trade amid mixed global cues.

The selling pressure emerged towards the fag-end of the session.

After rising over 320 points in intra-day trade, the 30-share BSE Sensex pared all gains to settle 48.99 points or 0.08 percent lower at 59,196.99. During the day, it hit a high of 59,566.67 and a low of 58,974.26.

The NSE Nifty also slipped 10.20 points or 0.06 percent to 17,655.60.

From the Sensex pack, Bajaj Finserv, Kotak Mahindra Bank, Hindustan Unilever, Mahindra & Mahindra, Bajaj Finance, and Nestle were among the major laggards.

On the other hand, Bharti Airtel, NTPC, Tata Steel, Reliance Industries, and Power Grid were among the major gainers.

Elsewhere in Asia, markets in Seoul, Tokyo, and Shanghai ended in the green, while Hong Kong settled lower.

Equities in Europe were trading higher during the mid-session deals. The US markets were closed on Monday.

“Domestic indices wiped out its early gains to close flat, tracking mixed global cues,” said Vinod Nair, Head of Research at Geojit Financial Services.

Meanwhile, the international oil benchmark Brent crude declined 2.37 percent to USD 93.47 per barrel.

Foreign institutional investors (FIIs) offloaded shares worth Rs 811.75 crore on Monday, as per the exchange data.

“Nifty failed to capitalise on the early gain as profit-taking happened,” said Rupak De, Senior Technical Analyst at LKP Securities.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Udupi: 8 injured in ‘rabid’ stray dog attack

NEET-UG revised results: 682 highest for Haryana centre that saw 6 scoring full marks

Spaniard Manolo Marquez named Indian men’s football team head coach

Mizoram bids farewell to Zadingi, the fearless woman who killed a tiger with an axe

Kaup: Bike rider killed in horrific collision with car

Jharkhand court convicts 5 Jamtara cyber criminals for money laundering

Students of govt, govt-aided schools in Karnataka to get eggs six days a week

Related Articles More

Job-for-locals bill: Skilling, not legislation, key to meet evolving industry demands, say experts

Nobody expects RBI to be cheerleader, coordination with government helped fast revival in economy: Governor Das

Infosys shares jump nearly 5 pc; market valuation jumps by Rs 20,843 cr after earnings announcement

Will support whatever regulations, guidelines come: Infy CEO on draft K’taka reservation bill

Markets decline in early deals on weak global peers, profit-taking


Brahma Kumaris

Tapta Mudra Dharana

Banana Farming

Aghnashini River

Dr. Rajkumar

Latest Additions

Udupi: 8 injured in ‘rabid’ stray dog attack

Karnataka landslide: Missing lorry driver’s family seeks Army’s help in rescue

Gujarat rain fury: Flood-like situation in Saurashtra region districts; NDRF teams deployed

Mangaluru: Court acquits 2 accused in Rs 2.35 crore robbery case

CBI nabs NIT graduate, 2 MBBS students in NEET-UG leak case

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.