Share Market: Decline in domestic stock markets amid continuous withdrawal of foreign funds.
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Domestic stock markets declined in early trade on Wednesday amid continuous withdrawal of foreign funds. Forex traders said that investors are cautious ahead of the US Federal Reserve’s decision on interest rates. BSE’s 30-share Sensex fell 193.99 points to 63,680.94.
Nifty slipped 47 points to 19,032.60. Among Sensex companies, shares of JSW Steel, Bharti Airtel, Kotak Mahindra Bank, HDFC Bank, Asian Paints, Tata Steel, Power Grid and Nestle declined.
Shares of Mahindra & Mahindra, Wipro, HCL Technologies, Bajaj Finserv and Tata Motors remained profitable. In other Asian markets, Japan’s Nikkei, Hong Kong’s Hang Seng, South Korea’s Kospi and China’s Shanghai Composite remained in profit.
US markets closed on a positive note on Tuesday. Global oil benchmark Brent crude futures were trading 0.05 per cent lower at $87.81 per barrel. Foreign institutional investors (FIIs) sold shares worth Rs 696.02 crore on Tuesday.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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