Markets fall after rising in opening trade
PTI
Market benchmark indices climbed in opening trade today but later gave up all the initial gains and were trading lower amid unabated foreign fund outflows.
The BSE Sensex climbed 280.04 points to 81,781.40 in early trade. The NSE Nifty went up by 58.2 points to 25,029.50.
However, later both the benchmark indices turned negative and were trading lower. The BSE benchmark gauge quoted 210.87 points lower at 81,265.97 while the Nifty traded 116.15 points down at 24,848.25. From the 30 Sensex firms, Infosys, State Bank of India, Larsen & Toubro, Reliance Industries, Sun Pharma and Tata Consultancy Services were the biggest gainers.
Mahindra & Mahindra, Maruti, Axis Bank and HDFC Bank were among the laggards. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,435.94 crore on Wednesday, according to exchange data.
In Asian markets, Seoul and Tokyo quoted lower while Shanghai and Hong Kong traded higher. The US markets ended in the positive territory on Wednesday.
Global oil benchmark Brent crude climbed 0.28% to USD 74.43 a barrel.
The BSE Sensex climbed 280.04 points to 81,781.40 in early trade. The NSE Nifty went up by 58.2 points to 25,029.50.
However, later both the benchmark indices turned negative and were trading lower. The BSE benchmark gauge quoted 210.87 points lower at 81,265.97 while the Nifty traded 116.15 points down at 24,848.25. From the 30 Sensex firms, Infosys, State Bank of India, Larsen & Toubro, Reliance Industries, Sun Pharma and Tata Consultancy Services were the biggest gainers.
Mahindra & Mahindra, Maruti, Axis Bank and HDFC Bank were among the laggards. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,435.94 crore on Wednesday, according to exchange data.
In Asian markets, Seoul and Tokyo quoted lower while Shanghai and Hong Kong traded higher. The US markets ended in the positive territory on Wednesday.
Global oil benchmark Brent crude climbed 0.28% to USD 74.43 a barrel.