Indian stock indices largely steady Friday
Foreign portfolio investors (FPIs) have sold assets worth about Rs 15,828 crore in Indian stock markets so far in 2023
Foreign portfolio investors (FPIs) have sold assets worth about Rs 15,828 crore in Indian stock markets so far in 2023
A substantial reduction in both retail and wholesale inflation in the nation prevented the indices from falling much, though.
The marginal rise in indices for the second day can be partly attributed to the moderation in both retail and wholesale inflation in India.
BSE Sensex fell 176 points to 59,781.42 and the NSE Nifty 50 fell 55 points to 17,826.45 points.
BSE Sensex increased by 43 points to 60,396.65, and the NSE Nifty 50 increased by 14 points to 18,012.95
Among the stocks, Coal India, ONGC, Bajaj Auto, Reliance Industries, and NTPC were the top five gainers among the Nifty 50 basket.
At 9.42 am, Sensex traded at 59,854.76 points, up 23.10 points or 0.039 per cent, whereas Nifty traded at 17,749.35 points, up 18.60 points or 0.10 per cent.
Meanwhile, the rupee has retreated from its all-time low of over 83 against the US dollar.
Paytm, Starhealth and Ambuja Cements. The laggards were Bajaj Finance, Adani Ports, Asian Paints and HDFC Bank on the 30-share index.
Maruti, Bharti Airtel, Reliance, Titan, Ultra Cement, HUL and Tata Steel whereas IndusInd Bank, Wipro, Infosys, Asian Paints, Mahindra, HDFC, NTPC, Kotak Bank, SBI were among the laggards on the 30-share index.
