City
Epaper

FIIs outflows, Russia-Ukraine tensions subdue indices; banking stocks down

By IANS | Updated: February 17, 2022 21:25 IST

Mumbai, Feb 17 Consistent foreign fund outflows, along with flare-up in geo-political tensions between Russia and Ukraine dragged ...

Open in App

Mumbai, Feb 17 Consistent foreign fund outflows, along with flare-up in geo-political tensions between Russia and Ukraine dragged India's key equity indices S&P BSE Sensex and NSE Nifty50 into the red on Thursday.

The FIIs were net sellers on BSE, NSE & MSEI in the capital market segment. They net sold Rs 1,242.10 crore worth of equities.

Globally, markets remained on edge on reports of skirmishes between Russia and Ukraine. On the positive side, the US Fed minutes indicated that while the central bank intends to shortly begin raising interest rates, its decisions would be data-dependent.

On the domestic front, volumes on the NSE in the cash market were dismal and were lowest for the calendar year 2022.

Amongst sectoral indices, banking and healthcare fell the most, whereas Oil & Gas and FMCG gained the most.

The S&P BSE Sensex closed at 57,892.01 points, down 0.18 per cent or 104.67 points, whereas NSE Nifty50 closed at 17,304.60 points, down 0.10 per cent or 17.60 points.

"Nifty ran into selling pressure at higher levels on a day when most other Asian indices were trading in the green," said Devarsh Vakil, Deputy Head - Retail Research, HDFC Securities.

"Outcome of state elections and fears of interest rate hikes in India and abroad continue to plague the sentiments."

According to Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services: "Equity markets have seen a rise in volatility in the last couple of days due to varying news flows coming in from the Ukraine border."

"Nifty has been trading in a broader range of 16,800-17,400 and needs a decisive breakout on either side for a clear direction."

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Standard & Poor'sDevarsh vakilSiddhartha khemkansemumbaiRussiaRussian parliamentPakistan russiaRus
Open in App

Related Stories

Mumbai‘He Made a Mistake’: Woman Forgives Grandson Who Dumped Her In Garbage Pile In Mumbai

MumbaiMumbai Accident: 2 Killed, One Injured After Speeding Scooter Crashes Into Electric Pole On Gorai-Uttan Road

MumbaiMumbai: MNS Workers Beat Sweet Shop Owner in Mira Road For Not Speaking in Marathi (Watch)

MumbaiMumbai Horror: Girl Dies After Being Pushed off 30th Floor by Friend, Says Bhandup Police

MumbaiMumbai Weather Update: Partly Cloudy Skies With Light to Moderate Rainfall in City and Suburbs Likely Today; 4.03-Metre High Tide Expected

International Realted Stories

International"It felt like meeting family": Indian Diaspora in Ghana shares emotional moments after meeting PM Modi

InternationalMessage of Operation Sindoor conveyed with great clarity, says EAM Jaishankar after meeting with QUAD counterparts

InternationalMEA expresses concern over abduction of three Indian nationals in Mali

International"Will also strike tail of snake": Israel's Defence Minister threatens Yemen with Tehran-style strikes

International"Not going to let this Communist Lunatic destroy New York": Trump again takes a dig at NYC Dem primary Mamdani