Sensex, Nifty Slip Amid Global Market Downturn

Mumbai: Benchmark indices Sensex and Nifty concluded Thursday’s trading session on a bearish note, mirroring the negative sentiment prevalent in global markets. The 30-share BSE Sensex retreated by 151.48 points or 0.18%, settling at 82,201.16. Similarly, the NSE Nifty dipped 53.60 points or 0.21% to 25,145.10.

Reliance Industries, the nation’s most valuable company, along with Bharati Airtel and L&T, were among the major contributors to the indices’ decline. These stocks faced downward pressure amid a broader market slump. However, select stocks like Titan, ITC, Infosys, HCL Technologies, Tata Steel, and State Bank of India managed to buck the trend and post gains.

In the Asian market, Tokyo, Seoul, and Hong Kong indices closed lower, while Shanghai bucked the trend with a positive finish. European markets were trading mixed during mid-session deals, and the US markets ended on a mixed note today.

Foreign Institutional Investors (FIIs) remained net buyers of Indian equities, injecting Rs 975.46 crore into the market.

The decline in the Sensex and Nifty comes after a remarkable 14-day winning streak, during which the Nifty surged by nearly 1,141 points or 4.59%.

Meanwhile, global oil benchmark Brent crude appreciated by 1.14% to USD 73.53 a barrel.