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Market Updates: Sensex, Nifty Trading In Red After Positive Start

BSE Sensex Rose Over 100 Points In Early Trade On Friday While NSE Nifty Crossed The 11,900-mark.

News Nation Bureau | Edited By : Pawas Kumar | Updated on: 01 Nov 2019, 11:03:21 AM
Sensex had closed at 40,129 on Thursday

New Delhi:

Indian markets were trading in red in morning session after a positive start. After touching record high on Thursday, BSE Sensex rose over 100 points in early trade on Friday while NSE Nifty crossed the 11,900-mark. However, they surrendered the gains and slipped into red during the morning session. The rupee, meanwhile, depreciated 4 paise against the US dollar to trade at 70.96 in early session. Brent futures, the global oil benchmark, rose 0.07 per cent to USD 59.66 per barrel.

At 11 AM, the 30-share Sensex was trading 25.67 points, or 0.064 per cent, lower at 40,103.38 while the broader NSE Nifty was down 6.05 points, or 0.051 per cent, to 11,871.40.

In the previous session, the 30-share Sensex settled at 40,129.05, up by 77.18 points, or 0.19 per cent. The broader NSE Nifty too advanced 33.35 points, or 0.28 per cent, to close at 11,877.45.

Foreign institutional investors purchased a Rs 1,870.87 crore in the capital market, on Thursday, while domestic institutional investors sold shares worth Rs 650.73 crore, data available with stock exchange showed.

Despite positive stock-specific rise in index heavyweights, gains on benchmark indices were capped as investor sentiment was hit by weak macroeconomic data release after market hours on Thursday, traders said. Output of eight core infrastructure industries contracted by 5.2 per cent in September, the lowest in the decade, indicating the severity of economic slowdown. The eight core sectors had expanded by 4.3 per cent in September 2018, according to official data.

Globally, bourses in Shanghai, Hong Kong and Seoul were trading higher on optimism over the US-China trade deal, while those in Tokyo were in the red. On Wall Street, stock exchanges finished on a mixed note on Thursday after the US House of Representative voted to approve the process to impeach President Donald Trump, the third time in the history of the modern presidency.

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First Published : 01 Nov 2019, 10:59:28 AM