Markets climb in early trade, turn volatile later

Markets climb in early trade, turn volatile later PTI Updated: November 14th, 2022, 10:32 IST in Business 0 Share on Facebook Share on Twitter Share on WhatsApp Share on Linkedin Mumbai: Benchmark indices rallied in early trade Monday amid positive cues from global markets and unabated foreign fund inflows, but later faced volatile trends. The 30-share BSE Sensex climbed 92.98 points to 61,888.02 in early deals. Similarly, the broader NSE Nifty advanced 44.4 points to 18,394.10. However, later, both benchmark indices turned volatile and were trading on a mixed note. The BSE benchmark quoted 35.7 points lower at 61,759.34, while the Nifty was trading 12.30 points higher at 18,362. From the Sensex pack, Power Grid, Tata Steel, Kotak Mahindra Bank, HCL Technologies, Mahindra & Mahindra and UltraTech Cement were the major winners in early trade. Dr Reddy’s, ICICI Bank, State Bank of India and ITC were among the laggards. Elsewhere in Asia, markets in Seoul, Shanghai and Hong Kong were trading higher, while Tokyo quoted lower. Wall Street had ended higher Friday. “The momentum in the market is evident in the 4 straight weeks of gains and FIIs turning buyers in all the last 11 trading days,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. The BSE benchmark had zoomed 1,181.34 points or 1.95 per cent to settle at 61,795.04 Friday. The Nifty rallied 321.50 points or 1.78 per cent to finish at 18,349.70. International oil benchmark Brent crude was trading 0.43 per cent higher at USD 96.40 per barrel. Foreign Institutional Investors (FIIs) were net buyers Friday as they bought shares worth Rs 3,958.23 crore, as per exchange data. Tags: Equity benchmark Global market Nifty Sensex Share Tweet Send Share Suggest A Correction Enter your email to get our daily news in your inbox. Leave this field empty if you’re human: Related Posts Rupee falls 15 paise to 80.93 against US dollar November 14, 2022 Markets to track inflation data, global factors this week: Analysts November 14, 2022 India likely to remain fastest growing major economy: RBI Governor Das November 13, 2022 Britain sliding towards recession November 12, 2022 India to be one of top three economic powers in next 10-15 years: Sitharaman November 12, 2022 US Treasury removes India from its Currency Monitoring List November 11, 2022 Leave a Reply Cancel reply Your email address will not be published. Required fields are marked * Comment Name * Email * Website Save my name, email, and website in this browser for the next time I comment.

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Published on : 2022-11-14 05:02:35

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