Share Market Today: Sensex, Nifty Trade Marginally Lower Amid Volatility. FMCG In The Red

Share market today: On the 30-share Sensex platform, Adani Ports, Asian Paints, ITC, M&M, Bharti Airtel, NTPC emerged lower

Share market today: The two India equity benchmark indices, Sensex and Nifty, on Friday are trading lower amid volatility on the back of profit-taking and weak Asian trends. At 11.30 am, the BSE Sensex dipped 67 points to 82,895. On the other hand, the NSE Nifty50 was trading at 25,360, down 29 points.

Stock update

On the 30-share Sensex platform, Adani Ports, Asian Paints, ITC, M&M, Bharti Airtel, NTPC emerged lower. On the flip side, Bajaj twins, Tata Steel, IndusInd Bank, Nestle, Tata Motors are among the early gainers.

Sectoral update

Among sectors, metal, oil & gas, realty, power, and media advanced by 0.5-1.5 per cent, while the FMCG index slipped 0.5 per cent.

In the previous session on Thursday, the BSE Sensex index ended at a record high of 82,962.71, up by 1,439.55 points or 1.77 per cent, while the NSE Nifty50 surged 470.45 points or 1.89 per cent to settle at a record closing high of 25,388.90.

Global update

In Asian markets, Seoul, Tokyo, and Shanghai were trading lower while Hong Kong quoted in the positive territory. Japan’s Nikkei 225 fell 0.43 per cent, and the broader Topix was also down 0.58 per cent. The US markets ended with gains on Thursday. Overnight, Wall Street eked out gains and gold surged to a record high on Thursday as investors awaited a Federal Reserve interest rate cut next week.

Foreign Institutional Investors (FIIs) bought equities worth Rs 7,695 crore on Thursday, according to exchange data.

Global oil benchmark Brent crude climbed 0.40 per cent to 72.26 a barrel.

Rupee gains 5 paise

The rupee appreciated by 5 paise to 83.91 against the US dollar in early trade on Friday supported by weakening of the American currency in the overseas market and significant foreign fund inflows. Forex traders said the rupee continues to trade within a tight range, as the Reserve Bank of India (RBI) is maintaining a firm grip on the domestic currency.

At the interbank foreign exchange market, the local unit opened at 83.92, then inched further to touch 83.91, registering a rise of 5 paise from its previous close. On Thursday, the local unit settled 3 paise higher at 83.96 against the US dollar.