Share Market LIVE: Sensex, Nifty likely to open lower today

Good morning!

Sensex and Nifty closed lower in volatile trade for the second session on Thursday amid a selloff led by banking shares. After moving over 700 points between gains and losses during the day, Sensex finally ended 104.67 points lower at 57,892.

Here's a look at the latest updates of the market today!

8:40 am: Rupee update

The rupee declined by 7 paise to close at 75.11 (provisional) against the U.S. currency on Thursday as geopolitical tensions pushed investors towards safe-haven assets.

Forex traders said sustained foreign fund outflows and elevated crude oil prices too weakened the rupee.

8:35 am: FII and DII action

Foreign institutional investors (FIIs) sold shares worth Rs 1,242.10 crore on February 16, and domestic institutional investors (DIIs) bought shares worth Rs 901.10 crore, as per provisional data available on NSE.

8:30 am: SGX Nifty

The Indian equity market is likely to open on a negative note as SGX Nifty was down 40 points at 17,246.

Singapore Nifty (SGX Nifty) is the Indian Nifty index that is traded in On Tuesday, Sensex closed 187 points higher at 57,808 and Nifty rose 53 points to 17,266.

In the last three sessions, Sensex lost 1,937 points and Nifty plunged 567 points. The Singapore Stock Exchange and is considered to be the first indication of the opening of the Indian market.

8:15 am: Market on Thursday

Sensex and Nifty closed lower in volatile trade for the second session on Thursday amid a selloff led by banking shares. After moving over 700 points between gains and losses during the day, Sensex finally ended 104.67 points lower at 57,892.

Nifty dropped 17.60 points to end at 17,304.60. Banking shares led by ICICI Bank, Axis Bank and IndusInd Bank were the top losers on Sensex, falling up to 2%. Of the 30 Sensex constituents, 19 ended in the red.

HDFC, RIL and HUL were the top Sensex gainers, rising up to 1.71%. BSE mid cap and small cap indices fell 52 points and 189 points, respectively.