Sensex, Nifty start on a tepid note

Domestic equity benchmarks BSE Sensex and NSE Nifty started on a tepid note Thursday tracking mixed cues from global markets amid sustained foreign fund outflows.

The 30-share index was trading 8.25 points, or 0.02%, higher at 37,123.13. The broader NSE Nifty was also trading 2.05 points, or 0.02%, up at 11,159.05.

In the previous session on Wednesday, the BSE bourse settled 203.65 points, or 0.55%, lower at 37,114.88; and the Nifty shed 65.05 points, or 0.58%, to settle at 11,157.

Top gainers in the Sensex pack include Tata Motors, Vedanta, Infosys, Bajaj Finance, PowerGrid, Yes Bank, Axis Bank, Reliance Industries, ICICI bank, NTPC, Tata Steel, Hero MotoCorp, HUL, HCL Tech and Asian Paints, rising up to 3.39%.

On the other hand, Kotak Bank, M&M, L&T, IndusInd Bank, Coal India ITC and HDFC twins fell up to 0.71%.

According to traders, sustained foreign fund outflow kept weighing on investor sentiment here.

Foreign institutional investors (FIIs) sold equity worth ₹1,142.44 crore on Wednesday, while domestic institutional investors (DIIs) purchased shares to the tune of ₹671.77 crore, provisional data available with stock exchanges showed.

A mixed trend in global equities too kept market mood subdued on Dalal Street, traders said.

Bourses in China, Japan and Korea were trading on a mixed note in their respective early sessions; while, Wall Street indices ended in the green on Wednesday.

On the currency front, rupee appreciated marginally to 70.31 against the U.S. dollar in early trade.

Brent crude futures, the global oil benchmark, were trading 0.56% higher at $72.17 per barrel.

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