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Sensex in red amid heavy fund outflow
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SME Times News Bureau | 23 Jul, 2019
The Sensex traded slightly lower amid heavy outflow of foreign funds on Tuesday and caution ahead of key quarterly results.
Monday
saw the Foreign Institutional Investors (FIIs) selling nearly Rs 2,000
crore worth of stocks, the highest single day selling this month.
On
Tuesday later, FMGC major Hindustan Unilever, Larsen & Toubro, Zee
Entertainment are scheduled to announce their corporate earnings.
At 9.48 a.m.,the Sensex fell 20.60 points lower at 38,010.53 from its Monday's close of 38,031.13.
The Nifty traded 7.30 points lower at 11,338.90
Globally,
Deepak Jasani of HDFC Securities said that expectations of policy
easing by major central banks such as the Federal Reserve propped up
global stocks on Tuesday.
Asian stocks, Jasani added opened
modestly higher as investors braced for a busy week of US corporate
earnings and potential developments in trade negotiations.
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| Customs Exchange Rates |
| Currency |
Import |
Export |
US Dollar
|
66.20
|
64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
| Japanese
Yen |
58.85 |
56.85 |
| As on 24 Aug, 2019 |
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