GET Stock QuotesNews18 APP
News18 English
»
1-min read

Sensex Extends Losses on Foreign Fund Outflows, Rising Oil Prices

Brokers said sentiment remained weak largely on sustained capital outflows by foreign funds and rising global crude oil prices, which went past the USD 80 per barrel mark.

PTI

Updated:May 18, 2018, 10:27 AM IST
facebookTwittergoogleskypewhatsapp
Sensex Extends Losses on Foreign Fund Outflows, Rising Oil Prices
File Photo.
Loading...
Mumbai: The BSE Sensex drifted lower by another 125 points in early trade on Friday amid unabated foreign fund outflows and surging global crude oil prices.

The rupee depreciating against the US dollar also affected momentum.

Brokers said sentiment remained weak largely on sustained capital outflows by foreign funds and rising global crude oil prices, which went past the USD 80 per barrel mark.

Investors also kept an eye on political developments in Karnataka.

The 30-share index fell by 125.10 points, or 0.35 per cent, to 35,024.02 in the opening trade.

The gauge has lost 407.59 points in the previous three sessions.

In similar fashion, the NSE Nifty declined by 34.35 points, or 0.32 per cent, to 10,648.35.

Sectoral indices led by capital goods, IT, teck, oil and gas, banking and PSU were trading in the negative zone.

Major losers were Wipro, L&T, HDFC Bank, Adani Ports, Infosys, Tata Motors, Asian Paints, Bharti Airtel, ICICI Bank, Maruti Suzuki, Axis Bank, ITC Ltd and Reliance Industries, falling by up to 1.28 per cent.

Foreign portfolio investors (FPIs) net sold shares worth Rs 830.94 crore, while domestic institutional investors (DIIs) bought equities to the tune of Rs 428.92 crore yesterday, as per provisional data.
Trend at other Asian markets, however, was better as investors kept a cautious watch on developments in US-China trade negotiations.

Japan's Nikkei advanced 0.25 per cent, while Hong Kong's Hang Seng was up 0.22 per cent in early trade. China's Shanghai Composite index too rose 0.46 per cent.

The Dow Jones Industrial Average, however, ended 0.22 per cent lower in Thursday's trade.
| Edited by: Ahona Sengupta
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Reliance 1,101.30 -4.34
Indiabulls Hsg 653.80 -17.10
Dewan Housing 210.55 -10.75
Yes Bank 217.90 -6.04
Bajaj Finance 2,140.50 -0.47
Company Price Change %Gain
Sudarshan Chem 385.05 2.64
Indiabulls Hsg 654.25 -17.06
Reliance 1,101.65 -4.11
Dewan Housing 211.80 -10.37
Yes Bank 217.70 -6.06
Top Gainers
Company Price Change %Gain
HPCL 215.90 4.15
Sun Pharma 609.95 2.78
Kotak Mahindra 1,198.95 1.95
Bharti Infratel 264.45 1.71
Vedanta 211.10 1.51
Company Price Change %Gain
Sun Pharma 608.40 2.52
Kotak Mahindra 1,199.55 1.83
Vedanta 211.15 1.51
HUL 1,579.20 1.16
ITC 288.45 0.73
Top Losers
Company Price Change %Gain
Indiabulls Hsg 653.80 -17.10
HCL Tech 958.50 -6.42
Yes Bank 217.90 -6.04
HDFC 1,660.25 -4.46
Reliance 1,101.30 -4.34
Company Price Change %Gain
Yes Bank 217.70 -6.06
HDFC 1,661.30 -4.32
Reliance 1,101.65 -4.11
Hero Motocorp 2,711.00 -3.70
Infosys 682.60 -3.11

Live TV

Loading...
Loading...