Dalal Street Shows Mixed Trends, Sensex Tests 83,300, Nifty Ends At 25,509
During early morning trade the Sensex fell over 480 points to start trading at 82,825.17, while the Nifty declined more than 130 points to ring the opening bell at 25,378.70.
The stock markets registered a significant decline with the Sensex trading over 70 points lower to close at 83,241.00, and the Nifty marginally rose 0.05 points to end at over 25,509.
Among the top gainers on the 30-share BSE Sensex were stocks such as Bajaj Finance, Tata Steel, Mahindra & Mahindra, Bajaj Finserv and ICIC bank. Meanwhile, the laggards included stocks like HDFC Bank, NTPC, Titan, Axis Bank and State Bank of India (SBI).
In the broader 50-share NSE Nifty50, the Nifty Midcap 50 gained 0.59 per cent despite high volatility and the Nifty Smallcap 250 declined 0.24 per cent. Sectorally, the Nifty Midsmall Financial Services gained 2.44 per cent and the Nifty Consumer Durables index declined 0.72 per cent.
During early morning trade the Sensex fell over 480 points to start trading at 82,825.17, while the Nifty declined more than 130 points to ring the opening bell at 25,378.70.
Heavy Foreign Outflows
Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,263.21 crore on Thursday, according to exchange data, while Domestic Institutional Investors (DIIs) emerged as net buyers, purchasing shares worth Rs 5,283.91 crore.
Despite the robust DII inflows, the market extended its decline, underscoring the prevailing influence of FII selling pressure on overall sentiment.
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