Volatility continued on the bourses in mid-morning trade as the key indices once again slipped in negative zone. At 11:28 IST, the barometer index, the S&P BSE Sensex, was down 65.78 points or 0.17% at 39,463.94. The Nifty 50 index was down 17.80 points or 0.15% at 11,825.95. Sentiment was impacted by provisional data showing that domestic and foreign funds, both, were net sellers of Indian equities yesterday, 6 June 2019. Telecom stocks saw mixed trend.
The trading activity showed that the foreign portfolio investors (FPIs) sold shares worth a net Rs 1448.99 crore yesterday, 6 June 2019, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) sold shares worth a net Rs 650.84 crore yesterday, 6 June 2019, as per provisional data.
Domestic stocks drifted lower in early trade on selling pressure in index pivotals. Volatility struck bourses in morning trade as the key indices regained positive zone.
The S&P BSE Mid-Cap index was off 0.15%. The S&P BSE Small-Cap index was up 0.04%.
The market breadth, indicating the overall health of the market, turned negative from positive. On the BSE, 915 shares rose and 1149 shares fell. A total of 128 shares were unchanged. The breadth alternately swung between positive and negative zone so far during the day.
Telecom stocks saw mixed trend. Vodafone Idea (down 0.07%), Tata Teleservices (Maharashtra) (down 4.93%) and Reliance Communications (down 3.17%) fell. MTNL (up 3.5%) and Bharti Airtel (up 1.61%) rose.
Shares of Bharti Infratel rose 2.62%. Bharti Infratel is a provider of tower and related infrastructure and is a unit of Bharti Airtel.
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