Stock Markets trading flat after initial positive trend in the markets
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There was a positive trend in domestic stock markets in early trade on Wednesday, but later trading remained flat amid mixed signals from Asian markets and continuous withdrawal of foreign funds. The 30-share BSE index rose 181.6 points to 65,124 in early trade.
Nifty rose 49 points to 19,455.70. Among Sensex companies, shares of Asian Paints, Wipro, Maruti, Tata Consultancy Services, Larsen & Toubro and Titan were among the gainers. Whereas shares of ICICI Bank, Axis Bank, Kotak Mahindra Bank, Bajaj Finance, Infosys and NTPC suffered losses.
In other Asian markets, South Korea’s Kospi and Japan’s Nikkei were in loss, while China’s Shanghai Composite and Hong Kong’s Hang Seng were in gain. US markets closed on a positive note on Tuesday.
Global oil benchmark Brent crude was trading 0.07 per cent higher at $81.67 per barrel. According to stock market data, foreign institutional investors (FIIs) sold shares worth Rs 497.21 crore on Tuesday.
Disclaimer: IndiaTheNews has not edited this news. This news has been published from PTI-language feed.
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