Bourses continue to trade with significant losses in late afternoon session

Key benchmark indices continued to trade with significant losses in late afternoon session. The broader indices, mid and small-cap, were also trading deeply in red. The overall breadth was extremely negative, as 2229 shares were declining and 1084 were advancing, while 95 shares were unchanged on the BSE. Traders paid no heed towards the Ministry of Commerce and Industry in its latest report has said that India registered the highest ever annual FDI Inflow of $ 81.97 billion (provisional) in the financial year 2020-21. The Ministry of Commerce and Industry noted that FDI inflow in the last 7 financial years (2014-21) is $ 440.27 billion, which is nearly 58% of the total FDI inflow in last 21 financial years (2000-21: $ 763.83 billion). 

On the global front, Asian markets were trading mixed pulling back from the previous day's rally as traders consider central bank plans to combat soaring inflation by ending the era of ultra-cheap cash, while also navigating a COVID-19 infection spike that threatens an already fragile economic recovery. European markets were trading mostly in green, after UK retail sales growth accelerated in November. The retail sales volume grew 1.4 percent month-on-month in November, faster than the 1.1 percent increase seen in October and also street forecast of +0.8 percent.

The BSE Sensex is currently trading at 57177.04, down by 724.10 points or 1.25% after trading in a range of 57049.95 and 58062.28. There were 5 stocks advancing against 25 stocks declining on the index.

The broader indices were trading in red; the BSE Mid cap index declined 1.65%, while Small cap index was down by 1.10%.

The only gaining sectoral indices on the BSE were IT up by 2.15% and TECK was up by 1.66%, while Realty down by 2.52%, Energy down by 2.27%, Auto down by 1.98%, Bankex down by 1.97% and PSU was down by 1.77% were the top losing indices on BSE.

The top gainers on the Sensex were Infosys up by 3.80%, HCL Tech up by 1.59%, TCS up by 0.86%, Sun Pharma up by 0.53% and Power Grid up by 0.43%. On the flip side, Indusind Bank down by 3.99%, Kotak Mahindra Bank down by 2.84%, Hindustan Unilever down by 2.80%, Bajaj Finserv down by 2.68% and Titan Company down by 2.61% were the top losers.

Meanwhile, highlighting various steps taken by the government to boost domestic and foreign investments in India, the Ministry of Commerce and Industry in its latest report has said that India registered the highest ever annual FDI Inflow of $ 81.97 billion (provisional) in the financial year 2020-21.

The Ministry of Commerce and Industry noted that FDI inflow in the last 7 financial years (2014-21) is $ 440.27 billion, which is nearly 58% of the total FDI inflow in last 21 financial years (2000-21: $ 763.83 billion).  According to the report, top five countries from where FDI Equity Inflows were received during April, 2014 and August, 2021 are Singapore (28%), Mauritius (22%), USA (10%), Netherlands (8%) and Japan (6%).

The report further said that Computer Software & Hardware sector attracted the largest share of FDI inflows at 19%, followed by Service (15%), Trading (8%) and Telecommunications & Construction (Infrastructure) (7% each) during the same period in the last more than seven years.

The CNX Nifty is currently trading at 17042.75, down by 205.65 points or 1.19% after trading in a range of 16992.05 and 17298.15. There were 7 stocks advancing against 43 stocks declining on the index.

The top gainers on Nifty were Infosys up by 3.71%, Wipro up by 2.96%, HCL Tech up by 1.63%, Hindalco up by 1.18% and TCS up by 0.93%. On the flip side, Indusind Bank down by 3.99%, Tata Motors down by 3.70%, ONGC down by 3.03%, Kotak Mahindra Bank down by 2.90% and Hindustan Unilever down by 2.83% were the top losers.

Asian markets were trading mixed, Nikkei 225 slipped 520.64 points or 1.79% to 28,545.68, Hang Seng decreased 282.87 points or 1.2% to 23,192.63, Shanghai Composite declined 42.66 points or 1.16% to 3,632.36 and Straits Times was down by 8.91 points or 0.28% to 3,119.89. On the flip side, Jakarta Composite soared 7.13 points or 0.11% to 6,601.93, KOSPI rose 11.32 points or 0.38% to 3,017.73 and Taiwan Weighted was up by 26.85 points or 0.15% to 17,812.59.

European markets were trading mostly in green, UK’s FTSE 100 increased 22.52 points or 0.31% to 7,283.13 and France’s CAC was up by 3.19 points or 0.05% to 7,008.26. On the flip side, Germany’s DAX was down by 32.55 points or 0.21% to 15,603.85.