Markets fall but bounce back

February 02, 2023 10:25

Equity benchmarks fell in initial trade on Thursday, but later bounced back to trade in the positive territory, amid firm global market trends and foreign fund inflows.

The 30-share BSE benchmark Sensex had fallen 492.46 points to 59,215.62 in early trade. The broader NSE Nifty declined 170.35 points to 17,445.95 in initial trade.

However, later both the benchmarks were quoting in the green. The Sensex traded 177.91 points higher at 59,885.99, while the Nifty quoted 25.50 points up at 17,605.95. From the Sensex pack, Bajaj Finance, NTPC, Asian Paints, Tata Steel, HDFC, HDFC Bank, Reliance Industries and Power Grid were the major laggards. ITC, UltraTech Cement, IndusInd Bank, Titan and Maruti were among the winners.

Elsewhere in Asia, equity markets in Seoul, Tokyo, Shanghai and Hong Kong were trading in the green. Markets in the US had ended in the positive territory on Wednesday. -- PTI

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