GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
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.

Also Watch

| Edited by: Ahona Sengupta
Read full article
Loading...
Most Active
Company Price Change %Gain
Larsen 1,323.70 +83.55 +6.74
Infosys 1,384.25 -46.10 -3.22
Reliance 1,234.90 +31.15 +2.59
Tata Steel 599.40 +19.25 +3.32
Tata Motors 270.10 +11.85 +4.59
Company Price Change %Gain
Larsen 1,323.95 +83.65 +6.74
TVS Motor 536.80 +21.05 +4.08
Infosys 1,385.20 -46.15 -3.22
Reliance 1,234.90 +31.45 +2.61
Maruti Suzuki 9,075.90 -72.40 -0.79
Top Gainers
Company Price Change %Gain
Larsen 1,323.70 +83.55 +6.74
Tata Motors 270.10 +11.85 +4.59
ONGC 168.70 +5.65 +3.47
Tata Steel 599.40 +19.25 +3.32
Hindalco 226.65 +6.95 +3.16
Company Price Change %Gain
Larsen 1,323.95 +83.65 +6.74
Tata Motors 269.55 +12.20 +4.74
ONGC 168.55 +5.45 +3.34
Tata Steel 599.40 +18.80 +3.24
Vedanta 221.80 +6.80 +3.16
Top Losers
Company Price Change %Gain
Infosys 1,384.25 -46.10 -3.22
GAIL 379.05 -8.65 -2.23
Titan Company 921.70 -19.85 -2.11
HCL Tech 988.25 -14.80 -1.48
Lupin 869.25 -12.00 -1.36
Company Price Change %Gain
Infosys 1,385.20 -46.15 -3.22
Maruti Suzuki 9,075.90 -72.40 -0.79
ICICI Bank 338.35 -1.70 -0.50
Axis Bank 624.20 -2.90 -0.46
HUL 1,775.40 -5.40 -0.30
Loading...
Loading...