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Nifty and Sensex fell in early trading

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<p>Monday’s main equity indexes got off to a bad start, with the Sensex dropping more than 158 points in early trading on the back of contradictory global trends.</p>
<p><img decoding=”async” class=”alignnone wp-image-448716″ src=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-nifty-and-sensex-fell-in-early-trading-newindianexpress-2024-01-4c76d924-3ab5-4d4c-750×422.jpg” alt=”theindiaprint.com nifty and sensex fell in early trading newindianexpress 2024 01 4c76d924 3ab5 4d4c” width=”992″ height=”559″ title=”Nifty and Sensex fell in early trading 6″ srcset=”https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-nifty-and-sensex-fell-in-early-trading-newindianexpress-2024-01-4c76d924-3ab5-4d4c-750×422.jpg 750w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-nifty-and-sensex-fell-in-early-trading-newindianexpress-2024-01-4c76d924-3ab5-4d4c-1024×576.jpg 1024w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-nifty-and-sensex-fell-in-early-trading-newindianexpress-2024-01-4c76d924-3ab5-4d4c-768×432.jpg 768w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-nifty-and-sensex-fell-in-early-trading-newindianexpress-2024-01-4c76d924-3ab5-4d4c-390×220.jpg 390w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-nifty-and-sensex-fell-in-early-trading-newindianexpress-2024-01-4c76d924-3ab5-4d4c-150×84.jpg 150w, https://www.theindiaprint.com/wp-content/uploads/2024/02/theindiaprint.com-nifty-and-sensex-fell-in-early-trading-newindianexpress-2024-01-4c76d924-3ab5-4d4c.jpg 1200w” sizes=”(max-width: 992px) 100vw, 992px” /></p>
<p>The wider Nifty dropped 33.20 points, or 0.15 percent, to 22,179.50 points, while the 30-share Sensex dropped 158.57 points, or 0.22 percent, to 72,984.23 points.</p>
<p>Up to twenty components of the Sensex were down, with Asian Paints losing more than 3.60 percent and Tech Mahindra, Titan, and Wipro falling more than 1 percent.</p>
<p>Thirteen companies in the Nifty pack were trading lower.</p>
<p>On Friday, Sensex and Nifty ended the day slightly down.</p>
<p>Asian markets were neutral on Monday, close to seven-month highs, according to Deepak Jasani, Head of Retail Research at HDFC Securities. Investors were waiting for inflation data from the US, Japan, and Europe, which would help them adjust their expectations for future rate hikes.</p>
<p>“China’s new home prices fell for the seventh month in January, leaving sentiment fragile as policymakers’ efforts to restore confidence in the debt-ridden sector struggled for traction,” he said.</p>
<p>Foreign Institutional Investors (FIIs) bought stocks worth Rs 1,276.09 crore on Friday, making them net purchasers.</p>
<p>“Sustained buying by DIIs (Rs 21,700 crore in February so far), supported by HNIs and retail investors, has completely eclipsed the FII selling,” said V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Although FIIs have been selling, the market has been reaching new heights, therefore FIIs have lost this tug-of-war with DIIs.”</p>


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