Mumbai, January 10
Benchmark indices Sensex and Nifty bounced back in early trade on Friday after two days of declines but soon faced selling pressure. Huge foreign fund outflows have confused investors. BSE’s 30-share benchmark Sensex rose 270.76 points to 77,890.97 in early trade. The NSE Nifty also rose 69.5 points to 23,596. However, soon both the benchmark indicators moved into negative territory.
Tata Consultancy Services from the 30-share blue-chip pack jumped 4 per cent after posting a net profit of Rs 12,380 crore, up 11.95 per cent in the December quarter. Tech Mahindra, Infosys, HCL Tech, Mahindra & Mahindra, HDFC Bank and Nestle were the gainers. IndusInd Bank, Zomato, NTPC, State Bank of India, Adani Ports and Power Grid lagged behind. Foreign institutional investors on Thursday offloaded equities worth Rs 7,170.87 crore, according to exchange data. News-Patiala
The post Stock Market: After the boom, the share market is under selling pressure appeared first on Punjabi News-Patiala.
