Business

Despite green opening Sensex down 150 pts

At 11.23 a.m., the Sensex was trading 153 points lower at 36,915.28 while the Nifty was down 47.80 points at 10,900.50.

SNS | New Delhi | August 30, 2019 12:17 pm

Sensex dropped more than 150 points on Friday after opening greater over continuous international fund outflow and development issues.

Foreign Institutional Investment (FIIs) sale arises despite last week’s contentious tax surcharge roll-back.

Additionally, precaution over the publication of GDP statistics also led to lower risk for street appetite.

At 11.23 a.m., the Sensex was trading 153 points lower at 36,915.28 while the Nifty was down 47.80 points at 10,900.50.

The benchmark Sensex opened at 37,222.26, higher from its previous close of 37,068.93.

The Indian stock market ended in the red on Tuesday, with the Nifty falling below the 23,900-mark and the Sensex dropping nearly 500 points.

The Indian Stock Market on Monday rallied sharply supported by a steep fall in crude oil prices.

The Indian equity markets posted mild gains early on Friday tracking positive global cues, over optimism regarding US-Iran peace negotiations.