Sluggishness being seen in the stock market, flat trading being seen.
Mumbai:
Major stock indices Sensex and Nifty saw a decline in early trade on Thursday amid a weak trend in Asian stock markets and outflow of foreign funds. During this, the 30-share BSE index was down 36.88 points or 0.07 per cent at 52,445.83. Similarly, the broader NSE Nifty was down 5.50 points or 0.03 per cent at 15,716. However, there was a slight jump in both the indices in the early trade.
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The biggest one percent fall in the Sensex was in Bajaj Finance. Apart from this, IndusInd Bank, HCL Tech, Bajaj Finserv, Infosys and UltraTech Cement were also in the red. On the other hand, Bajaj Auto, M&M, Asian Paints, Maruti, Titan, Kotak Bank and Bharti Airtel were trading with gains.
In the previous session, the Sensex was down 66.95 points or 0.13 per cent at 52,482.71 and the Nifty was down 26.95 points or 0.17 per cent at 15,721.50.
Foreign institutional investors (FIIs) sold shares worth Rs 1,646.66 crore on a gross basis on Wednesday, according to provisional data of the stock market.
In Asian markets, shares of Shanghai, Seoul and Tokyo were trading with losses in mid-session deals.
Meanwhile, international oil benchmark Brent crude was up 0.20 per cent at $74.77 per barrel.
(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)