Markets bounce back after early decline
The Hindu
Mkt indices dip in early trade, but soon bounce back to quote in green. BSE Sensex up 101 pts, Nifty 23 pts. Bajaj Finance, Power Grid major laggards; NTPC, TCS, Tata Motors, HCL Tech gainers. Asian mkts lower; US mkt gains Wed. Brent crude down 0.75%. FIIs buy equities worth Rs 550.19 cr. Sensex up 742 pts, Nifty 231 pts Wed.
The benchmark equity indices declined in early trade on Thursday amid weak trends in the Asian markets, but soon bounced back to quote in positive territory.
The 30-share BSE Sensex fell 168.91 points to 65,507.02 in early deals. The Nifty dipped 48.45 points to 19,627.
But, later, both the benchmark equity indices bounced back to quote in the green amid optimism due to fresh foreign fund inflows.
The Sensex traded 101.16 points up at 65,777.64, while the Nifty quoted with a gain of 23 points at 19,698.45.
Among the Sensex firms, Bajaj Finance, Power Grid, Bajaj Finserv, JSW Steel, Titan and Tata Steel were the major laggards.
NTPC, Tata Consultancy Services, Tata Motors and HCL Technologies were among the gainers.
In the Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading lower.
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