Markets turn flat after weak opening

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Markets turn flat after weak opening


The BSE benchmark fell by 352.67 factors or 0.48% to settle at 72,790.13 on Feb. 26. The Nifty declined 90.65 factors or 0.41% to 22,122.05.. File (representational picture)
| Photo Credit: Reuters

Equity benchmark indices started the commerce on a weak word on February 27 monitoring sluggish world market developments and contemporary overseas fund outflows.

The 30-share BSE Sensex declined 130 factors to 72,660.13 in early commerce. The Nifty dipped 36.4 factors to 22,085.65.

Later, each the benchmark indices recovered the early misplaced floor and have been buying and selling marginally increased. The 30-share BSE benchmark quoted 10.30 factors up at 72,800.43, and the Nifty traded 8.85 factors increased at 22,135.60.

Among the Sensex corporations, Axis Bank, Bharti Airtel, HDFC Bank, Larsen & Toubro, Bajaj Finance, ICICI Bank and Reliance Industries have been the key laggards.

Tata Consultancy Services, HCL Technologies, Wipro and UltraTech Cement have been among the many gainers.

In Asian markets, Seoul, Tokyo and Hong Kong have been buying and selling decrease whereas Shanghai quoted within the inexperienced.

The U.S. markets ended marginally decrease on Monday.

Foreign Institutional Investors (FIIs) offloaded equities price ₹285.15 crore on Monday, based on trade knowledge.

The BSE benchmark fell by 352.67 factors or 0.48% to settle at 72,790.13 on Monday. The Nifty declined 90.65 factors or 0.41% to 22,122.05.

“Volatility is expected this week due to F&O contract expiry,” mentioned Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.

Global oil benchmark Brent crude dipped 0.12% to $82.43 a barrel.



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