infowebsite.in
Stock Market today: The BSE Sensex and NSE Nifty gained in early trade on October 17, 2024, but within minutes both the indices started trading lower.
Stock Market on October 17, 2024 – BSE Sensex, Nse Nifty (Pic: News9live)
Mumbai: The stock market benchmark indices appreciated but later erased all the initial gains and were trading lower as foreign fund outflows continued. The Sensex climbed 280.04 points to 81,781.40 in early trade on October 17, 2024 (Thursday). The NSE Nifty went up 58.2 points to 25,029.50.
30 Sensex pack gainers: Tata Consultancy Services, Larsen & Toubro, Reliance Industries, Infosys, State Bank of India, and Sun Pharma. Laggards included Axis Bank, Maruti, HDFC Bank and Mahindra & Mahindra.
“Nifty slipped below the 25,000 mark in yesterday’s trade, and while today’s session seeks recovery, sentiment remains fragile due to persistent FII selling (with Rs 67,300 crore outflows in October), underwhelming Q2 earnings, ongoing Middle East tensions, and concerns over China’s economic outlook,” said Prashanth Tapse, Senior VP (Research), Mehta Equities Ltd.
According to exchange data, Foreign Institutional Investors (FIIs) offloaded equities worth Rs 3,435.94 crore on October 16. Tokyo and Seoul traded quoted while Hong Kong and Shanghai traded in positive territory. The US stock markets closed in the positive territory on 16th October.
The BSE Sensex dropped by 318.76 points to close at 81,501.36 on October 16, 2024. The Nifty dipped by 86.05 points to settle at 24,971.30. Laggards included, Adani Ports, Titan, Tata Motors, Infosys, Kotak Mahindra Bank, Mahindra & Mahindra, JSW Steel, Adani Ports, and ITC. Meanwhile, State Bank of India (SBI), Reliance Industries (RIL), Asian Paints, HDFC Bank, and Bharti Airtel.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO and Mutual Funds.)
Next Article
Follow us on social media
