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Sensex, Nifty climb in early trade; turn volatile later
The Hindu
‘There are two broad trends, one negative and the other positive, in the market now,’ says analyst.
Benchmark indices bounced back in early trade on Friday, November 4, 2022, after falling in the past two days, helped by continuous buying from foreign institutional investors amid mixed trends in global markets.
The 30-share BSE Sensex climbed 153 points to 60,989.41 in early trade. Similarly, the broader NSE Nifty advanced 55.3 points to 18,108.
Later, both the benchmark indices turned choppy and were trading flat. The 30-share BSE benchmark was trading 27.58 points lower at 60,808.83. The Nifty quoted marginally lower by 7.35 points at 18,045.35.
From the Sensex pack, Bajaj Finserv, Bajaj Finance, Mahindra & Mahindra, Tata Steel, Axis Bank, Larsen & Toubro, State Bank of India and UltraTech Cement were among the early winners.
Infosys, Tata Consultancy Services, Dr Reddy's, HCL Technologies, Tech Mahindra and Hindustan Unilever Limited were among the laggards.
Elsewhere in Asia, markets in Seoul and Tokyo were trading lower, while Shanghai and Hong Kong quoted in the green.
Wall Street had ended lower on Thursday.