Markets fall in early trade amid unabated foreign fund outflows


PTI, Nov 5, 2024, 10:12 AM IST

Stock markets declined in early trade on Tuesday amid constant foreign fund outflows and cautious investors’ sentiment ahead of the US presidential elections and the Federal Reserve interest rate decision.

The BSE Sensex declined 326.58 points to 78,455.66 in early trade. The NSE Nifty went down by 86.7 points to 23,908.65.

From the 30-share Sensex pack, Adani Ports, ITC, Reliance Industries, HDFC Bank, Power Grid and Hindustan Unilever were the biggest laggards.

JSW Steel, Tata Steel, IndusInd Bank, Tata Motors, Maruti and Sun Pharma were among the gainers.

Foreign Institutional Investors (FIIs) offloaded equities worth Rs 4,329.79 crore on Monday, according to exchange data.

In Asian markets, Tokyo, Shanghai and Hong Kong quoted in the positive territory while Seoul traded lower.

The US markets ended lower on Monday.

“Investors globally are bracing for heightened market volatility as the US heads into a closely contested presidential election…,” Prashanth Tapse, Senior VP (Research) at Mehta Equities Ltd, said.

Global oil benchmark Brent crude climbed 0.12 per cent to USD 75.17 a barrel.

Investors remain cautious ahead of the US presidential election and the upcoming US Federal Reserve interest rate decision later this week, Vikas Jain, Head of Research at Reliance Securities, said.

The BSE benchmark tumbled 941.88 points or 1.18 per cent to settle at 78,782.24 on Monday, the lowest closing level since August 6. The Nifty tanked 309 points or 1.27 per cent to 23,995.35.

Udayavani is now on Telegram. Click here to join our channel and stay updated with the latest news.

Top News

Bantwal: Theft at Shree Mahalingeshwar temple

States not empowered to take over all private properties for distribution to serve common good: SC

Chhattisgarh NAN ‘scam’: FIR against 2 retired IAS officers, former AG

Davangere: MLA Basavantappa returns Rs 1.2 lakh left behind at shop

Woman dies after being hit by luxury car driven by ‘drunk’ youth in Karnataka

MLA Bharat Shetty condemns attack on Edneer Math Swamiji’s vehicle in Kerala

‘Idiot’: Former Canadian Sikh minister slams Justin Trudeau over Khalistan issue

Related Articles More

New software for fast-tracking project approvals: Karnataka Minister Patil

In-flight passengers can access WiFi services only when allowed, say new rules

SEBI mulls separation of non-regulated activities; ‘cross-default’ definition for debenture trustees

Sensex plunges 942 points to settle at nearly 3-month low; RIL, HDFC Bank biggest drag

Equity investors become poorer by Rs 7.37 lakh crore during morning trade as markets tumble

MUST WATCH

Gho Pooja in Deepavali Festival

Melukote Deepavali

Ganapathi Co-operative Society Ltd

Udayavani Chinnara Banna 2024

Annapoorna Aahar | Food Places In Mysore


Latest Additions

Bantwal: Theft at Shree Mahalingeshwar temple

Delhi riots case: HC dismisses plea by Khalid Saifi against attempt to murder charge

States not empowered to take over all private properties for distribution to serve common good: SC

Chhattisgarh NAN ‘scam’: FIR against 2 retired IAS officers, former AG

India, Australia strategic partnership growing steadily: EAM Jaishankar

Thanks for visiting Udayavani

You seem to have an Ad Blocker on.
To continue reading, please turn it off or whitelist Udayavani.