Advertisement
Wednesday, May 25, 2022
Outlook.com
Outlook.com

Sensex Starts On Choppy Note. RIL, Asian Paints, Infosys, HDFC Among Top Gainers

The 30-share index opened over 200 points higher, but soon turned negative and was trading 38.52 points or 0.07 per cent lower at 58,611.16 in initial deals.the Nifty slipped 17.60 points

Sensex Starts On Choppy Note. RIL, Asian Paints, Infosys, HDFC Among Top Gainers
Sensex Starts On Choppy Note. RIL, Asian Paints, Infosys, HDFC Among Top Gainers
outlookindia.com
2021-12-09T10:23:35+05:30

Equity benchmark Sensex opened on a choppy note on Thursday, as investors followed the risk-off mode.

The 30-share index opened over 200 points higher, but soon turned negative and was trading 38.52 points or 0.07 per cent lower at 58,611.16 in initial deals.

Similarly, the Nifty slipped 17.60 points or 0.10 per cent to 17,452.15.

Top gainers:

Reliance Industries was the top gainer in the Sensex pack, rising over 1 per cent, followed by Dr Reddy’s, Asian Paints, Sun Pharma, L&T, Bajaj Finance, Infosys and HDFC.

Top losers:

On the other hand, HDFC Bank, Tata Steel, NTPC, TCS and Titan were among the laggards.

In the previous session, the 30-share equity benchmark zoomed 1,016.03 points or 1.76 per cent to finish at 58,649.68, and Nifty rallied 293.05 points or 1.71 per cent to 17,469.75.

Foreign institutional investors (FIIs) remained net sellers in the capital market, as they sold shares worth Rs 579.27 crore on Wednesday, as per exchange data.

"Today being a weekly settlement day, the heightened market volatility of the last few days is likely to continue. Sustained FII selling had pushed the market to oversold territory, facilitating a sharp rebound when risk-on resumed globally," said VK Vijayakumar, Chief Investment Strategist at Geojit Financial Services.

Investors may take a wait and watch view now. Wait for the volatility to ebb and take a position based on emerging data, he added.

Elsewhere in Asia, bourses in Shanghai, Seoul and Hong Kong were trading with gains in mid-session deals, while Tokyo was in the red.

Stock exchanges in the US too ended with gains in the overnight session.

Meanwhile, international oil benchmark Brent crude rose 0.57 per cent to $76.25 per barrel.

Advertisement

Outlook Newsletters

Advertisement
Advertisement
Advertisement

Read More from Outlook

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

Lament Of Separation: Songs Of Habba Khatun, Last Queen Of Kashmir, Still Echo In Valley

In happy times and sad, Habba Khatun’s sensuous songs make both young and old emotional. With the never-ending conflict bringing tragedies to every doorstep, Habba’s lyrics of separation amplify their mourning.

How Indian Laws Govern People’s Right To Love And Live

How Indian Laws Govern People’s Right To Love And Live

In India, only those relationships between a man and a woman are considered to be legitimate when there is a marriage between the two.

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Kohli Quits Test Captaincy, Leaves Leadership Vacuum

Virat Kohli, 33, had recently stepped down as India's T20I captain and was subsequently removed as the ODI captain.

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

UP Elections 2022: How Congress Is Harnessing Power Of 'Persecuted' Women To Counter BJP

A Mahila Congress leader, who is the face of the ‘Ladki Hoon, Lad Sakti Hoon’ campaign, however, has accused the party of anti-women bias after she was denied a ticket.

Advertisement