Stock Market Today: Sensex, Nifty Close Lower; FPIs Remain Net Sellers
S&P BSE Sensex ended 0.5% lower at 60,353.27, while the Nifty 50 closed down 0.28% at 17,992.15.
KEY HIGHLIGHTS
FPIs Remain Net Sellers
Overseas investors were net sellers of Indian equities for the tenth day in a row on Thursday.
Foreign portfolio investors net sold Indian equities worth Rs 1,449.45 crore, according to National Stock Exchange data.
On the other hand, domestic institutional investors broke there 21-day buying streak and sold 194.09 crore worth of Indian stocks on Thursday
Foreign institutions net bought Indian equities worth Rs 14,398.8 crore in December but have remained net sellers of Rs 1,053 crore of Indian stocks so far in 2023.
10-Year Bond Yield Largely Flat
Yield on the 10-year bond remained largely flat at 7.33% at close on Thursday.
Source: Bloomberg
Rupee Appreciates Against U.S. Dollar
The local currency appreciated by 25 paise to close at 82.55.
The rupee opened at 82.75 against the U.S. dollar, appreciating 5 paise against Wednesday's close of 82.80.
Source: Bloomberg
Closing Bell
Indian stock benchmarks ended lower on Thursday, dragged by declines in banking, financial and IT stocks.
S&P BSE Sensex ended 0.5% lower at 60,353.27, while the Nifty 50 closed down 0.28% at 17,992.15.
Of the 50 Nifty 50 constituents, 33 advanced, while 17 declined. Bajaj Finance Ltd., Bajaj Finserv Ltd., ICICI Bank Ltd., Titan Company Ltd. and Infosys Ltd. were the top losers of the index, while Hero MotoCorp Ltd., Bajaj Auto Ltd., Cipla Ltd., NTPC Ltd., ITC Ltd., were the top gainers.
The broader markets outperformed its larger peers with S&P BSE Mid-cap gaining 0.33%, whereas S&P BSE Small-cap was flat.
Thirteen out of the 19 sectoral indices compiled by the BSE advanced, while six declined in trade.
The market breadth was skewed in favour of the bears. About 1,703 rose, 1,769 fell, while 154 remained unchanged.
European Markets Open Lower
