Markets end lower; Sensex slips 322 points, Nifty settles at 26,250
At close, the Sensex was down 322.39 points or 0.38% at 85,439.62, and the Nifty was down 78.25 points or 0.30% at 26,250.30.
At close, the Sensex was down 322.39 points or 0.38% at 85,439.62, and the Nifty was down 78.25 points or 0.30% at 26,250.30.
So far in May, the foreign investors continue to show confidence in the equity market, infusing Rs 14,167 crore.
Despite muted equity market performance during the month of December, inflows in open-ended equity funds stayed in the positive zone for the 46th month in a row, industry experts said on Thursday.
GIFT Nifty recorded all-time high monthly turnover of $100.13 billion in August, setting a new benchmark to the growth story of Indian equity market.
In FY2024, the Indian equity market witnessed a phenomenal performance as benchmark indices soared to unprecedented all-time highs
The Sensitive Index (Sensex) of the BSE, which had closed at 35,649.94 points on Wednesday, opened higher at 36,002.11 points.
At the interbank foreign exchange, the rupee opened weak at 73.74 then slipped further to quote 23 paise down at 73.79 against the US dollar.
Persistent depreciation in the Indian rupee and high crude oil prices coupled with concerns over credit crisis dragged the key equity indices three per cent lower on a weekly basis during September 17-21.
Investor sentiments were boosted after Goods and Services Tax on many items including electronic appliances were slashed on Saturday, analysts said.
At 3.30 p.m., the Nifty50 provisionally closed at 11,023.20 points -- higher by 74.90 points or 0.68 per cent -- from its previous close of 10,948.30 points.
