The 30-share Sensex fell 158.57 factors or 0.22 per cent to 72,984.23 factors whereas the broader Nifty slipped 33.20 factors or 0.15 per cent to 22,179.50 factors in early trade on February 26, 2024,.
Equity benchmark indices opened on a unfavorable notice on Monday, with Sensex falling over 158 factors in early trade amid blended world tendencies.
The 30-share Sensex fell 158.57 factors or 0.22 per cent to 72,984.23 factors whereas the broader Nifty slipped 33.20 factors or 0.15 per cent to 22,179.50 factors.
As many as 20 Sensex constituents had been in the pink, with Asian Paints falling over 3.60 per cent whereas Wipro, Titan and Tech Mahindra dropped greater than 1 per cent.
In the Nifty pack, 31 shares had been buying and selling decrease.
Sensex and Nifty closed marginally decrease on Friday.
Deepak Jasani, Head of Retail Research at HDFC Securities, mentioned Asian shares had been blended close to seven-month highs on Monday as traders awaited inflation information from the US, Japan, and Europe that can assist refine expectations for future fee strikes.
China’s ‘home’ disaster
“China’s new home prices fell for the seventh month in January, leaving sentiment fragile as policymakers’ efforts to restore confidence in the debt-ridden sector struggled for traction,” he mentioned.
On Friday, Foreign Institutional Investors (FIIs) had been web consumers as they bought securities price ₹1,276.09 crore.
V.Okay.Vijayakumar, Chief Investment Strategist at Geojit Financial Services, mentioned, “Sustained buying by DIIs (₹21,700 crore in February so far) supported by HNIs and retail investors has completely eclipsed the FII selling. FIIs have lost in this tug of war with DIIs since the market has been scaling new highs despite FII selling.”
