Sensex sheds nearly 300 points to open at 65,482, Nifty below 19,500

Sensex sheds 200 points to open at 65,690, Nifty below 19,500

Updated on: Aug 3, 2023, 10:18:34 IST

By HT News Desk

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Equity benchmark indices began the trade on a weak note on Thursday, continuing to fall for the third day running, in tandem with a bearish trend in global markets and continuous foreign fund outflows.

A man looks at a screen across a road displaying the Sensex on the facade of the Bombay Stock Exchange (BSE) building in Mumbai. (REUTERS)

The 30-share BSE Sensex fell 299.99 points to 65,482.79. The NSE Nifty declined 87.5 points to 19,439.05.

From the Sensex pack, Titan, Bajaj Finserv, UltraTech Cement, Hindustan Unilever, Tata Steel and JSW Steel were the major laggards.

Leading jewellery and watchmaker Titan on Wednesday reported a 4.3 per cent drop in consolidated net profit at ₹756 crore for the June quarter.

Sun Pharma, NTPC, HDFC Bank and Larsen & Toubro were among the gainers.

In Asian markets, Seoul, Tokyo, Shanghai and Hong Kong were trading in the negative territory.

The US markets ended lower on Wednesday.

Foreign Institutional Investors (FIIs) offloaded equities worth ₹1,877.84 crore on Wednesday, according to exchange data.

Global oil benchmark Brent crude climbed 0.11 per cent to USD 83.29 a barrel.

The Sensex tumbled 676.53 points or 1.02 per cent to settle at 65,782.78 on Wednesday. The Nifty fell by 207 points or 1.05 per cent to end at 19,526.55.

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HT News Desk
Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs. The HT News Desk covers politics, elections, government policies, the economy, business and markets, science and technology, the environment, law and order, infrastructure, education, climate issues and geopolitics, while closely tracking developments across states, institutions and global capitals. The team also leads coverage of major breaking news events, policy announcements, court proceedings, natural disasters, public emergencies and significant international developments. Reports published by the newsdesk are based on information gathered from reporters on the ground, official statements, government agencies, court records, regulatory filings, recognised institutions and other authoritative sources. Stories undergo editorial scrutiny and verification processes to ensure accuracy, fairness and relevance, and are updated as events evolve and additional information becomes available. Whether covering a key political decision in New Delhi, an economic policy shift affecting millions, a landmark court ruling or a major global event, the HT News Desk aims to provide readers with reliable, fact-based journalism that delivers not only the latest developments but also the context and analysis needed to understand their wider implications.Read More

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