Sensex Dips 90 Points, Nifty Tops 17,500 Amid High Volatility

New Delhi: The key Indian equity benchmarks, Sensex and Nifty, on Friday extended fall in opening deals, led by weak global cues and losses in information technology and auto stocks.

At 10.10 am, the BSE Sensex was down by 90 points to 58,695, while the broader Nifty was trailing by 12 points to 17,547.

However, in its opening trade, Sensex declined over 220 points on Friday. Persistent foreign capital outflows also affected the market sentiment, traders said.

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At 09.37 a.m., #Sensex traded at 58,790 points, #Nifty at 17,565 points, both largely steady from the previous close.

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- IANS (@IANS) 4 Feb 2022

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In the broader market, the BSE Midcap and Smallcap indices were also in red and were down by up to 0.3 per cent.

Among the Sensex-30 constituents, ITC, Tata Steel, Sun Pharma, PowerGrid, IndusInd Bank, HDFC Bank, SBI, Ultratech Cement and Sun Pharma were the top gainers. On the Nifty, ONGC, and Hindalco were the additional gainers, up 1-2 per cent.

On the flip side, Infosys, TCS, Wipro, Reliance, and HCL Tech were the top losers on the Sensex pack. Tata Consumer and Hero MotoCorp were the top laggards on the Nifty platform.

In the previous session, the 30-share index ended 770.31 points or 1.29 per cent lower at 58,788.02. Similarly, the NSE Nifty plunged 219.80 points or 1.24 per cent to 17,560.20.

Elsewhere in Asia, bourses in Hong Kong and Seoul were trading with gains in mid-session deals, while Tokyo was in the red.

Asian stocks recovered some of their steep losses from the previous session after US markets limited further declines. Apple reported record sales in the holiday quarter, beating estimates. Its shares rose over 5 per cent in after-hours trading. Chinese markets are shut for the Lunar New Year holiday.

Stock exchanges in the US finished with deep losses in the overnight session.

Meanwhile, international oil benchmark Brent crude rose 0.44 per cent to $91.51 per barrel.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 1,597.54 crore on Thursday, according to stock exchange data.